Common use of Requirement for a Release Clause in Contracts

Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits shall (1) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 and 11 hereof, and (2) be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group and the expiration of any revocation period provided for in such release.

Appears in 84 contracts

Samples: Employment Agreement (ZKH Group LTD), Employment Agreement (PS International Group Ltd.), Employment Agreement (APRINOIA Therapeutics Inc.)

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Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits shall (1) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 9, and 11 hereof, and (2) be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group and the expiration of any revocation period provided for in such release.

Appears in 8 contracts

Samples: Employment Agreement (NIP Group Inc.), Employment Agreement (Super Hi International Holding Ltd.), Employment Agreement (Hesai Group)

Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits shall (1a) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 and 11 hereofthis Agreement, and (2b) be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group and the expiration of any revocation period provided for in such release.

Appears in 3 contracts

Samples: Executive Employment Agreement (Trident Digital Tech Holdings Ltd.), Executive Employment Agreement (Lixiang Education Holding Co . LTD), Executive Employment Agreement (SAMOYED HOLDING LTD)

Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits shall (1i) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 9, and 11 hereof, and (2ii) be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group and the expiration of any revocation period provided for in such release.

Appears in 1 contract

Samples: Employment Agreement (Trip.com Group LTD)

Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits shall (1) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 and 11 hereof, . The Company’s obligation to make any severance payment that may be agreed between the Company and the Executive pursuant to subsection (2h)(2) of this Section 7 shall be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group and the expiration of any revocation period provided for in such release.

Appears in 1 contract

Samples: Form of Employment Agreement (Huami Corp)

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Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits benefits, other than as required by Section 9(d), shall (1) cease as of the date the Executive breaches any of the provisions of Sections 8Section 12, 9 and 11 hereofother than the first monthly payment due under Section 9(b)(iii), which the Executive acknowledges is adequate consideration for the general release provided pursuant to clause (2) of this sentence; and (2) be conditioned on the Executive signing the Company’s customary a general release of claims in favor of the Group Company and its affiliates, which is satisfactory to the Company, and the expiration of any revocation period provided for in such release.

Appears in 1 contract

Samples: Employment Agreement (Delphi Corp)

Requirement for a Release. Notwithstanding the foregoing, the Company’s obligations to pay or provide any benefits benefits, other than as required by Section 9(d), shall (1) cease as of the date the Executive breaches any of the provisions of Sections 8, 9 and 11 hereof, Section 13 and (2) be conditioned on the Executive signing the Company’s customary release of claims in favor of the Group Company and the expiration of any revocation period provided for in such release.

Appears in 1 contract

Samples: Employment Agreement (Delphi Corp)

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