Common use of Release and Full Settlement Clause in Contracts

Release and Full Settlement. Anything to the contrary herein notwithstanding, as a condition to the receipt of any portion of the Severance Amount, Executive shall execute a release, in the form established by the Board, releasing the Board, Company, and Company’s parent corporation, subsidiaries, affiliates, and their respective shareholders, partners, officers, directors, employees, attorneys and agents from any and all claims and from any and all causes of action of any kind or character including, but not limited to, all claims or causes of action arising out of Executive’s employment with Company or its affiliates or the termination of such employment, but excluding all claims to vested benefits and payments Executive may have under any compensation or benefit plan, program or arrangement, including this Agreement. Executive shall provide such release to Company no later than 50 days after the Termination Date and, as a condition to Company’s obligation to pay all or any portion of the Severance Amount, Executive shall not revoke such release. The performance of Company’s obligations hereunder shall constitute full settlement of all such claims and causes of action.

Release and Full Settlement. Anything to the contrary herein notwithstanding, as a condition to the receipt of any portion of the Severance Amount, Executive shall execute a release, in the form established by the Board, releasing the Board, Company, and Company’s parent corporation, subsidiaries, affiliates, and their respective shareholdersequityholders, partners, officers, directors, employees, attorneys and agents from any and all claims and from any and all causes of action of any kind or character including, but not limited to, all claims or causes of action arising out of Executive’s employment with Company or its affiliates or the termination of such employment, but excluding all claims to vested benefits and payments Executive may have under any compensation or benefit plan, program or arrangement, including this Agreement. Executive shall provide such release to Company no later than 50 days after the Termination Date and, as a condition to Company’s obligation to pay all or any portion of the Severance Amount, Executive shall not revoke such release. The performance of Company’s obligations hereunder shall constitute full settlement of all such claims and causes of action.