Common use of Release of Claims Requirement Clause in Contracts

Release of Claims Requirement. As a condition of receiving severance pay and benefits pursuant to this Article 3, at the time of termination and within twenty-one (21) days of Company delivering the release of claims to Executive, Executive shall enter into and not revoke a release of all claims against the Company substantially in the form attached hereto as Exhibit A updated to reflect such changes in the law as Company may deem necessary or advisable.

Release of Claims Requirement. As a condition of receiving severance pay and benefits pursuant to this Article 3, at the time of termination and within twenty-one (21) days of Company delivering the release of claims to Executive, Executive shall enter into and not revoke a release of all claims against the Company substantially in the form attached hereto as Exhibit A updated to reflect such changes in the law as Company may deem necessary or advisable. The Company shall deliver the release of claims to Executive within 30 days after termination.