Common use of Payment Timing & Release Requirement Clause in Contracts

Payment Timing & Release Requirement. Any obligation of the Company to make any payment or provide any benefit pursuant to Section 8(b) (other than the payment of Accrued Compensation and Benefits) is conditioned upon the Executive first executing and delivering to the Company a release in the form attached hereto as Exhibit A (the “Release”), within 45 days after the date of termination of employment, with all periods for revocation therein having expired.