Common use of Execution of Separation Agreement and Release Clause in Contracts

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant will not be entitled to receive any Shares under any Performance Share Units that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d) shall not affect the timing of the issuance of Shares provided under Section 3(a).

Appears in 4 contracts

Samples: Performance Share Unit Agreement (Constellation Brands, Inc.), Performance Share Unit Agreement (Constellation Brands, Inc.), Performance Share Unit Agreement (Constellation Brands, Inc.)

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Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, Retirement shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant Participant will not be entitled to receive any Shares under any Performance Share Units Restricted Stock Unit that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d7(c) shall not affect the timing of the issuance of Shares provided under Section 3(a7(b)(ii)(B).

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Constellation Brands, Inc.), Restricted Stock Unit Agreement (Constellation Brands, Inc.), Restricted Stock Unit Agreement (Constellation Brands, Inc.)

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, Retirement shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant Participant will not be entitled to receive any Shares under any Performance Share Units Restricted Stock Unit that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d8(c) shall not affect the timing of the issuance of Shares provided under Section 3(a8(b)(ii)(B).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Constellation Brands, Inc.)

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form PSU acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant will not be entitled to receive any Shares under any Performance Share Units that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d9(d) shall not affect the timing of the issuance of Shares provided under Section 3(a).

Appears in 1 contract

Samples: Performance Share Unit Agreement (Constellation Brands, Inc.)

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant will not be entitled to receive any Shares under any Performance Share Units that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d9(d) shall not affect the timing of the issuance of Shares provided under Section 3(a).

Appears in 1 contract

Samples: Performance Share Unit Agreement (Constellation Brands, Inc.)

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, ’s Retirement shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's ’s termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant Participant will not be entitled to receive any Shares under any Performance Share Units Restricted Stock Unit that would otherwise vest as a result of the Participant's ’s Retirement. The provisions of this Section 8(d7(c) shall not affect the timing of the issuance of Shares provided under Section 3(a7(b)(ii)(B).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Constellation Brands, Inc.)

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant will not be entitled to receive any Shares under any Performance Share Units that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d) shall not affect the timing of the issuance of Shares provided under Section 3(a).the

Appears in 1 contract

Samples: Performance Share Unit Agreement (Constellation Brands, Inc.)

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Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, ’s Retirement shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's ’s termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant Participant will not be entitled to receive any Shares under any Performance Share Units Restricted Stock Unit that would otherwise vest as a result of the Participant's ’s Retirement. The provisions of this Section 8(d8(c) shall not affect the timing of the issuance of Shares provided under Section 3(a8(b)(ii)(B).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Constellation Brands, Inc.)

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's Retirement, if any, shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through 8 the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant will not be entitled to receive any Shares under any Performance Share Units that would otherwise vest as a result of the Participant's Retirement. The provisions of this Section 8(d9(d) shall not affect the timing of the issuance of Shares provided under Section 3(a). 10.

Appears in 1 contract

Samples: Share Unit Agreement

Execution of Separation Agreement and Release. The Company may require, in its sole discretion, that Shares to be delivered as a result of the Participant's ’s Retirement, if any, shall only be delivered if the Participant executes and delivers to the Company, a full general release, in a form acceptable to the Company, releasing all claims, known or unknown, that the Participant may have through the date of such release against the Company or its affiliates and such release becoming legally effective and not subject to revocation within thirty (30) days following the Participant's ’s termination of employment. To the extent applicable, if the requirements of the preceding sentence have not been met, the participant will not be entitled to receive any Shares under any Performance Share Units that would otherwise vest as a result of the Participant's ’s Retirement. The provisions of this Section 8(d) shall not affect the timing of the issuance of Shares provided under Section 3(a).

Appears in 1 contract

Samples: Performance Share Unit Agreement (Constellation Brands, Inc.)

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