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 Units or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the Company, the Partnership, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine.

Appears in 5 contracts

Samples: Restricted Unit Agreement (Holly Energy Partners Lp), Performance Unit Agreement (Holly Energy Partners Lp), Performance Unit Agreement (Holly Energy Partners Lp)

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Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Units Shares or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the Company, the Partnership, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine.

Appears in 3 contracts

Samples: Corporation Performance Share Unit Agreement (HollyFrontier Corp), Corporation Performance Share Unit Agreement (HollyFrontier Corp), Performance Share Unit Agreement (HollyFrontier Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Phantom Units or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the Company, the Partnership, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine; provided, however, that any review period under such release will not modify the date of settlement with respect to your Award.

Appears in 2 contracts

Samples: Phantom Unit Agreement (Holly Energy Partners Lp), Phantom Unit Agreement (Holly Energy Partners Lp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Units shares of Stock or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the CompanyEmployer, the PartnershipCompany, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determinereasonably determine and subject to your Employment Agreement.

Appears in 2 contracts

Samples: Agreement (Energy XXI LTD), Restricted Stock Unit Agreement (Energy XXI LTD)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Units shares of Stock or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the CompanyEmployer, the PartnershipCompany, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine.

Appears in 2 contracts

Samples: Agreement (Energy XXI LTD), Restricted Stock Unit Agreement (Energy XXI LTD)

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Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Units shares or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the Company, the Partnership, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Group 1 Automotive Inc)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Units shares or other property to you, or to your legal representative, heir, legatee legatee, or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee legatee, or distributee, as a condition precedent to such Exhibit 10.28 payment or issuance, to execute a general release of all claims in favor of the Company, the Partnershipany Affiliate, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Group 1 Automotive Inc)

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