Common use of Release Agreement Clause in Contracts

Release Agreement. As a condition of receiving any of the payments, vesting and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i)), the Executive shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A or Exhibit B, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 days following the termination date. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable law and may incorporate the required release agreement into a termination agreement or other agreement with the Executive.

Appears in 14 contracts

Samples: Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc)

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Release Agreement. As a condition of receiving any of the payments, vesting payments and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i))7, the Executive shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A or Exhibit B, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 days following the termination date. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable state law and may incorporate the required release agreement into a termination agreement or other agreement with the Executive.

Appears in 9 contracts

Samples: Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc)

Release Agreement. As a condition of receiving any of the payments, vesting payments and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i))7, the Executive shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A C or Exhibit BD, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 days following the termination dateterms. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable state law and may incorporate the required release agreement into a termination agreement or other agreement with the Executive.

Appears in 8 contracts

Samples: Release Agreement (Redwood Trust Inc), Release Agreement (Redwood Trust Inc), Release Agreement (Redwood Trust Inc)

Release Agreement. As a condition of receiving any of the payments, vesting payments and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i))7, the Executive shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A or Exhibit B, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 days following the termination dateterms. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable state law and may incorporate the required release agreement into a termination agreement or other agreement with the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc)

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Release Agreement. As a condition of receiving any of the payments, vesting and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i)), the Executive shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A or Exhibit B, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 days following the termination date. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable law and may incorporate the required release agreement into a termination agreement or other agreement with the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Redwood Trust Inc), Employment Agreement (Redwood Trust Inc)

Release Agreement. As a condition of receiving any of the payments, vesting and benefits set forth in this Section 7 (other than the payment provided for in sub-section 7(a)(i))7, the Executive Employee shall be required to execute a mutual release agreement in the form attached hereto as Exhibit A C or Exhibit BD, as appropriate, and such release agreement must have become effective in accordance with its terms within 60 sixty (60) days following the termination date. The Company, in its sole discretion, may modify the term of the required release agreement to comply with applicable state law and may incorporate the required release agreement into a termination agreement or other agreement with the ExecutiveEmployee.

Appears in 1 contract

Samples: Release Agreement (Redwood Trust Inc)

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