Common use of Release of Employment Claims Clause in Contracts

Release of Employment Claims. Xx. Xxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x termination of employment. Xx. Xxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (A-Mark Precious Metals, Inc.), Employment Agreement (A-Mark Precious Metals, Inc.), Employment Agreement (A-Mark Precious Metals, Inc.)

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Release of Employment Claims. Xx. Xxxxxxx Xxxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x Xxxxxxxx'x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx Xxxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x Xxxxxxxx'x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x Xxxxxxxx'x termination of employment. Xx. Xxxxxxx Xxxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (A-Mark Precious Metals, Inc.)

Release of Employment Claims. Xx. Xxxxxxx XxXxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B C to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x XxXxxx’x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx XxXxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x XxXxxx’x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x XxXxxx’x termination of employment. Xx. Xxxxxxx XxXxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Group International, Inc.)

Release of Employment Claims. Xx. Xxxxxxx Xxxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x Xxxxxxxx'x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx Xxxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x Xxxxxxxx'x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x Xxxxxxxx'x termination of employment. Xx. Xxxxxxx Xxxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement. If that applicable payment date is determined based on the timing of delivery by Xx. Xxxxxxxx of the executed release, and if permitted variation in such timing of delivery could cause payments to be made in the tax year of termination or in the following tax year, then the payments so affected will in all cases be paid in that following tax year.

Appears in 1 contract

Samples: Employment Agreement (A-Mark Precious Metals, Inc.)

Release of Employment Claims. Xx. Xxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B D to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x termination of employment. Xx. Xxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (A-Mark Precious Metals, Inc.)

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Release of Employment Claims. Xx. Xxxxxxx Xxxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) ), that he will execute a general release agreement, in substantially the form set forth in Exhibit B C to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x Xxxxxxxx’x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx Xxxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x Xxxxxxxx’x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x Xxxxxxxx’x termination of employment. Xx. Xxxxxxx Xxxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (A-Mark Precious Metals, Inc.)

Release of Employment Claims. Xx. Xxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B C to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x Xxxxxxx’x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x Xxxxxxx’x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x Xxxxxxx’x termination of employment. Xx. Xxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Group International, Inc.)

Release of Employment Claims. Xx. Xxxxxxx agrees, as a condition to receipt of any termination payments and benefits provided for in Section 5 of this Agreement (other than compensation accrued and payable at the date of termination without regard to termination) that he will execute a general release agreement, in substantially the form set forth in Exhibit B C to this Agreement, releasing any and all claims arising out of Xx. Xxxxxxx'x employment other than enforcement of this Agreement and other than with respect to vested rights or rights provided for under any equity plan, any compensation plan or any benefit plan or arrangement of the Company or rights to indemnification under any agreement, law, Company organizational document or policy or otherwise. The Company will provide Xx. Xxxxxxx with a copy of such release simultaneously with delivery of the notice of termination, but not later than 21 days before (45 days before if Xx. Xxxxxxx'x termination is part of an exit incentive or other employment termination program offered to a group or class of employees) Xx. Xxxxxxx'x termination of employment. Xx. Xxxxxxx shall deliver the executed release to the Company eight days before the date applicable under Section 5 of this Agreement for the payment of the termination payments and benefits payable under Section 5 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Group International, Inc.)

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