Common use of General Waiver and Release Clause in Contracts

General Waiver and Release. Notwithstanding any provision to the contrary in the Agreement, Officer acknowledges that in addition to other conditions set forth in the Agreement, Severance Benefits shall be conditioned upon the prior execution by Officer of a general waiver and release (hereinafter "Waiver") as described in this Section 3(D), and Officer shall not be eligible for Severance Benefits unless and until Officer has executed the Waiver within ninety (90) days following Officer's termination of employment.. The Waiver shall be substantially in the form attached hereto as Exhibit C and shall generally waive all claims Officer has or may have against Company, any Affiliate, and any successors or predecessors thereto, and shall release Company and all Affiliates, and any successors and predecessors thereto, from all liability with respect to any such claims; provided, however, that Officer shall not waive, and there shall be no release with respect to, any claim (other than a claim disputing the validity of this Section 3(D) or the Waiver) of Officer to enforce any one or more of the provisions of the Agreement.

Appears in 6 contracts

Samples: Officer Severance Agreement (Rightchoice Managed Care Inc), Officer Severance Agreement (Rightchoice Managed Care Inc), Officer Severance Agreement (Rightchoice Managed Care Inc)

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General Waiver and Release. Notwithstanding any provision to the contrary in the this Agreement, Officer acknowledges that in addition to other conditions set forth in the this Agreement, Severance Benefits shall be conditioned upon the prior execution by Officer of a general waiver and release (hereinafter "Waiver") as described in this Section 3(D), and Officer shall not be eligible for Severance Benefits unless and until Officer has executed the Waiver within ninety twenty-one (9021) days following Officer's termination of employment.. . The Waiver shall be substantially in the form attached hereto as Exhibit C and shall generally waive all claims Officer has or may have against Company, any AffiliateAffiliate of Company, and any successors or predecessors thereto, and shall release Company and all AffiliatesAffiliates of Company, and any successors and predecessors thereto, from all liability with respect to any such claims; provided, however, that Officer shall not waive, and there shall be no release with respect to, any claim (other than a claim disputing the validity of this Section 3(D) or the Waiver) of Officer to enforce any one or more of the provisions of this Agreement. The foregoing notwithstanding, the Waiver attached hereto as Exhibit C may be modified by Company at any time during the term of this Agreement.

Appears in 2 contracts

Samples: Officer Severance Agreement (Rightchoice Managed Care Inc /De), Officer Severance Agreement (Rightchoice Managed Care Inc /De)

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General Waiver and Release. Notwithstanding any provision to the -------------------------- contrary in the Agreement, Officer acknowledges that in addition to other conditions set forth in the Agreement, Severance Benefits shall be conditioned upon the prior execution by Officer of a general waiver and release (hereinafter "Waiver") as described in this Section 3(D), and Officer shall not be eligible for Severance Benefits unless and until Officer has executed the Waiver within ninety (90) days following Officer's termination of employment.. The Waiver shall be substantially in the form attached hereto as Exhibit C and shall generally waive all claims Officer has or may have against Company, any Affiliate, and any successors or predecessors thereto, and shall release Company and all Affiliates, and any successors and predecessors thereto, from all liability with respect to any such claims; provided, however, that Officer shall not waive, and there shall be no release with respect to, any claim (other than a claim disputing the validity of this Section 3(D) or the Waiver) of Officer to enforce any one or more of the provisions of the Agreement.

Appears in 1 contract

Samples: Officer Severance Agreement (Rightchoice Managed Care Inc)

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