Common use of Release Obligations Clause in Contracts

Release Obligations. The Company’s obligation to pay You the separation payments set forth in Section 3(d) shall be conditioned upon (a) Your execution, prior to the 60th day following Your date of termination, and compliance with a valid, binding and irrevocable Separation & Release Agreement in a form prepared by the Company in its sole and absolute discretion, which includes, but is not limited to, Your release of the Company and its officers, directors, employees, stockholders and affiliates from any and all liability and claims of any kind and Your confirmation of the Company’s right to continued performance by You of Your obligations under the Covenants Agreement (defined below) during the period following the termination of Your employment and (b) the expiration of any applicable revocation period during the 60-day period following Your date of termination without You revoking such Separation & Release Agreement.

Release Obligations. The Company’s obligation to pay You the separation payments set forth in Section 3(d2(d) shall be conditioned upon (a) Your execution, prior to the 60th day following Your date of termination, and compliance with a valid, binding and irrevocable Separation & Release Agreement in a form prepared by the Company in its sole and absolute discretion, which includes, but is not limited to, Your release of the Company and its officers, directors, employees, stockholders and affiliates from any and all liability and claims of any kind and Your confirmation of the Company’s right to continued performance by You of Your obligations under the Covenants Agreement (defined below) during the period following the termination of Your employment and (b) the expiration of any applicable revocation period during the 60-day period following Your date of termination without You revoking such Separation & Release Agreement.