Common use of Release and Waiver of Claims Clause in Contracts

Release and Waiver of Claims. As further consideration for the benefits to be provided by the Company to the Executive under this Agreement, the Executive will be required to execute and deliver to the Company, by no later than the Initial Payment Date, a general release and waiver of all legal claims against the Company, any affiliated or related entity, and their representatives in a form satisfactory to the Company (the “Release”). No payments or benefits will be provided hereunder unless the Release is valid and fully effective and cannot be revoked as of the Initial Payment Date.

Appears in 6 contracts

Samples: Change in Control Agreement (Regenerx Biopharmaceuticals Inc), Change in Control Agreement (Regenerx Biopharmaceuticals Inc), Change in Control Agreement (Regenerx Biopharmaceuticals Inc)

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Release and Waiver of Claims. As further consideration for the benefits amounts to be provided paid by the Company to the Executive under this Agreement, the Executive will be required to execute and deliver to the Company, by no later than the Initial Payment Date, a general release and waiver of all legal claims against the Company, any affiliated or related entity, and their representatives in a form satisfactory to the Company (the “Release”). No payments or benefits will be provided hereunder unless the Release is valid and fully effective and cannot be revoked as of the Initial Payment Date.

Appears in 3 contracts

Samples: Change in Control Agreement (Regenerx Biopharmaceuticals Inc), Change in Control Agreement (Regenerx Biopharmaceuticals Inc), Change in Control Agreement (Regenerx Biopharmaceuticals Inc)

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Release and Waiver of Claims. As further consideration for the benefits amounts to be provided paid by the Company to the Executive under this Agreement, the Executive will be required to execute and deliver to the Company, by no later than the Initial Payment Date, and not revoke prior to the Payment Date, a general release and waiver of all legal claims against the Company, any affiliated or related entity, and their representatives in a form satisfactory to the Company (the “Release). No payments or benefits will be provided hereunder unless the Release is valid and fully effective and cannot be revoked as of the Initial Payment Date.benefits

Appears in 1 contract

Samples: Change in Control Agreement (NewtekOne, Inc.)

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