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

Release and Compliance with this Agreement. With the exception of the Accrued Obligations, the obligation of the Company to pay any portion of the amounts due pursuant to Section 5(c) of this Agreement is expressly conditioned on Executive’s (i) execution and non-revocation of a release substantially in the form attached as Exhibit A (the “Release”), which Release may be may be revised to reflect changes in applicable law, no later than fifty (50) days following the Termination Date or such shorter period as may be set out in the Release (such period, the “Release Consideration Period”) and (ii) Executive’s compliance with the requirements of Sections 6 and 7.

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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Release and Compliance with this Agreement. With the exception of the Accrued Obligations, the obligation of the Company to pay any portion of the amounts due pursuant to Section 5(c) of this Agreement is expressly conditioned on Executive’s (i) execution and non-revocation of a release substantially in the form attached as Exhibit A (the “Release”)A, which Release such release may be may be revised to reflect changes in applicable law, (the “Release”) no later than fifty (50) days following the Termination Date or such shorter period as may be set out in the Release (such period, the “Release Consideration Period”) and (ii) Executive’s compliance with the requirements of Sections 6 and 7.

Appears in 3 contracts

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

Release and Compliance with this Agreement. With the exception of the Accrued ObligationsObligations set forth in Section 2(a)(i), the obligation of the Company to pay any portion of the amounts due pursuant to Section 5(c2(a) of this Agreement is expressly conditioned on Executive’s (i) execution (on or within twenty-one (21) days following the Separation Date) and non-revocation of a the release substantially in the form attached as Exhibit A (the “Release”), which Release may be may be revised to reflect changes in applicable law, no later than fifty (50) days following the Termination Date or such shorter period as may be set out in the Release (such period, the “Release Consideration Period”) and (ii) Executive’s compliance with the requirements of Sections 6 3 and 75(a). As used herein, the “Release Effective Date” is the date on which the Release becomes irrevocable (as provided in Section 5 of the Release).

Appears in 2 contracts

Samples: Separation and Release Agreement (Eclipse Resources Corp), Separation and Release Agreement (Eclipse Resources Corp)

Release and Compliance with this Agreement. With the exception of the Accrued Obligations, the obligation of the Company to pay any portion of the amounts due pursuant to Section 5(c) of this Agreement is expressly conditioned on Executive’s ’s (i) execution and non-revocation of a release substantially in the form attached as Exhibit A (the “Release”)A, which Release such release may be may be revised to reflect changes in applicable law, (the “Release”) no later than fifty (50) days following the Termination Date or such shorter period as may be set out in the Release (such period, the “Release Consideration Period”) and (ii) Executive’s compliance with the requirements of Sections 6 and 7.

Appears in 1 contract

Samples: Executive Employment Agreement (Eclipse Resources Corp)

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Release and Compliance with this Agreement. With the exception of the Accrued ObligationsObligations set forth in Section 2(a)(i), the obligation of the Company to pay any portion of the amounts due pursuant to Section 5(c2(a) of this Agreement is expressly conditioned on Executive’s (i) execution (on or within twenty-one (21) days after the Separation Date) and non-revocation of a the release substantially in the form attached as Exhibit A (the “Release”), which Release may be may be revised to reflect changes in applicable law, no later than fifty (50) days following the Termination Date or such shorter period as may be set out in the Release (such period, the “Release Consideration Period”) and (ii) Executive’s compliance with the requirements of Sections 6 3 and 75(a). As used herein, the “Release Effective Date” is the date on which the Release becomes irrevocable (as provided in Section 5 of the Release).

Appears in 1 contract

Samples: Separation and Release Agreement (Eclipse Resources Corp)

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