Common use of Release; Covenants Clause in Contracts

Release; Covenants. As a condition of obtaining benefits under this Agreement, Executive will be required to (a) within forty-five (45) days following Termination of Employment execute and deliver to Company a general release of claims against Company in such form as may be required by Company and (b) comply with the covenants set forth in this Article II. In the event that Executive fails to execute and deliver such general release within such forty-five-day period or revokes such general release (but only to the extent revocation is permitted under the terms of such general release), then Executive will forfeit all entitlement to any payment, benefit or other amount hereunder. Executive’s failure to comply with the covenants of this Article II will be governed by Section 2.7 and Article III.

Appears in 6 contracts

Samples: Employment Security Agreement (Zale Corp), Employment Security Agreement (Zale Corp), Employment Security Agreement (Zale Corp)

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Release; Covenants. As a condition of obtaining benefits under this Agreement, Executive will be required to (a) within forty-five (45) days following Termination of Employment execute and deliver to Company a general release of claims against Company in such form as may be required by Company and (b) comply with the covenants set forth in this Article II. In the event that Executive fails to execute and deliver such general release within such forty-five-day period or revokes such general release (but only to the extent revocation is permitted under the terms of such general release), then Executive will forfeit all entitlement to any payment, benefit or other amount hereunder. Executive’s 's failure to comply with the covenants of this Article II will be governed by Section 2.7 and Article III.

Appears in 1 contract

Samples: Employment Security Agreement (Zale Corp)

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