Release Required. Any amounts payable or benefits provided pursuant to this Agreement (other than amounts payable pursuant to Section 3(a) or Section 3(d) of this Agreement) shall only be payable if (a) the Executive executes and delivers to the Company (and does not revoke) a general release of claims of the Company in a form substantially similar to the form attached as Exhibit A hereto (the “Release”), and (b) such Release becomes irrevocable within fifty-five (55) days following the date of the Qualifying Termination.
Release Required. As a prior condition to Executive receiving any payment or benefit under Sections 4(a) and/or 4(b) of this Agreement, Executive shall execute a full release of known and unknown claims against the Company, its successors, affiliates, employees, agents, advisors and representatives, in a form designated by the Company.
Release Required. Any amounts payable pursuant to this Agreement (other than amounts payable pursuant to Section 3(a) or Section 3(d) of this Agreement) shall only be payable if (a) the Executive executes and delivers to the Company (and does not revoke) a general release of claims of the Company and its subsidiaries and affiliates and each of their respective officers, directors, shareholders, partners, managers, agents, employees and other related parties, from any claims and causes of action of any kind, including, but not limited to, claims and causes of actions arising out of the Executive’s employment or termination of employment, in form and substance reasonably acceptable to the Company, and (b) such release becomes irrevocable within fifty-five (55) days following the date of the Qualifying Termination.
Release Required. You will not be entitled to receive the payment set forth in Section 4.2(a) and, if applicable, Section 9, unless you execute, at least seven days before the date payment is due to be made, and do not revoke, a release in the form of Exhibit B in favor of the Company and related parties relating to all claims or liabilities of any kind relating to your employment with the Company and the Involuntary Termination of such employment.
Release Required. Employee understands that, notwithstanding any other provision of this Agreement, if Employee does not execute a mutually agreeable, fully enforceable release, Employee shall not be entitled to any severance payment of any kind following the termination of this Agreement or Employee’s employment for any reason.
Release Required. As a condition precedent to the receipt of any right, payment or benefit under Sections 5.3(a) or 5.4, Employee must execute and deliver to the Company a release, the form and substance of which are acceptable to the Company, and such release must become irrevocable, within 60 days following the effective date of termination of Employee’s employment. Any such right, payment or benefit that would otherwise be paid before such release becomes irrevocable will instead be delayed and paid to Employee in a lump sum within 15 days after such release becomes irrevocable (and the remaining payments will be made as otherwise scheduled in the ordinary course). Notwithstanding the foregoing, if the 60 day period immediately following the effective date of termination of Employee’s employment overlaps two calendar years, then any such right, payment or benefit that would otherwise be paid before the later of (i) the date such release becomes irrevocable, or (ii) the last day of the year in which such termination occurs (such later date, the “Applicable Date”) will instead be delayed and paid to Employee in a lump sum on the first regularly scheduled payroll date following the Applicable Date (and the remaining payments will be made as otherwise scheduled in the ordinary course). If the release has not become irrevocable within 60 days following the effective date of the termination of Employee’s employment, Employee will forfeit any right, payment or benefit otherwise due under Section 5.3(a) or 5.4, as applicable.
Release Required. You will be required to execute and return to the Company an irrevocable release substantially similar to the release in Exhibit B in favor of the Company in order to be entitled to receive any Option Period Payment, Severance Payment, CIC Severance Payment, or benefits described in Section 4 of this Agreement. Unless state or federal law require a longer period, the release must be executed within seven days of the date of termination. The release must be in favor of the Company and related parties relating to all claims or liabilities of any kind regarding your employment with the Company and the Involuntary Termination of such employment.
Release Required. As a condition to the Company's obligation to pay the payments and benefits pursuant to Article 2 hereof, Employee shall be required to comply with Article 4 hereof and to execute and not revoke within the revocation period provided therein, if applicable, a comprehensive release, covenant not to xxx, noncompetition, nonsolicitation, and non-disparagement agreement from Employee in favor of the Company, its executives, officers, directors, affiliates, and all related parties, in substantially the form as is attached as Exhibit A hereto, including such modifications as the Company may in its sole discretion require to cause such agreement to be enforceable.
Release Required. Notwithstanding any other provision to the contrary, as a condition to the payment of any Severance Amount or any other payments or benefits under this Section 6 (other than Accrued Obligations), the Executive must execute and deliver (without revoking during any applicable statutory revocation period) a waiver and release of claims related to his employment and termination of employment in favor of the Company and its Affiliates, as well as their employees, officers and directors, substantially in the form attached as Exhibit A hereto.
Release Required. Notwithstanding anything herein to the contrary, you agree that the provisions of Sections 6 and/or 7 above (as applicable) will not apply unless and until (i) you have executed a general release agreement in substantially the form of Exhibit "A" attached hereto of all known and unknown claims that you may then have against HNC and/or persons or entities affiliated with HNC due to your termination of employment or any Deemed Termination (the "RELEASE AGREEMENT") and (ii) you have agreed not to prosecute or bring any legal action or other proceeding based upon any of such claims. Upon your execution and delivery of such Release Agreement, HNC will enter into a Limited Release Agreement with you in the form of Exhibit "B" attached hereto.
