Common use of Employee’s Obligation to Execute a General Release Clause in Contracts

Employee’s Obligation to Execute a General Release. In the event that the Employee’s employment is involuntarily terminated without for Cause or the Employee terminates for Good Reason, the Corporation’s obligation to pay the Employee the amount set forth above in Section 6(a)(ii) or 6(a)(iii) shall be conditioned upon the Employee executing, and the effectiveness within thirty (30) days after such termination of employment of, a valid waiver and release (in a form provided to Employee at such time by the Corporation) of all claims that the Employee may have against the Corporation under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Vita Coco Company, Inc.), Employment Agreement (Vita Coco Company, Inc.), Employment Agreement (Vita Coco Company, Inc.)

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