Release Condition. Notwithstanding any other provision of this Agreement to the contrary, as a condition of the Company’s payment of the Severance Benefit, the Employee must (i) execute a general release agreement in favor of the Company and its affiliates in such form as is acceptable to the Company within the 60-day period following the Termination of Employment (but prior to the payment of the Severance Benefit) and (ii) not timely revoke the general release agreement during any revocation period ending prior to the 60-day period pursuant to the terms of the general release agreement.
Appears in 7 contracts
Samples: Change in Control Agreement (First Us Bancshares Inc), Change in Control Agreement (First Us Bancshares Inc), Change in Control Agreement (United Security Bancshares Inc)