Common use of Release Condition Clause in Contracts

Release Condition. The Company shall not be required to make the payments and provide the benefits specified in Section 4(a) unless the Executive executes and delivers to the Company an agreement releasing the Company, its affiliates and its officers, directors and employees from all liability (other than the payments and benefits under this Agreement) in the form attached hereto as Exhibit A (the “Release”). The Release shall be provided to the Executive no later than two (2) days after the Date of Termination, must be executed by the Executive and become effective and not be revoked by the Executive by the 55th day following the Date of Termination.

Appears in 6 contracts

Samples: Employment Agreement (Southern Union Co), Employment Agreement (Southern Union Co), Employment Agreement (Southern Union Co)

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