Common use of Release and Compliance with this Agreement Clause in Contracts

Release and Compliance with this Agreement. The obligation of the Company to pay any portion of the amounts due pursuant to Section 4, with the exception of Accrued Obligations and Accrued Incentives, shall be expressly conditioned on the Executive’s (1) execution (and, if applicable, non-revocation) of a full general release, releasing all claims, known or unknown, that the Executive may have against the Company, including those arising out of or in any way related to the Executive’s employment or termination of employment with the Company no later than the 60th day following the Date of Termination (such period, the “Release Consideration Period”) and (2) continued compliance with the requirements of Sections 7 and 8.

Appears in 12 contracts

Samples: Executive Employment Agreement (Midstates Petroleum Company, Inc.), Executive Employment Agreement (Midstates Petroleum Company, Inc.), Executive Employment Agreement (Midstates Petroleum Company, Inc.)

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Release and Compliance with this Agreement. The With the exception of the Accrued Obligations, the obligation of the Company to pay any portion of the amounts due pursuant to Section 4, with the exception 5(c) of Accrued Obligations and Accrued Incentives, shall be this Agreement is expressly conditioned on the Executive’s (1i) execution (and, if applicable, and non-revocation) revocation of a full general releaserelease substantially in the form attached as Exhibit A (the “Release”), releasing all claimswhich Release may be may be revised to reflect changes in applicable law, known or unknown, that the Executive may have against the Company, including those arising out of or in any way related to the Executive’s employment or termination of employment with the Company no later than the 60th day fifty (50) days following the Termination Date of Termination or such shorter period as may be set out in the Release (such period, the “Release Consideration Period”) and (2ii) continued Executive’s compliance with the requirements of Sections 7 6 and 87.

Appears in 4 contracts

Samples: Executive Employment Agreement (Eclipse Resources Corp), Executive Employment Agreement (Eclipse Resources Corp), Executive Employment Agreement (Eclipse Resources Corp)

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