Common use of Payment Contingent on Release Clause in Contracts

Payment Contingent on Release. If Officer's Termination of Employment is prior to a Change in Control (and only in that event), and Officer is otherwise entitled to the payment provided in subsection (d)(2) of this Section, then such payment shall be subject to, and contingent upon, Officer's execution of a General Release Agreement in favor of the Company in substantially the form and substance as the one attached hereto as Schedule B.

Appears in 6 contracts

Samples: Resources Company Severance Agreement (Pioneer Natural Resources Co), Resources Company Severance Agreement (Pioneer Natural Resources Co), Resources Company Severance Agreement (Pioneer Natural Resources Co)

AutoNDA by SimpleDocs

Payment Contingent on Release. If Officer's Termination of Employment is prior to a Change in Control (and only in that event), and Officer is otherwise entitled to the payment provided in subsection (d)(2) of this Section, then such payment shall be subject to, and contingent upon, Officer's execution of a General Release Agreement in favor of the Company in substantially the form and substance as the one attached hereto as Schedule B.A.

Appears in 2 contracts

Samples: Resources Company Severance Agreement (Pioneer Natural Resources Co), Resources Company Severance Agreement (Pioneer Natural Resources Co)

Payment Contingent on Release. If Officer's Termination of Employment is prior to or more than one year after a Change in Control (and only in that event), and Officer is otherwise entitled to the payment provided in subsection (d)(2) of this Section, then such payment shall be subject to, to and contingent upon, upon Officer's execution of a General Release Agreement in favor of the Company in substantially the form and substance as the one of Schedule B attached hereto as Schedule B.hereto.

Appears in 1 contract

Samples: Executive Severance Agreement (Boss Holdings Inc)

AutoNDA by SimpleDocs

Payment Contingent on Release. If Officer's Termination of Employment is prior to after a Change in Control (and only in that event), and Officer is otherwise entitled to the payment payments provided in subsection (d)(21) of this SectionSection 5(e), then such payment shall be subject to, and contingent upon, Officer's execution of a General Release Agreement in favor of the Company in substantially the form and substance as the one attached hereto as Schedule B.

Appears in 1 contract

Samples: Executive Severance Agreement (Boss Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.