Common use of Separation Agreement and General Release Clause in Contracts

Separation Agreement and General Release. The Company’s obligation to make the Severance Payment or the Enhanced Severance Payment is conditioned on Executive’s or Executive’s legal representative’s executing a separation agreement and general release of claims related to or arising from Executive’s employment with the Company or the termination of employment, against the Company and its affiliates (and their respective officers and directors) in a form reasonably determined by the Company, which shall be provided by the Company to Executive within five (5) days following the Date of Termination; provided, that, if Executive should fail to execute (or revokes) such release within sixty (60) days following the Date of Termination, the Company shall not have any obligation to provide the Severance Payment or the Enhanced Severance Payment. If Executive executes the release within such sixty (60) day period and does not revoke the release within seven (7) days following the execution of the release, the Severance Payment or the Enhanced Severance Payment will be made in accordance with Section 4(a)(ii) or Section 4(b)(ii), as applicable.

Appears in 7 contracts

Samples: Employment Agreement, Employment Agreement (Warrior Met Coal, Inc.), Employment Agreement (Warrior Met Coal, LLC)

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Separation Agreement and General Release. The Company’s obligation to make provide the Severance Payment, the Enhanced Severance Payment or the Enhanced Severance Payment Prorated Bonus is conditioned on Executive’s or Executive’s legal representative’s executing a separation agreement and general release of claims related to or arising from Executive’s employment with the Company or the termination of employment, against the Company and its affiliates Group (and their respective officers and directors) in a form reasonably determined by the Company, which shall be provided by the Company to Executive within five (5) days following the Date of Termination; provided, that, if Executive should fail to execute (or revokes) such release within sixty (60) days following the Date of Termination, the Company shall not have any obligation to provide the Severance Payment, the Enhanced Severance Payment or the Enhanced Severance PaymentProrated Bonus. If Executive executes the release within such sixty (60) day period and does not revoke the release within seven (7) days following the execution of the release, the Severance Payment or Payment, the Enhanced Severance Payment or the Prorated Bonus will be made provided in accordance with Section 4(a)(ii), Section 4(a)(iii) or Section 4(b)(ii), as applicable.

Appears in 2 contracts

Samples: Employment Agreement (Warrior Met Coal, Inc.), Employment Agreement (Warrior Met Coal, Inc.)

Separation Agreement and General Release. The Company’s 's obligation to make the Severance Payment or the Enhanced Severance Payment is conditioned on Executive’s 's or Executive’s 's legal representative’s 's executing a separation agreement and general release of claims related to or arising from Executive’s 's employment with the Company or the termination of employment, against the Company and its affiliates (and their respective officers and directors) in a form reasonably determined by the Company, which shall be provided by the Company to Executive within five (5) days following the Date of Termination; provided, that, if Executive should fail to execute (or revokes) such release within sixty (60) days following the Date of Termination, the Company shall not have any obligation to provide the Severance Payment or the Enhanced Severance Payment. If Executive executes the release within such sixty (60) day period and does not revoke the release within seven (7) days following the execution of the release, the Severance Payment or the Enhanced Severance Payment will be made in accordance with Section 4(a)(ii) or Section 4(b)(ii), as applicable.

Appears in 1 contract

Samples: Employment Agreement (Warrior Met Coal, Inc.)

Separation Agreement and General Release. The Company’s obligation to make the Severance Payment or and the Enhanced Severance Insurance Payment is conditioned on Executive’s or Executive’s legal representative’s executing a separation agreement and general release of claims related to or arising from Executive’s employment with the Company or the termination of employment, against the Company and its affiliates (and their respective officers and directors) in a form reasonably determined by the Company, which shall be provided by the Company to Executive within five (5) days following the Date of Termination; provided, that, that if Executive should fail to execute (or revokes) such release within sixty (60) days following the Date of Termination, the Company shall not have any obligation to provide the Severance Payment or the Enhanced Severance Insurance Payment. If Executive executes the release within such sixty (60) day period and does not revoke the release within seven (7) days following the execution of the release, the Severance Payment or the Enhanced Severance and Insurance Payment will be made in accordance with Section 4(a)(ii) or Section 4(b)(ii4(a)(iii), as applicable.

Appears in 1 contract

Samples: Employment Agreement (Great Wolf Resorts, Inc.)

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Separation Agreement and General Release. The Company’s obligation to make the Severance Payment or the Enhanced Severance Payment is conditioned on Executive’s or Executive’s legal representative’s executing a separation agreement and general release of claims related to or arising from Executive’s employment with the Company or the termination of employment, against the Company and its affiliates (and their respective officers and directors) in a form reasonably determined by the Company, which shall be provided by the Company to Executive within five (5) days following the Date of Termination; provided, that, that if Executive should fail to execute (or revokes) such release within sixty (60) days following the Date of Termination, the Company shall not have any obligation to provide the Severance Payment or the Enhanced Severance Payment. If Executive executes the release within such sixty (60) day period and does not revoke the release within seven (7) days following the execution of the release, the Severance Payment or the Enhanced Severance Payment will be made in accordance with Section 4(a)(ii) or Section 4(b)(ii), as applicable.

Appears in 1 contract

Samples: Employment Agreement (Great Wolf Resorts, Inc.)

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