Common use of Covenants and Release Clause in Contracts

Covenants and Release. As a condition precedent to payment under this Agreement or payment of severance or grant of any other benefit hereunder, Executive must comply with, and continue to comply with, the Covenants and Terms attached hereto as Exhibit A, and sign and deliver a general release to the Company within one week after the termination of Executive’s employment in the form of General Release, attached hereto as Exhibit B (or such other Release as reasonably requested by the Company), it being understood and agreed that the Executive shall not be entitled to any benefits provided hereunder unless and until he has signed and delivered such General Release to the Company and any revocation period applicable to such General Release expires without revocation by the Executive.

Appears in 8 contracts

Samples: Severance Agreement (Ecolab Inc), Amended Severance Agreement (Nalco Holding CO), Severance Agreement (Nalco Holding CO)

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Covenants and Release. As a condition precedent to payment under this Agreement or payment of severance or grant of any other benefit hereunder, Executive must comply with, and continue to comply with, the Covenants and Terms attached hereto as Exhibit A, and sign and deliver a general release to the Company within one week after the termination of Executive’s employment in the form of General Release, attached hereto as Exhibit B (or such other Release as reasonably requested by the Company)B, it being understood and agreed that the Executive shall not be entitled to any benefits provided hereunder unless and until he has signed and delivered such General Release to the Company and any revocation period applicable to such General Release expires without revocation by the Executive.

Appears in 3 contracts

Samples: Severance Agreement (Nalco Holding CO), Severance Agreement (Nalco Holdings LLC), Severance Agreement (Nalco Holding CO)

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