Common use of Execution of Release Clause in Contracts

Execution of Release. The Executive acknowledges that, if required by the Company prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company and its Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 hereof shall be forfeited.

Appears in 5 contracts

Samples: Employment Agreement (Electronic Servitor Publication Network, Inc.), Employment Agreement (Electronic Servitor Publication Network, Inc.), Employment Agreement (Electronic Servitor Publication Network Inc.)

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Execution of Release. The Executive acknowledges that, if required by the Company prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Company, and its their respective Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 6 hereof shall be forfeited.

Appears in 4 contracts

Samples: Employment Agreement (Diego Pellicer Worldwide, Inc), Employment Agreement (Diego Pellicer Worldwide, Inc), Employment Agreement (Diego Pellicer Worldwide, Inc)

Execution of Release. The Executive acknowledges that, if required by the Company prior to making the payments and benefits set forth in this Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Company, Parent, and its their respective Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in this Section 5 hereof shall be forfeited.

Appears in 3 contracts

Samples: Employment Agreement (COHEN & Co INC.), Employment Agreement (COHEN & Co INC.), Employment Agreement (COHEN & Co INC.)

Execution of Release. The Executive acknowledges that, if required by the Company prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Company, each member of its board of directors, and its each of Executive Pay Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 6 hereof shall be forfeited.

Appears in 1 contract

Samples: Employment Agreement (China Armco Metals, Inc.)

Execution of Release. The Executive acknowledges that, if required by the Company Corporation prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Corporation, and its their respective Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 6 hereof shall be forfeited.

Appears in 1 contract

Samples: Employment Agreement (Diego Pellicer Worldwide, Inc)

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Execution of Release. The Executive acknowledges that, if required by the Company prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Company, each member of its Board, and its Officers each of the Company's officers (including his successor), Directors/Managers ) and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 6 hereof shall be forfeited.

Appears in 1 contract

Samples: Employment Agreement (Armco Metals Holdings, Inc.)

Execution of Release. The Executive acknowledges that, if required by the Company prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Company, and its their respective Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 hereof shall be forfeited.

Appears in 1 contract

Samples: Employment Agreement (Black River Petroleum Corp.)

Execution of Release. The Executive acknowledges that, if required by the Company Corporation prior to making the payments and benefits set forth in Section 5 (other than accrued but unpaid Base Salary and other benefits), all such payments and benefits are subject to his execution of a general release from liability of the Company Corporation, and its their respective Officers (including his successor), Directors/Managers and employees, and such release becoming irrevocable by its terms. If Executive fails to execute such release, or such release does not become irrevocable, all such payments and benefits set forth in Section 5 hereof shall be forfeited.

Appears in 1 contract

Samples: Employment Agreement (Diego Pellicer Worldwide, Inc)

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