Common use of Execution of Release of Claims Clause in Contracts

Execution of Release of Claims. The payment of the benefits listed herein is conditioned on the Executive executing the General Release of All Claims, a copy of which is attached as Exhibit A, within five (5) days after the termination date if the Executive is under age forty (40), or executing the General Release of All Claims, a copy of which is attached as Exhibit B, within forty-five (45) days after the termination date (or any longer period required under the Older Workers Benefit Protection Act) if the Executive is age forty (40) or over (and does not revoke the agreement to the terms of the release within any applicable revocation period).