Common use of Release Required Clause in Contracts

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.

Appears in 14 contracts

Samples: Change in Control Agreement (Aceto Corp), Change in Control Agreement (Aceto Corp), Change in Control Agreement (Aceto Corp)

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Release Required. Any amounts payable or benefits provided pursuant to this Agreement (other than amounts payable pursuant to Section 3(a1(a) or Section 3(d1(e) 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 in form and substance satisfactory to the Company in a form substantially similar to the form attached as Exhibit A hereto its sole discretion (the “Release”), and (b) such Release becomes irrevocable within fifty-five sixty (5560) days following the date of the Qualifying Termination.

Appears in 3 contracts

Samples: Executive Severance Agreement (Altair Engineering Inc.), Executive Severance Agreement (Altair Engineering Inc.), Executive Severance Agreement (Altair Engineering Inc.)

Release Required. Any amounts payable or benefits provided pursuant to this Agreement (other than amounts payable pursuant to Section 3(a1(a) or Section 3(d1(f) 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 in form and substance satisfactory to the Company in a form substantially similar to the form attached as Exhibit A hereto its sole discretion (the “Release”), and (b) such Release becomes irrevocable within fifty-five sixty (5560) days following the date of the Qualifying Termination.

Appears in 1 contract

Samples: Executive Severance Agreement (Altair Engineering Inc.)

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Release Required. Any amounts payable or benefits provided pursuant to this Agreement (other than amounts payable pursuant to Section 3(al(a) or Section 3(dl(f) 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 in form and substance satisfactory to the Company in a form substantially similar to the form attached as Exhibit A hereto its sole discretion (the "Release"), and (b) such Release becomes irrevocable within fifty-five sixty (5560) days following the date of the Qualifying Termination.

Appears in 1 contract

Samples: Executive Severance Agreement (Altair Engineering Inc.)

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