Common use of Release Agreement Clause in Contracts

Release Agreement. In order to receive the Severance Payments set forth in Section 4.1 or to receive the Enhanced Severance Payments set forth in Section 4.2 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided, that the Company shall endeavor to provide the Executive with the form of Release Agreement within three (3) days following the Termination Date. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution of such Release Agreement within twenty-one (21) days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 3 contracts

Sources: Employment Agreement (CytoDyn Inc.), Employment Agreement (CytoDyn Inc.), Employment Agreement (CytoDyn Inc.)

Release Agreement. In order to receive the Severance Payments payments and benefits set forth in Section 4.1 or 11.2 (collectively referred to receive herein as the Enhanced Severance Payments set forth in Section 4.2 (as applicable, and, in each case, if eligiblePayments”), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided. If the Executive is eligible for Severance Payments pursuant to Section 11.2, that the Company shall endeavor will deliver the Release Agreement to provide the Executive with the form of Release Agreement within three seven (37) calendar days following the Termination Datedate of termination of employment. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution and delivery of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 3 contracts

Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Release Agreement. In order to receive the Severance Payments payments and benefits set forth in Section 4.1 or 11.2, as applicable (collectively referred to receive herein as the Enhanced Severance Payments set forth in Section 4.2 (as applicable, and, in each case, if eligiblePayments”), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided. If the Executive is eligible for Severance Payments pursuant to Section 11.2, that the Company shall endeavor will deliver the Release Agreement to provide the Executive with the form of Release Agreement within three seven (37) calendar days following the Termination Datedate of termination of employment. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution and delivery of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 3 contracts

Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Release Agreement. In order to receive the Severance Payments set forth in Section 4.1 or to receive the Enhanced Severance Payments set forth in Section 4.2 4.3 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided, that the Company shall endeavor to provide provides the Executive with the form of Release Agreement within three (3) 3 days following the Termination Date. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 3 contracts

Sources: Employment Agreement (CytoDyn Inc.), Employment Agreement (Cytodyn Inc), Employment Agreement (Cytodyn Inc)

Release Agreement. In order to receive the Severance Payments set forth in Section 4.1 or to receive the Enhanced Severance Payments Payment set forth in Section 4.2 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided, that the Company shall endeavor to provide the Executive with the form of Release Agreement within three (3) days following the Termination Date. The Severance Payments or the Enhanced Severance PaymentsPayment, as applicable, are subject to the Executive’s execution of such Release Agreement within twenty-one (21) 21 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 1 contract

Sources: Employment Agreement (CytoDyn Inc.)

Release Agreement. In order to receive the Severance Payments set forth in Section 4.1 or to receive the Enhanced Severance Payments set forth in Section 4.2 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided, that the Company shall endeavor to provide the Executive with the form of Release Agreement within three (3) 3 days following the Termination Date. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 1 contract

Sources: Employment Agreement (CytoDyn Inc.)

Release Agreement. In order to receive the Severance Payments set forth in Section 4.1 or to receive the Enhanced Severance Payments set forth in Section 4.2 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided, that the Company shall endeavor to provide the Executive with the form of Release Agreement within three (3) 3 days following the Termination Date. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 1 contract

Sources: Employment Agreement (CytoDyn Inc.)

Release Agreement. In order to receive the Severance Payments set forth in Section 4.1 or to receive the Enhanced Severance Payments Payment set forth in Section 4.2 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided, that the Company shall endeavor to provide the Executive with the form of Release Agreement within three (3) days following the Termination Date. The Severance Payments or the Enhanced Severance PaymentsPayment, as applicable, are subject to the Executive’s execution of such Release Agreement within twenty-one (21) days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 1 contract

Sources: Employment Agreement (CytoDyn Inc.)

Release Agreement. In order to receive the Severance Payments payments and benefits set forth in Section 4.1 or 12.4 (collectively referred to receive herein as the Enhanced Severance Payments set forth in Section 4.2 (as applicable, and, in each case, if eligiblePayments”), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided. If the Executive is eligible for Severance Payments pursuant to Section 12.4, that the Company shall endeavor will deliver the Release Agreement to provide the Executive with the form of Release Agreement within three seven (37) calendar days following the Termination Datedate of termination of employment. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution and delivery of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 1 contract

Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Release Agreement. In order to receive the Severance Payments payments and benefits set forth in Section 4.1 or to receive the Enhanced Severance Payments set forth in Section 4.2 (11.4, as applicable, and, in each case, if eligible(collectively referred to herein as the “Severance Payments”), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion; provided. If the Executive is eligible for Severance Payments pursuant to Section 11.4, that the Company shall endeavor will deliver the Release Agreement to provide the Executive with the form of Release Agreement within three seven (37) calendar days following the Termination Datedate of termination of employment. The Severance Payments or the Enhanced Severance Payments, as applicable, are subject to the Executive’s execution and delivery of such Release Agreement within twenty-one (21) 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement, if applicable.

Appears in 1 contract

Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)