Common use of Execution of Receipts and Releases Clause in Contracts

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant or to the Participant’s legal representative, heir, legatee or distributee, in accordance with the provisions of this Agreement, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreement. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distribute, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 15 contracts

Samples: Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp)

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Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock Units or other property to the Participant Participant, or to the Participant’s legal representativerepresentatives, heirheirs, legatee legatees or distributeedistributees, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreementhereunder. The Company may require the Participant or the Participant’s legal representativerepresentatives, heirheirs, legatee legatees or distributedistributees, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 11 contracts

Samples: Performance Unit Award Agreement, Performance Unit Grant Agreement (Linn Energy, LLC), Phantom Unit Grant Agreement (Linn Energy, LLC)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant Participant, or to the Participant’s legal representative, heir, legatee or distributee, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreementhereunder. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distributedistributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 9 contracts

Samples: Replacement Restricted Stock Unit Agreement (Continental Resources, Inc), Restricted Stock Award Agreement (Continental Resources, Inc), Restricted Stock Award Agreement (Continental Resources, Inc)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock Restricted Units or other property to the Participant Participant, or to the Participant’s legal representativerepresentatives, heirheirs, legatee legatees or distributeedistributees, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreementhereunder. The Company may require the Participant or the Participant’s legal representativerepresentatives, heirheirs, legatee legatees or distributedistributees, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 6 contracts

Samples: Restricted Unit Grant Agreement (Linn Energy, LLC), Restricted Unit Grant Agreement (Linn Energy, LLC), Restricted Unit Grant Agreement (Linn Energy, LLC)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant Employee, or to the ParticipantEmployee’s legal representative, heir, legatee or distributee, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreementhereunder. The Company may require the Participant Employee or the ParticipantEmployee’s legal representative, heir, legatee or distributedistributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 6 contracts

Samples: Performance Unit Award Agreement (Eclipse Resources Corp), Restricted Stock Unit Award Agreement (Eclipse Resources Corp), Restricted Stock Unit Award Agreement (Eclipse Resources Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant or to the Participant’s 's legal representative, heir, legatee or distributee, in accordance with the provisions of this Agreement, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreement. The Company may require the Participant or the Participant’s 's legal representative, heir, legatee or distribute, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 4 contracts

Samples: Performance Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp), Performance Restricted Stock Unit Agreement (Flowserve Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant Employee, or to the ParticipantEmployee’s legal representative, heir, legatee or distributee, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreementhereunder. The Company may require the Participant Employee or the ParticipantEmployee’s legal representative, heir, legatee or distributedistributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Montage Resources Corp), Performance Unit Award Agreement (Montage Resources Corp), Restricted Stock Unit Award Agreement (Montage Resources Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock Shares or other property to the Participant or to the Participant’s legal representative, heir, legatee legatee, or distributeedistribute, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this AgreementPersons hereunder. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distribute, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall reasonably determine.

Appears in 3 contracts

Samples: Stock Option Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc)

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Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant or to the Participant’s legal representative, heir, legatee legatee, or distributee, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this AgreementPersons hereunder. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distributedistributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall reasonably determine.

Appears in 3 contracts

Samples: Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Unit Agreement (LSB Industries Inc)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant or to the Participant’s legal representative, heir, legatee or distributee, in accordance with the provisions of this Agreement, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this Agreement. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distribute, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Flowserve Corp), Restricted Stock Agreement (Flowserve Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock Shares or other property to the Participant or to the Participant’s legal representative, heir, legatee legatee, or distributeedistribute, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this AgreementPersons hereunder. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distribute, as a condition precedent to such payment or issuance, to execute a release solely with respect to the delivered Restricted Stock and receipt therefor in such form as it shall reasonably determine.

Appears in 2 contracts

Samples: Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant Participant, or to the Participant’s legal representative, heir, legatee or distributee, in accordance with under the provisions of this Agreement, shall, to the extent thereof, be in full satisfaction of all claims of such persons Persons under this Agreement. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distributedistributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Trecora Resources), Restricted Stock Unit Agreement (Trecora Resources)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to the Participant or to the Participant’s legal representative, heir, legatee legatee, or distributeedistribute, in accordance with the provisions of this Agreementhereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons under this AgreementPersons hereunder. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distribute, as a condition precedent to such payment or issuance, to execute a release solely with respect to the delivered Restricted Stock and receipt therefor in such form as it shall reasonably determine.

Appears in 1 contract

Samples: Restricted Stock Agreement (LSB Industries Inc)

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