Common use of Release Effective Date Clause in Contracts

Release Effective Date. As set forth in paragraph 7(j) of the Employment Agreement, the payments and benefits set forth in Section 3 of this Separation Agreement are expressly conditioned upon (x) your execution and delivery to CBS of the general release attached hereto as Exhibit A and (y) such general release becoming effective and irrevocable in its entirety (i.e., the expiration of the seven (7) day revocation period), within sixty (60) days following the Separation Date (i.e., on or before December 31, 2018) (the “Release Effective Date”). If at the time within such 60-day period any cash severance payments are scheduled to be paid to you pursuant Section 3 of this Separation Agreement, and you have not executed the general release and/or it has not become effective and irrevocable in its entirety, then any such cash severance payments shall be held Xxx X. Xxxxxxxx September 21, 2018 and accumulated without interest and shall be paid to you on the first regular payroll date following the Release Effective Date. Similarly, vesting of any outstanding equity awards shall be suspended until the Release Effective Date. Your failure or refusal to timely sign and deliver the release or your revocation of an executed and delivered release in accordance with applicable laws, whether intentionally or unintentionally, will result in the forfeiture of the payments and benefits under Section 3 (also described in paragraph 7(b)(ii) of the Employment Agreement).

Release Effective Date. As set forth in paragraph 7(j) of the Employment Agreement, the payments and benefits set forth in Section 3 of this Separation Agreement are expressly conditioned upon (x) your execution on or after the Separation Date and delivery to CBS of the general release Release of Claims attached hereto as Exhibit A and (y) such general release Release of Claims becoming effective and irrevocable in its entirety (i.e., the expiration of the seven (7) day revocation period), within sixty (60) days following the Xxxxxxx X. Xxxxxxxx October 11, 2018 Separation Date (i.e., on or before December 31, 2018) (the “Release Effective Date”). If at the any time within during such 60-day period any cash severance payments are scheduled to be paid to you pursuant to Section 3 of this Separation Agreement3, and you have not executed the general release Release of Claims and/or it has not become effective and irrevocable in its entirety, then any such cash severance payments shall be held Xxx X. Xxxxxxxx September 21, 2018 and accumulated without interest and shall be paid to you on the first regular payroll date following the Release Effective Date. Similarly, vesting of any outstanding equity awards shall be suspended until the Release Effective Date. Your failure or refusal to timely sign and deliver the release Release of Claims or your revocation of an executed and delivered release Release of Claims in accordance with applicable laws, whether intentionally or unintentionally, will result in the forfeiture of the payments and benefits under Section 3 (also described in paragraph 7(b)(ii) of the Employment Agreement)3.

Release Effective Date. As set forth in paragraph Paragraph 7(j) of the Employment Agreement, the payments and benefits set forth described in Section 3 of this Separation Agreement 4 are expressly conditioned upon (x) your execution following (but not before) the Separation Date and delivery to CBS of the general release attached hereto as Exhibit A Release of Claims and (y) such general release Release of Claims becoming effective and irrevocable in its entirety (i.e., the expiration of the seven (7) day revocation period), within sixty (60) days following the Separation Date (i.e., on or before December 31May 14, 20182019) (the “Release Effective Date”). If at the any time within during such 60-day period any cash severance payments are scheduled to be paid to you pursuant to Section 3 of this Separation Agreement4, and you have not executed the general release Release of Claims and/or it has not become effective and irrevocable in its entirety, then any such cash severance payments shall be held Xxx X. Xxxxxxxx September 21, 2018 and accumulated without interest and shall be paid to you on the first regular payroll date following the Release Xxxxxxxx X. Tu February 22, 2019 Effective Date. Similarly, vesting of any outstanding equity awards shall be suspended until the Release Effective Date. Your failure or refusal to timely sign and deliver the release Release of Claims or your revocation of an executed and delivered release Release of Claims in accordance with applicable laws, whether intentionally or unintentionally, will result in the forfeiture of the payments and benefits under Section 3 (also described in paragraph 7(b)(ii) of the Employment Agreement)4.