Payments Conditioned on Release of Claims. Unless it otherwise elects to waive any such condition precedent, Company's obligation to provide Executive with either the Severance Payment or Change in Control Payment set forth in this Section 1.6 is contingent upon Executive's and Company's execution of that certain Form of Release, a copy of which is attached hereto and marked as Exhibit “C” (the “Release”). If Executive fails to sign the Release within twenty-one (21) days of receipt of notice of termination pursuant to Section 1.5, or subsequently rescinds the Release, Executive shall not be entitled to either the Severance Payments or Change in Control Payment.
Appears in 4 contracts
Samples: Senior Executive Employment Agreement (Collexis Holdings, Inc.), Senior Executive Employment Agreement (Collexis Holdings, Inc.), Senior Executive Employment Agreement (Collexis Holdings, Inc.)
