Common use of Effect of Failure by the Company to Present Release Clause in Contracts

Effect of Failure by the Company to Present Release. If the Company fails to present a Release and covering message to the Executive (or the Executive’s personal representative) as contemplated by Paragraph 6(a) within 21 days of the Termination Date, the Company will be deemed to have waived the requirement that the Executive (or the Executive’s personal representative) execute a Release as a condition to receiving payments under any portion of either of Paragraph 4(a) or Paragraph 5(d), as the case may be.

Effect of Failure by the Company to Present Release. If the Company fails to present a Release and covering message to the Executive (or the Executive’s personal representative) as contemplated by Paragraph 6(a) Section 9.1 within 21 days of the Termination Date, the Company will be deemed to have waived the requirement that the Executive (or the Executive’s personal representative) execute a Release as a condition to receiving salary continuation payments or any lump sum payment under any portion of either of Paragraph 4(a) or Paragraph 5(dSection 8.2(d), as the case may be.

Effect of Failure by the Company to Present Release. If the Company fails to present a Release and covering message to the Executive (or the Executive’s personal representative) as contemplated by Paragraph 6(a) Section 10.1 within 21 days of the Termination Date, the Company will be deemed to have waived the requirement that the Executive (or the Executive’s personal representative) execute a Release as a condition to receiving salary continuation payments or any lump sum payment under any portion of either of Paragraph 4(a) or Paragraph 5(dSection 9.2(d), as the case may be.