General Release Requirement. As an additional prerequisite for receipt of the severance benefits described in subsection (c), Executive must execute, deliver to Orion, and not revoke (to the extent Executive is allowed to do so) a General Release.
General Release Requirement. Executive will not be eligible to receive any payments or benefits under Section 5(c) until (i) Executive executes a general release of all claims arising out of his employment with, and termination of employment from, Orion in the form proscribed by and acceptable to Orion (“General Release”); and (ii) the revocation period specified in such General Release expires without such Executive exercising his right of revocation as set forth in the General Release.
General Release Requirement. As an additional prerequisite for receipt of the severance benefits described in subsection (c), the Executive must execute, deliver to the Company, and not revoke (to the extent the Executive is allowed to do so) a General Release within forty-five (45) days of the date of the Executive’s Termination of Employment.
General Release Requirement. As a condition precedent to Executive’s entitlement to any Severance Benefits, Executive (or as applicable, Executive’s heirs or estate) must execute and effectuate a general release agreement (“General Release Agreement”) satisfactory to Company, within forty-five (45) days of the Termination Date, that may include without limitation, terms (as applicable) of (a) Executive’s (or as applicable, Executive’s heirs’ or estate’s) general release of Company (with a broad definition of claims released); (b) understanding of General Release Agreement; (c) no Company admission of liability; (d) Executive revocation rights (only if required by law); (e) confidentiality of General Release Agreement; (f) severance payments and benefits contingent on Executive compliance with Sections 8 and 9 of this Agreement; (g) return of Company property; and (h) liquidated damages in the amount of ninety percent (90%) of Severance Benefits actually paid, in the event of Executive’s breach of the terms of Sections 8 and/or 9 of this Agreement. For purposes of this Agreement, the “Release Date” shall be defined as the date that is sixty (60) days from the Termination Date.
General Release Requirement. As an additional prerequisite for receipt of the severance benefits described in subsection (c), Executive must execute, deliver to the Company, and not revoke (to the extent Executive is allowed to do so) a General Release.
General Release Requirement. Employee’s right to any vesting of equity or receipt of payments under paragraphs 12(a), (b) or (c) above shall be contingent upon: (i) execution by Employee of a termination agreement which includes a general release of claims and other provisions in conformance with paragraph 9(a) above; and (ii) compliance by Employee with all of the terms of this Agreement, including without limitation paragraphs 10 and 11. These payments and benefits shall be in lieu of any bonus or other Company paid benefits to which Employee is or may be entitled after Employee’s termination of employment with the Company for any reason whatsoever, whether by Employee or the Company, including any severance payments to which Employee is or may be entitled by reason of any severance plan sponsored by the Company, or any other agreement, policy or practice.
General Release Requirement. Notwithstanding anything herein to the contrary, it will be a condition to Executive's right to receive the amounts provided for in Section 6.1, Section 6.2 and Section 7.1, that Executive timely execute and deliver to the Company, a general release provided by and acceptable to the Company within twenty-one (21) days of its delivery to Executive (or such longer period as may be required under the Age Discrimination in Employment Act of 1967, as amended), without subsequent revocation of the general release. Upon satisfaction of the general release condition, the payment of the severance benefits will commence as provided in Section 6.1, Section 6.2 and Section 7.1 or as applicable as provided in this Agreement.
General Release Requirement. All payments or benefits to Employee under this Article 5 (other than payments or benefits already accrued and otherwise due under the Company's employee, executive or fringe benefit plans or programs) will not be given unless Employee executes (and does not rescind) a written employment termination agreement incorporating a general release, in a form prescribed by the Company, of all claims against the Company and related parties with respect to all matters occurring to the date of the release, including (but not limited to) employment matters or matters in connection with Employee's termination, except for matters relating to benefits or payments already accrued and otherwise due under the Company's employee, executive or fringe benefit plans or programs.
General Release Requirement. As a condition precedent to Executive’s entitlement to any Severance Benefits, Executive (or as applicable, Executive’s heirs or estate) must execute and effectuate a general release agreement (“General Release Agreement”) satisfactory to Company, within forty-five (45) days of the Termination Date, that may include without limitation, terms (as applicable) of (a) Executive’s (or as applicable, Executive’s heirs’ or estate’s) general release of Company (with a broad definition of claims released); (b) understanding of General Release Agreement; (c) no Company admission of liability; (d) Executive revocation rights; (e) confidentiality of General Release Agreement; (f) severance payments and benefits contingent on Executive compliance with Sections 8 and 9 of this Agreement; (g) return of Company property; and (h) liquidated damages in the amount of ninety percent (90%) of Severance Benefits actually paid, in the event of Executive’s breach of the terms of Sections 8 and/or 9 of this Agreement. The release shall not, however, include releases of the Company for any indemnification claims by Executive for indemnification of claims brought by other parties against the Executive. For purposes of this Agreement, the “Release Date” shall be defined as the date that is sixty (60) days from the Termination Date.
General Release Requirement. Employee’s right to any vesting of equity or receipt of payments under paragraphs 11A(a), (b) or (c) above shall be contingent upon: (i) execution by Employee of a termination agreement which includes a general release of claims (including, without limitation, contractual, common law and statutory claims) against the Company and its officers, directors, employees, agents and other persons and entities designated by the Company, in a form acceptable to the Company; and (ii) compliance by Employee with all of the terms of this Agreement, including without limitation paragraphs 12 and 13. These payments and benefits shall be in lieu of any bonus or other Company paid benefits to which Employee is or may be entitled after Employee’s termination of employment with the Company for any reason whatsoever, whether by Employee or the Company, including any severance payments to which Employee is or may be entitled by reason of any severance plan sponsored by the Company, or any other agreement, policy or practice.
