Common use of General Release and Non-Competition Agreement Clause in Contracts

General Release and Non-Competition Agreement. As a condition to receiving Severance Benefits under Article 4 or Article 5, as applicable, prior to the 60th day following the date of the Executive’s Qualifying Termination, the Executive shall be obligated to execute (i) a general release of claims in favor of the Company, its current and former subsidiaries, affiliates and shareholders, and the current and former directors, officers, employees, and agents thereof in the form prescribed by the Company (a “General Release”), and any period for revocation will have expired and (ii) a Non-Competition, Non-Disclosure of Confidential Information and Commitment to Provide Assistance Agreement in the form prescribed by the Company (a “Non-Competition Agreement”) or, with respect to an Executive who has previously executed a Non-Competition Agreement, and at the Company’s option, a written affirmation of the Executive’s obligations thereunder.

General Release and Non-Competition Agreement. As a condition to receiving Severance Benefits under Article 4 or Article 5, as applicable4, prior to the 60th day following the date of the Executive’s Qualifying Termination, the Executive shall be obligated to execute (i) a general release of claims in favor of the Company, its current and former subsidiaries, affiliates and shareholders, and the current and former directors, officers, employees, and agents thereof in the form prescribed by the Company (a “General Release”), and any period for revocation will have expired and (ii) a Non-Competition, Non-Disclosure of Confidential Information and Commitment to Provide Assistance Agreement in the form prescribed by the Company (a “Non-Competition Agreement”) orand, at the Company’s option, with respect to an Executive who has previously executed a Non-Competition Agreement, and at the Company’s option, a written affirmation of the Executive’s obligations thereunder.