Common use of Execution of Release Clause in Contracts

Execution of Release. The Executive shall not be entitled to any payments or benefits under Section 4a unless the Executive executes and does not revoke a Release and Agreement (the “Release”), as drafted by the Company at the time of the Executive’s termination of employment, including, but not limited to, the following provisions in favor of the Company and its affiliates and assigns to the maximum extent permitted by applicable law: (i) an unconditional release of all rights to any claims, charges, complaints, or grievances, known or unknown to the Executive, against the Company, its parent, subsidiary and affiliated companies, and assigns (and others, such as their former and current directors, employees, and agents) (together, the “Released Parties”), through the date of the Executive’s termination from employment other than post termination payments and benefits pursuant to this Agreement; ​ (ii) a representation and warranty that the Executive has not filed or assigned any claims, charges, complaints, or grievances against the Released Parties; (iii) an agreement not to use, disclose, or make copies of any confidential information of the Company, as well as to return any such confidential information and property to the Company upon execution of the Release; and (iv) an agreement to indemnify the Released Parties in the event that the Executive breaches any portion of the Agreement or Release.

Appears in 3 contracts

Samples: Employment Agreement (Agile Therapeutics Inc), Employment Agreement (Agile Therapeutics Inc), Employment Agreement (Agile Therapeutics Inc)

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Execution of Release. The Executive shall not be entitled to any payments or benefits under Section 4a unless the Executive executes and does not revoke a Release and Agreement (the “Release”), as drafted by the Company at the time of the Executive’s termination of employment, including, but not limited to, the following provisions in favor of the Company and its affiliates and assigns to the maximum extent permitted by applicable law: (i) an unconditional release of all rights to any claims, charges, complaints, or grievances, known or unknown to the Executive, against the Company, its parent, subsidiary and affiliated companies, and assigns (and others, such as their former and current directors, employees, and agents) (together, the “Released Parties”), through the date of the Executive’s termination from employment other than post termination payments and benefits pursuant to this Agreement; ​; (ii) a representation and warranty that the Executive has not filed or assigned any claims, charges, complaints, or grievances against the Released Parties; (iii) an agreement not to use, disclose, or make copies of any confidential information of the Company, as well as to return any such confidential information and property to the Company upon execution of the Release; and (iv) an agreement to indemnify the Released Parties in the event that the Executive breaches any portion of the Agreement or Release.

Appears in 2 contracts

Samples: Employment Agreement (Agile Therapeutics Inc), Employment Agreement (Agile Therapeutics Inc)

Execution of Release. The Executive shall not be entitled to any payments or benefits under Section 4a unless the Executive executes and does not revoke a Release and Agreement (the “Release”), as drafted by the Company at the time of the Executive’s termination of employment, including, but not limited to, the following provisions in favor of the Company and its affiliates and assigns to the maximum extent permitted by applicable law: (i) an unconditional release of all rights to any claims, charges, complaints, or grievances, known or unknown to the Executive, against the Company, its parent, subsidiary and affiliated companies, and assigns (and others, such as their former and current directors, employees, and agents) (together, the “Released Parties”), through the date of the Executive’s termination from employment other than post termination payments and benefits pursuant to this Agreement; ​; (ii) a representation and warranty that the Executive has not filed or assigned any claims, charges, complaints, or grievances against the Released Parties; (iii) an agreement not to use, disclose, or make copies of any confidential information of the Company, as well as to return any such confidential information and property to the Company upon execution of the Release; and (iv) an agreement to indemnify the Released Parties in the event that the Executive breaches any portion of the Agreement or Release.

Appears in 1 contract

Samples: Employment Agreement (Agile Therapeutics Inc)

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Execution of Release. The Executive shall not be entitled to any payments or benefits under Section 4a unless the Executive executes and does not revoke a Release and Agreement (the “Release”), as drafted by the Company at the time of the Executive’s termination of employment, including, but not limited to, the following provisions in favor of the Company and its affiliates and assigns to the maximum extent permitted by applicable law: (i) an unconditional release of all rights to any claims, charges, complaints, or grievances, known or unknown to the Executive, against the Company, its parent, subsidiary and affiliated companies, and assigns (and others, such as their former and current directors, employees, and agents) (together, the “Released Parties”), through the date of the Executive’s termination from employment other than post termination payments and benefits pursuant to this Agreement; ​; (ii) a representation and warranty that the Executive has not filed or assigned any claims, charges, complaints, or grievances against the Released Parties; (iii) an agreement not to use, disclose, or make copies of any confidential information of the Company, as well as to return any such confidential information and property to the Company upon execution of the Release; andand ​ (iv) an agreement to indemnify the Released Parties in the event that the Executive breaches any portion of the Agreement or Release.

Appears in 1 contract

Samples: Employment Agreement (Agile Therapeutics Inc)

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