Common use of Release Required Clause in Contracts

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.

Appears in 6 contracts

Samples: Executive Employment Agreement (Hercules Offshore, Inc.), Executive Employment Agreement (Hercules Offshore, Inc.), Executive Employment Agreement (Hercules Offshore, Inc.)

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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 her 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.

Appears in 1 contract

Samples: Executive Employment Agreement (Hercules Offshore, Inc.)

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