Common use of Mandatory Release Clause in Contracts

Mandatory Release. As a condition to the receipt of any benefit under Section 4 of this Agreement (other than the Accrued Obligations), the Executive (or, in the case of the Executive’s death, the Executive’s heirs, executors, administrators or other legal representatives) must first execute and deliver to the Company a release, substantially in the form attached hereto as Attachment A, containing certain restrictive covenants and releasing the Company, its officers, directors, employees and agents from any and all claims and from any and all causes of action of any kind or character that the Executive may have arising out of the Executive’s employment with the Company or the termination of such employment.

Mandatory Release. As a condition to the receipt of any benefit under Section 4 of this Agreement (other than the Accrued Obligations)Agreement, the Executive (or, in the case of the Executive’s death, the Executive’s heirs, executors, administrators or other legal representatives) must first execute and deliver to the Company a release, substantially in the form attached hereto as Attachment AB, containing certain restrictive covenants and releasing the Company, its officers, directors, employees and agents from any and all claims and from any and all causes of action of any kind or character that the Executive may have arising out of the Executive’s employment with the Company or the termination of such employment.