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 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 shall forfeit any right to severance payments or benefits under this Agreement. In no event 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)

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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 substantially the a form reasonably 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 shall will forfeit any right to severance payments or benefits under this Agreement. In no event shall 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 (the “Severance Benefits”) is subject to Executive signing and not revoking a the Company’s then-standard separation agreement and release of claims in 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 DeadlineDeadline Date”). If the Release does not become effective and irrevocable by the Release DeadlineDeadline Date, Executive shall will forfeit any right to severance payments or benefits under this Agreementthe Severance Benefits. In no event shall severance payments or benefits will Severance Benefits be paid or provided provided, or in the case of installments, commence, until the Release actually becomes effective and irrevocable.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (A10 Networks, Inc.), Change in Control and Severance Agreement (A10 Networks, 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 substantially the a 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 shall will forfeit any right to severance payments or benefits under this Agreement. In no event shall 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 pursuant to this Agreement is subject to Executive Employee signing and not revoking a separation agreement and release of claims in substantially the form reasonably 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 ExecutiveEmployee’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive Employee shall forfeit any right to severance payments or benefits under this Agreement. In no event shall severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable.

Appears in 2 contracts

Samples: Involuntary Termination Severance Agreement (Fusion-Io, Inc.), Involuntary Termination Severance Agreement (Fusion-Io, 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 substantially the form reasonably 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 shall will forfeit any right to severance payments or benefits under this Agreement. In no event shall 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 Severance Agreement (Nlight, 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 substantially the on a reasonable and customary 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 shall will forfeit any right to severance payments or benefits under this Agreement. In no event shall 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 (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 substantially the form reasonably 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 shall will forfeit any right to severance payments or benefits under this Agreement. In no event shall 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 (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 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 DeadlineDeadline Date”). If the Release does not become effective and irrevocable by the Release DeadlineDeadline Date, Executive shall will forfeit any right to severance payments or benefits under this Agreement. In no event shall 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)

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