Common use of Release of Claims against the Company Clause in Contracts

Release of Claims against the Company. Notwithstanding the foregoing, no payment shall be made or benefit provided to Executive’s or Executive’s estate, as applicable, pursuant to Section 10(b) of the Agreement, other than the statutory amounts described in Section 10(c), unless Executive or a representative or agent of Executive’s estate, as applicable, signs and, if applicable, does not revoke a general release of all claims against the Company, and any related, affiliated, or associated persons and/or entities as the Company may designate or determine in its sole discretion, in such form as the Company may reasonably require (the “Release”). The Release must be signed by Executive or Executive’s estate, as applicable, and returned to the Company within the period designated by the Company, which shall not extend later than fifty (50) days after the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (BCAC Holdings, Inc.), Employment Agreement (BCAC Holdings, Inc.)

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Release of Claims against the Company. Notwithstanding the foregoing, no payment shall be made or benefit provided to Executive’s or Executive’s estate, as applicable, pursuant to Section 10(b9(b) of the Agreement, other than the statutory amounts described in Section 10(c), unless Executive or a representative or agent of Executive’s estate, as applicable, signs and, if applicable, does not revoke a general release of all claims against the Company, and any related, affiliated, or associated persons and/or entities as the Company may designate or determine in its sole discretion, in such form as the Company may reasonably require (the “Release”). The Release must be signed by Executive or Executive’s estate, as applicable, and returned to the Company within the period designated by the Company, which shall not extend later than fifty (50) days after the date of termination.

Appears in 1 contract

Samples: Employment Agreement (BCAC Holdings, Inc.)

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Release of Claims against the Company. Notwithstanding the foregoing, no payment shall be made or benefit provided to Executive’s or Executive’s estate, as applicable, pursuant to Section 10(b9(b) of the Agreement, other than the statutory amounts described in Section 10(c9(c), unless Executive or a representative or agent of Executive’s estate, as applicable, signs and, if applicable, does not revoke a general release of all claims against the Company, and any related, affiliated, or associated persons and/or entities as the Company may designate or determine in its sole discretion, in such form as the Company may reasonably require (the “Release”). The Release must be signed by Executive or Executive’s estate, as applicable, and returned to the Company within the period designated by the Company, which shall not extend later than fifty (50) days after the date of termination.

Appears in 1 contract

Samples: Services Agreement (BCAC Holdings, Inc.)

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