Common use of Consideration for Release Clause in Contracts

Consideration for Release. Subject to your compliance with the terms and conditions of this Agreement, and provided you deliver to the Company this signed Agreement and satisfy all conditions to make the Release effective within sixty (60) days following your Separation (such sixty (60) day period, the “Release Period”), the Company shall provide you with the acceleration set forth under Section 7 of the Employment Agreement as compensation for the Release set forth herein.

Appears in 2 contracts

Samples: Transitional Advisory Agreement and Release of Claims (Green Dot Corp), Transitional Advisory Agreement and Release of Claims (Green Dot Corp)

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Consideration for Release. Subject to your compliance with the terms and conditions of this Agreement, and provided you deliver to the Company this signed Agreement and satisfy all conditions to make the Release effective within sixty thirty (6030) days following your Separation (such sixty thirty (6030) day period, the “Release Period”), the Company shall provide you with good and valuable consideration, including, but not limited to, the acceleration payments set forth under Section 7 of the Employment Agreement this Agreement, as compensation for the Release set forth herein.

Appears in 2 contracts

Samples: Service Continuation Agreement, Service Continuation Agreement (Energous Corp)

Consideration for Release. Subject to your compliance with the terms and conditions of this Agreement, and provided you deliver to the Company this signed Agreement and satisfy all conditions to make the Release effective within sixty (60) days following your Separation (such sixty (60) day period, the “Release Period”), the Company shall provide you with good and valuable consideration, including, but not limited to, the acceleration payments set forth under Section 7 of the Employment Agreement this Agreement, as compensation for the Release set forth herein. For purposes of this Agreement, “Separation” means your termination of employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Green Dot Corp)

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Consideration for Release. Subject to your compliance with the terms and conditions of this Agreement, and provided you deliver to the Company this signed Agreement and satisfy all conditions to make the Release effective within sixty (60) days following your Separation (such sixty (60) day period, the “Release Period”), the Company shall provide you with good and valuable consideration, including, but not limited to, the acceleration payments set forth under Section 7 of the Employment Agreement this Agreement, as compensation for the Release set forth herein.

Appears in 1 contract

Samples: Transitional Advisory Agreement (Green Dot Corp)

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