Common use of General Release by Executive Clause in Contracts

General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 is expressly conditioned upon the Executive’s timely execution and non-revocation of an agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 6 contracts

Samples: Change in Control Severance Agreement (LaSalle Hotel Properties), Change in Control Severance Agreement (Lasalle Hotel Properties), Change in Control Severance Agreement (Lasalle Hotel Properties)

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General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 4 is expressly conditioned upon the Executive’s 's timely execution of and non-revocation of an agreement to be bound by a general release of any and all claims (other than claims for compensation and benefits payable under this Section 4) arising out of or relating to the Executive’s 's employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form reasonably satisfactory to the Company and shall run to the Company, its affiliates affiliates, and their respective officers, trusteesdirectors, employees, agents, successors and assigns.

Appears in 5 contracts

Samples: Employment Agreement (Pxre Group LTD), Employment Agreement (Pxre Group LTD), Employment Agreement (Pxre Group LTD)

General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 Sections 3(a), 3(b) and 3(c) is expressly conditioned upon the Executive’s timely execution and non-revocation of an agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effectiveeffective . Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 5 contracts

Samples: Change in Control Severance Agreement (Pebblebrook Hotel Trust), Change in Control Severance Agreement (Pebblebrook Hotel Trust), Change in Control Severance Agreement (Pebblebrook Hotel Trust)

General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 is expressly conditioned upon the Executive’s timely execution of and non-revocation of an agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates affiliates, and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Lasalle Hotel Properties), Change in Control Severance Agreement (Lasalle Hotel Properties), Change in Control Severance Agreement (Lasalle Hotel Properties)

General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 is expressly conditioned upon the Executive’s timely execution of and non-revocation of an agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Lasalle Hotel Properties), Change in Control Severance Agreement (Lasalle Hotel Properties), Change in Control Severance Agreement (Lasalle Hotel Properties)

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General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 is expressly conditioned upon the Executive’s timely execution and non-revocation of an agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effectiveeffective . Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Lasalle Hotel Properties)

General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 is expressly conditioned upon the Executive’s timely execution and non-revocation of an agreement to be bound by a general release of any and all claims against the Company, including those arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 1 contract

Samples: Change in Control Severance Agreement (LaSalle Hotel Properties)

General Release by Executive. Notwithstanding any provision of this Agreement to the contrary, the Executive acknowledges and agrees that the obligation of the Company to pay any compensation and benefits under this Section 3 Sections 3(a), 3(b) and 3(c) is expressly conditioned upon the Executive’s timely execution and non-revocation of an agreement to be bound by a general release of any and all claims arising out of or relating to the Executive’s employment and termination of employment, which shall have become fully effective. Such general release shall be made in a form satisfactory to the Company and shall run to the Company, its affiliates and their respective officers, trustees, employees, agents, successors and assigns.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Pebblebrook Hotel Trust)

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