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 RSUs 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, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine. In the event the period you are given to review, execute and revoke a release provided pursuant to this Section 16 spans two calendar years, any payment to you pursuant to this Agreement will be made in the second calendar year.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (HF Sinclair Corp), Restricted Stock Unit Agreement (HollyFrontier Corp), Restricted Stock Unit Agreement (HollyFrontier Corp)

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Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of RSUs 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, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine. In the event the period you are given to review, execute and revoke a release provided pursuant to this Section 16 13 spans two calendar years, any payment to you pursuant to this Agreement will be made in the second calendar year.

Appears in 5 contracts

Samples: 2020 Long Term Incentive Plan Restricted Stock Unit Agreement (HF Sinclair Corp), 2020 Long Term Incentive Plan Restricted Stock Unit Agreement (HF Sinclair Corp), 2020 Long Term Incentive Plan Restricted Stock Unit Agreement (HF Sinclair Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of RSUs 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, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine. In the event the period you are given to review, execute and revoke a release provided pursuant to this Section 16 15 spans two calendar years, any payment to you pursuant to this Agreement will be made in the second calendar year.

Appears in 2 contracts

Samples: Performance Share Unit Agreement (HF Sinclair Corp), Performance Share Unit Agreement (HollyFrontier Corp)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of RSUs 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, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine. In the event the period you are given to review, execute and revoke a release provided pursuant to this Section 16 14 spans two calendar years, any payment to you pursuant to this Agreement will be made in the second calendar year.

Appears in 2 contracts

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

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Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of RSUs 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, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine. In the event the period you are given to review, execute and revoke a release provided pursuant to this Section 16 spans two calendar years, any payment to you pursuant to this Agreement will be made in the second calendar year.

Appears in 1 contract

Samples: Performance Share Unit Agreement (HollyFrontier Corp)

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