Exclusivity of Benefits; Release of Claims. Subject to Section 13, any payments provided pursuant to this Section 9 shall be in lieu of any salary continuation arrangements or any other severance-type payments under any other severance program of the Company or its Affiliates. In order to be entitled to the payments, rights and other entitlements in this Section 9, the Executive shall be required to execute and deliver a general release of claims in favor of the Company and its Affiliates and their officers, directors and employees and their successors and assigns including, but not limited to, any claims under the Age Discrimination in Employment Act, in the form and subject to such terms as provided to him by the Company and Executive must execute the release and not revoke such general release within the applicable time periods therein.
Appears in 4 contracts
Samples: Employment Agreement (Seitel Inc), Employment Agreement (Matrix Geophysical, Inc.), Employment Agreement (Matrix Geophysical, Inc.)
