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 Grantee, or to Grantee's legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Company may require Grantee or Grantee's legal representative, heir, legatee or distributee, 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: Employee Restricted Stock Grant Agreement (Metropcs Communications Inc), Employee Restricted Stock Grant Agreement (Metropcs Communications Inc), Restricted Stock Grant Agreement (Metropcs Communications Inc)

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Execution of Receipts and Releases. Any payment Payment of cash or any issuance or transfer of shares of Common Stock Units or other property to Grantee, or to Grantee's ’s legal representativerepresentatives, heirheirs, legatee legatees or distributeedistributees, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Company may require Grantee or Grantee's Xxxxxxx’s legal representativerepresentatives, heirheirs, legatee legatees or distributeedistributees, 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: Award Agreement (Sanchez Production Partners LLC), Grant Agreement (Constellation Energy Partners LLC), Grant Agreement (Constellation Energy Partners LLC)

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

Appears in 1 contract

Samples: Grant Agreement (Constellation Energy Partners LLC)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to Grantee, the Grantee or to the Grantee's ’s legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons Persons hereunder. The Company may require the Grantee or the Grantee's ’s legal representative, heir, legatee or distributee, 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 1 contract

Samples: Restricted Stock Agreement (Global Medical REIT 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 Grantee, the Grantee or to the Grantee's ’s legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons Persons hereunder. The Company may require the Grantee or the Grantee's ’s legal representative, heir, legatee or distributee, 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 1 contract

Samples: Restricted Stock Agreement (Centennial Resource Development, Inc.)

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Common Stock or other property to Grantee, or to Grantee's ’s legal representative, heir, legatee legatee, or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Company may require Grantee or Grantee's Gxxxxxx’s legal representative, heir, legatee legatee, or distributee, 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 1 contract

Samples: Restricted Stock Unit Award Agreement (Prairie Operating Co.)

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