Common use of Release of Claims Agreement Clause in Contracts

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a form acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 12 contracts

Samples: Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Isilon Systems, Inc.)

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Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a substantially the form reasonably acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will shall forfeit any right to severance payments or benefits under this Agreement. In no event will shall severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 8 contracts

Samples: Executive Employment Agreement (Homeaway Inc), Executive Employment Agreement (Homeaway Inc), Executive Employment Agreement (Homeaway Inc)

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a the form acceptable to the Company attached hereto as Exhibit A (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 2 contracts

Samples: Agreement (Realnetworks Inc), Change in Control and Severance Agreement (Realnetworks Inc)

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a form acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following the termination of Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (INFINERA Corp), Change of Control Severance Agreement (INFINERA Corp)

Release of Claims Agreement. The receipt of any severance payments or benefits (other than any Accrued Compensation) pursuant to this Agreement is subject to Executive signing and not revoking a the Company’s then-standard separation agreement and release of claims in a form acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release DeadlineDeadline Date”). If the Release does not become effective and irrevocable by the Release DeadlineDeadline Date, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Cyan Inc)

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a the form acceptable to the Company attached hereto as Exhibit A (the “Release”), which must become effective and irrevocable no later than the sixtieth thirtieth (60th30th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 1 contract

Samples: Change in Control Agreement (Pmi Group Inc)

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a standard separation agreement and release of claims in a form acceptable to with the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 1 contract

Samples: Control Severance Agreement (Nlight, Inc.)

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Release of Claims Agreement. The receipt of any severance payments or benefits (other than the Accrued Compensation) pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a substantially the form acceptable to the Company attached hereto as Exhibit A (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (TopBuild Corp)

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in on a reasonable and customary form acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 1 contract

Samples: Retention Agreement (Nuance Communications, Inc.)

Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a form acceptable to the Company (the "Release" ), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s 's termination of employment (the "Release Deadline”)Deadline ") . If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this Agreement. In no event will severance payments payment s or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 1 contract

Samples: Separation Agreement and Release of Claims (Endocyte Inc)

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