Common use of Release of the Company Clause in Contracts

Release of the Company. The Executive acknowledges that, if the Executive’s employment is terminated in connection with the Change in Control on or prior to the Change in Control Date, as a condition to the Company’s payment to the Executive of the Change in Control Payment, the Executive shall execute and deliver to the Company a release in the form of Exhibit B attached hereto (the “Release”) releasing the Company and certain other persons and entities associated with the Company from all claims except for those specifically excluded in the Release.

Appears in 7 contracts

Samples: Change in Control Agreement (LNR Property Corp), Change in Control Agreement (LNR Property Corp), Change in Control Agreement (LNR Property Corp)

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