Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such Covered Termination, Executive shall execute the Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar days after execution. In the event Executive does not execute such Release within the twenty-one (21)-day period, or if Executive revokes such Release within the subsequent seven (7)-day period, no benefits shall be payable under this Agreement, and this Agreement shall be null and void.
Appears in 9 contracts
Samples: Executive Severance Benefits Agreement (Award Software International Inc), Executive Severance Benefits Agreement (Walker Interactive Systems Inc), Executive Severance Benefits Agreement (Award Software International Inc)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Covered Termination or Company Termination, and prior to the receipt of any benefits under this Agreement on account of such Covered Termination or Company Termination, Executive shall execute the Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. B. Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar days after execution. In the event Executive does not execute such Release within the twenty-one (21)-day period, or if Executive revokes such Release within the subsequent seven (7)-day period, no benefits shall be payable under this Agreement, and this Agreement shall be null and void.
Appears in 3 contracts
Samples: Executive Severance Benefits Agreement (Walker Interactive Systems Inc), Executive Severance Benefits Agreement (Walker Interactive Systems Inc), Executive Severance Benefits Agreement (Walker Interactive Systems Inc)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Company Termination or a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such Covered Terminationtermination, Executive shall execute the Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar days after execution. In the event Executive does not execute such Release within the twenty-one (21)-day period, or if Executive revokes such Release within the subsequent seven (7)-day period, no benefits shall be payable under this Agreement, and this Agreement shall be null and void.
Appears in 2 contracts
Samples: Employment Agreement (Elevon Inc), Employment Agreement (Elevon Inc)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Company Termination or a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such Covered Terminationtermination, Executive shall execute the Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. B. Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar days after execution. In the event Executive does not execute such Release within the twenty-twenty- one (21)-day period, or if Executive revokes such Release within the subsequent seven (7)-day period, no benefits shall be payable under this Agreement, and this Agreement shall be null and void.
Appears in 1 contract
Samples: Executive Employment Agreement (Walker Interactive Systems Inc)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such the occurrence of a Covered Termination, Executive shall shall, as of the date of a Covered Termination, execute the an Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. A ("Release"). Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar business days after its execution. In the event Executive does not execute such the Release within the twenty-one (21)-day 21) day period, or if Executive revokes such the Release within the subsequent seven (7)-day 7) business day period, no benefits shall be payable under this Agreement, Agreement and this Agreement shall be null and void.
Appears in 1 contract
Samples: Change of Control Severance Benefits Agreement (Verilink Corp)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such Covered Termination, Executive shall execute the Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar business days after execution. In the event Executive does not execute such Release within the twenty-one (21)-day period, or if Executive revokes such Release within the subsequent seven (7)-day 7)-business day period, no benefits shall be payable under this Agreement, Agreement and this Agreement shall be null and void.
Appears in 1 contract
Samples: Control Severance Benefits Agreement (Continuus Software Corp /Ca)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Company Termination or a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such Covered Terminationtermination, Executive shall execute the Employee Agreement and Release (the "Release") in the form attached hereto as Exhibit A. B. Such Release shall specifically relate to all of Executive's rights and claims in existence at the time of such execution and shall confirm Executive's obligations under the Company's standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar days after execution. In the event Executive does not execute such Release within the twenty-one (21)-day period, or if Executive revokes such Release within the subsequent seven (7)-day period, no benefits shall be payable under this Agreement, and this Agreement shall be null and void.
Appears in 1 contract
Samples: Executive Employment Agreement (Walker Interactive Systems Inc)
Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Covered Termination, and prior to the receipt of any benefits under this Agreement on account of such the occurrence of a Covered Termination, Executive shall shall, as of the date of a Covered Termination, execute a general waiver and release in favor of the Employee Agreement Company and Release (the "Release") related persons in the form attached hereto as Exhibit A. prescribed by the Company reflecting then current law and practice (the “Release”). Such Release shall specifically relate to all of Executive's ’s rights and claims in existence at the time of such execution and shall confirm Executive's ’s obligations under the Company's ’s standard form of proprietary information and inventions agreement. It is understood that Executive has twenty-one (21) calendar days to consider whether to execute such Release, and Executive may revoke such Release within seven (7) calendar business days after its execution. In the event Executive does not execute such the Release within the twenty-one (21)-day 21) day period, or if Executive revokes such the Release within the subsequent seven (7)-day 7) business day period, no benefits shall be payable under this Agreement, Agreement and this Agreement shall be null and void.
Appears in 1 contract
Samples: Change of Control Severance Benefits Agreement (Verilink Corp)