Common use of Execution and Delivery of Release Clause in Contracts

Execution and Delivery of Release. In the event the Employee fails or refuses to execute and deliver to the Company, within sixty (60) days following termination of the Employee’s employment, a general waiver and release of claims in a form substantially similar to Exhibit C attached to this Agreement (the “Release”) or otherwise revokes the Release during such period, the Employee shall forfeit any unpaid Severance Benefits, and no further Severance Benefits will be paid to the Employee.

Appears in 2 contracts

Samples: Employment Agreement (SWK Holdings Corp), Employment Agreement (SWK Holdings Corp)

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Execution and Delivery of Release. In the event the Employee fails or refuses to execute and deliver to the Company, within sixty (60) twenty-one days following termination of the Employee’s employmentTermination Date, a general waiver and release of claims in a form substantially similar to Exhibit C attached to this Agreement (the “Release”) or otherwise revokes the Release during such the applicable revocation period, the Employee shall forfeit any unpaid the Severance Benefits, and no further Severance Benefits will be paid to the Employee.

Appears in 2 contracts

Samples: Employment Agreement (SWK Holdings Corp), Employment Agreement (SWK Holdings Corp)

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Execution and Delivery of Release. In the event the Employee fails or refuses to execute and deliver to the Company, within sixty (60) twenty-one days following termination of the Employee’s employmentTermination Date, a general waiver and release of claims in a form substantially similar to Exhibit C attached to this Agreement (the “Release”) or otherwise revokes the Release during such the applicable revocation period, the Employee shall forfeit any unpaid the Severance Benefits, and no further Severance Benefits will be paid to the Employee.

Appears in 1 contract

Samples: Employment Agreement (SWK Holdings Corp)

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