Common use of Consideration for Release Clause in Contracts

Consideration for Release. Safeco represents, and Employee acknowledges, that the Severance Payment and the other consideration and benefits provided hereunder exceed any amount Safeco may arguably be required to pay under any agreement or arrangement to which Employee is a party or under which Employee claims some benefit, or under the standard policies and procedures of Safeco, and represents valuable consideration to Employee for the release of the Claims described above.

Appears in 4 contracts

Samples: Separation and General Release Agreement, Separation and General Release Agreement (Safeco Corp), Separation and General Release Agreement (Safeco Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.