Common use of Payments Contingent on Release Clause in Contracts

Payments Contingent on Release. The Company’s obligation to make any payments of base salary or bonus under this Section 7 (other than wages for services performed prior to the Termination Date) shall be contingent upon the Executive executing a general release concerning the Executive’s employment in form and substance reasonably acceptable to the Company and the Executive, within 45 days following the Termination Date. No such contingency shall apply to any obligation to provide benefits under this Section 7.

Appears in 5 contracts

Samples: Employment Agreement (Archipelago Learning, Inc.), Employment Agreement (Archipelago Learning, Inc.), Employment Agreement (Archipelago Learning, Inc.)

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Payments Contingent on Release. The Company’s obligation to make any payments of base salary or bonus under this Section 7 (other than wages for services performed prior to the Termination Date) shall be contingent upon the Executive executing a general release concerning the Executive’s employment in form and substance reasonably acceptable to the Company and the Executive, within 45 days following the Termination Date. No such contingency shall apply to any obligation to provide benefits under this Section 7. 8. Except as expressly amended by this Amendment, the Employment Agreement shall continue in full force and effect in accordance with the provisions thereof.

Appears in 2 contracts

Samples: Employment Agreement (Archipelago Learning, Inc.), Employment Agreement (Archipelago Learning, Inc.)

Payments Contingent on Release. The Company’s obligation to make any payments of base salary or bonus under this Section 7 (other than wages for services performed prior to the Termination Date) shall be contingent upon the Executive executing a general release concerning the Executive’s employment in form and substance reasonably acceptable to the Company and the Executive, within 45 days following the Termination Date. No such contingency shall apply to any obligation to provide benefits under this Section 7. 8. Except as expressly amended by this Amendment, the Employment Agreement shall continue in full force and effect in accordance with the provisions thereof.

Appears in 2 contracts

Samples: Employment Agreement (Archipelago Learning, Inc.), Employment Agreement (Archipelago Learning, Inc.)

Payments Contingent on Release. The Company’s obligation to make any payments of base salary or bonus continuation under this Section 7 (other than wages for services performed prior to the Termination Date) shall be contingent upon the Executive executing a general release concerning the Executive’s employment in form and substance reasonably acceptable to the Company and the Executive, within 45 days following the Termination Date. No such contingency shall apply to any obligation to provide benefits under this Section 7.

Appears in 1 contract

Samples: Employment Agreement (Archipelago Learning, Inc.)

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Payments Contingent on Release. The Company’s obligation to make any payments of base salary Base Salary or bonus under this Section 7 8 (other than wages for services performed prior to the Termination Date) shall be contingent upon the Executive executing a general release concerning the Executive’s employment in form and substance reasonably acceptable to the Company and the Executive, within 45 days following the Termination Date. No such contingency shall apply to any obligation to provide benefits under this Section 8. 7. Except as expressly amended by this Amendment, the Employment Agreement shall continue in full force and effect in accordance with the provisions thereof.

Appears in 1 contract

Samples: Employment Agreement (Archipelago Learning, Inc.)

Payments Contingent on Release. The Company’s obligation to make any payments of base salary Base Salary or bonus under this Section 7 8 (other than wages for services performed prior to the Termination Date) shall be contingent upon the Executive executing a general release concerning the Executive’s employment in form and substance reasonably acceptable to the Company and the Executive, within 45 days following the Termination Date. No such contingency shall apply to any obligation to provide health and welfare benefits under this Section 78.

Appears in 1 contract

Samples: Employment Agreement (Archipelago Learning, Inc.)

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