Requirement of Release. Notwithstanding anything in this Agreement to the contrary, the Employee will not be entitled to the Severance Payments unless, within 45 days after the Date of Termination, the Employee signs and returns a release of claims and restrictive covenant agreement (“Release”) in the form attached to this Agreement as Exhibit A (and does not subsequently revoke the Release in accordance with its terms). If the Release does not become effective and non-revocable in accordance with the terms of the foregoing sentence, the Company’s obligations to provide Severance Payments will cease immediately.
Appears in 5 contracts
Samples: Change in Control Severance Agreement, Change in Control Severance Agreement (Kapstone Paper & Packaging Corp), Change in Control Severance Agreement (Kapstone Paper & Packaging Corp)
