Common use of Payments Contingent on Release Clause in Contracts

Payments Contingent on Release. The Company’s obligation to make any payments of salary or bonus under this Section 7 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. No such contingency shall apply to any obligation to provide benefits under this Section 7.

Appears in 3 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 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. No such contingency shall apply to any obligation to provide benefits under this Section 78.

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 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. 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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