Common use of Satisfaction of Claims Clause in Contracts

Satisfaction of Claims. Any payment or issuance or transfer of Shares to the Optionee (or the Optionee's legal representative, heir, legatee, or distributee) in accordance with this Agreement shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Committee may require any such person, as a condition precedent to such payment, issuance, or transfer, to execute a release and receipt in the form determined by the Committee.

Satisfaction of Claims. Any payment or any issuance or transfer of Common Shares to the Optionee (or Optionee, the Optionee's ’s legal representative, heir, legatee, legatee or distributee) , in accordance with this Agreement the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons person hereunder. The Committee may require any such personthe Optionee or the Optionee’s legal representative, heir, legatee or distributee, as a condition precedent to such payment, issuance, or transfer, to execute a release and receipt therefor in the such form determined by the Committeeas it shall determine.