Common use of GENERAL RELEASE REQUIRED Clause in Contracts

GENERAL RELEASE REQUIRED. The Company shall not be obligated to make any payment or to provide any benefit specified in Section 6.1 unless the Executive first executes a legally binding and effective General Release and Separation Agreement satisfactory to the Company in form, substance and scope of persons and entities released. Said General Release and Separation Agreement will include, but not be limited to, a release of any and all claims the Executive may have, or claim to have, arising out of or relating in any way to the Paragon Trade Brands, Inc. Severance Pay Plan established effective February 2, 1993, and restated February 28, 2000, or any other plan or program of the Company that provides severance benefits.

Appears in 2 contracts

Samples: Agreement (Paragon Trade Brands Inc), Agreement (Paragon Trade Brands Inc)

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GENERAL RELEASE REQUIRED. The Company shall not be obligated to make any payment or to provide any benefit specified in Section 6.1 8.1 unless the Executive first executes a legally binding and effective General Release and Separation Agreement satisfactory to the Company in form, substance and scope of persons and entities released. Said General Release and Separation Agreement will include, but not be limited to, a release of any and all claims the Executive may have, or claim to have, arising out of or relating in any way to the Paragon Trade Brands, Inc. Severance Pay Plan established effective February 2, 1993, and restated February 28, 2000, or any other plan or program of the Company that provides severance benefits.

Appears in 2 contracts

Samples: Agreement (Paragon Trade Brands Inc), Agreement (Paragon Trade Brands Inc)

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