Severance and Release Agreement Sample Clauses

Severance and Release Agreement. The Employee's right to the severance payments under this Agreement shall be conditioned upon the Employee's execution and delivery of a release agreement in a form satisfactory to the Company, which is not revoked by the Employee.
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Severance and Release Agreement. The severance payments contemplated under this Section 6 are sometimes referred to in this Agreement as “Severance Payments.” Notwithstanding anything in this Agreement to the contrary, Employer shall have no obligation to make any Severance Payments unless Executive shall sign and deliver to Employer prior to a Change in Control or within thirty (30) days of termination, as the case may be, a Severance and Release Agreement, as completed by Employer at time of termination, in substantially the form attached hereto as Exhibit A, and provided that such Severance and Release Agreement becomes effective and irrevocable no later than the date of the Change in Control or sixty (60) days following termination, as applicable (the “Release Deadline”). If the Severance and Release Agreement does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to the Severance Payments.
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Severance and Release Agreement. The severance payments contemplated under this Section 6 are sometimes referred to in this Agreement as “Severance Payments.” Notwithstanding anything in this Agreement to the contrary, Bancorp shall have no obligation to make any Severance Payments unless Executive shall sign and deliver to Bancorp within thirty (30)] days of termination a Severance and Release Agreement, as completed by Bancorp at time of termination, in substantially the form attached hereto as Exhibit A, and provided that such Severance and Release Agreement becomes effective and irrevocable no later than thirty (30) days following termination (the “Release Deadline”). If the Severance and Release Agreement does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to the Severance Payments.
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Severance and Release Agreement. NOTICE: YOU SHOULD THOROUGHLY REVIEW AND UNDERSTAND THE TERMS, CONDITIONS AND EFFECT OF THIS SEVERANCE AND RELEASE AGREEMENT. THEREFORE, PLEASE CONSIDER IT FOR UP TO FORTY-FIVE (45) CALENDAR DAYS BEFORE SIGNING IT. YOU ARE ADVISED TO CONSULT WITH AN ATTORNEY BEFORE YOU SIGN IT. In consideration of the monies and other consideration to be received by me as described in the Memorandum of Agreement, dated June 9, 2020, between Vassar College and Communications Workers of America, AFL-CIO-CLC and incorporated by reference in this Agreement, I hereby irrevocably and unconditionally release, waive and forever discharge VASSAR COLLEGE, its assigns, directors, officers, employees, representatives, agents and attorneys (hereinafter referred to collectively as “the College ”) from any and all claims, agreements, causes of action, demands, rights and entitlements I may have, or liabilities of any nature whatsoever (collectively referred to as “claims”) arising, occurring or existing at any time prior to the signing of this General Release, whether known or unknown.
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Severance and Release Agreement. As a condition of receiving the above benefits, you agree to execute on or near the Separation Date, a Severance and Release Agreement substantially in the form attached. Integration. While we will honor our commitments to you under this Agreement in good faith, nothing in this Transition and Separation Agreement is intended to alter your at-will employment status at xxxxxxxxx.xxx. This Transition and Separation Agreement represents the entire understanding between you and the Company concerning the matters described herein, and supersedes all prior communications. It can only be modified expressly in a writing signed by both parties. On behalf of the Company, I wish to thank you for the many contributions you have made to xxxxxxxxx.xxx over the years. I also appreciate your willingness to enable the Company to effect an orderly transition. I look forward to continuing to work with you through the transition and wish you good luck in your future endeavors. Sincerely, xxxxxxxxx.xxx, inc. /s/ Xxxx X. Xxxxxx By: Xxxx X. Xxxxxx Title: President and CEO; Chairman of the Board Agreed to and accepted: /s/ Xxxxxx X. Xxxxxx By: Xxxxxx X. Xxxxxx Date: January 31, 2007 THIS SEVERANCE AND RELEASE AGREEMENT (the "Agreement") is entered into by Xxxxxx X. Xxxxxx (hereinafter referred to as "Employee") and xxxxxxxxx.xxx, its parent, affiliates, subsidiaries, officers, directors, and managers (hereinafter referred to as "xxxxxxxxx.xxx" or "Employer"). The effective date of this Agreement is .
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Severance and Release Agreement. In exchange for the promises and covenants contained herein, MathStar, Inc., a Delaware corporation (the “Company”), and Xxxxxxx X. Xxxx (“Employee”) hereby agree as follows:
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Severance and Release Agreement. The severance payments contemplated by Sections 6(d)(ii), 6(e)(i) and 6(f) are sometimes referred to in this Agreement as “Severance Payments.” Notwithstanding anything in this Agreement to the contrary, Bank shall have no 0000000.2 obligation to make any Severance Payments unless Executive shall sign and deliver to Bank within thirty (30) days of termination a Severance and Release Agreement, as completed by Bank at time of termination, in substantially the form attached hereto as Exhibit A.
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Severance and Release Agreement. This agreement shall not modify or affect the Severance and Release Agreement effective as of December 31, 2015 between the Client and IC.
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Related to Severance and Release Agreement

  • Waiver and Release TO INDUCE THE LENDER TO AGREE TO THE TERMS OF THIS AMENDMENT, EACH CREDIT OBLIGOR REPRESENTS AND WARRANTS THAT AS OF THE DATE HEREOF THERE ARE NO CLAIMS OR OFFSETS AGAINST OR RIGHTS OF RECOUPMENT WITH RESPECT TO OR DEFENSES OR COUNTERCLAIMS TO ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS AND IN ACCORDANCE THEREWITH IT: (a) WAIVES ANY AND ALL SUCH CLAIMS, OFFSETS, RIGHTS OF RECOUPMENT, DEFENSES OR COUNTERCLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE DATE HEREOF; AND (b) RELEASES AND DISCHARGES THE LENDER, ITS AFFILIATES AND ITS AND THEIR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SHAREHOLDERS AND ATTORNEYS (COLLECTIVELY THE “RELEASED PARTIES”) FROM ANY AND ALL OBLIGATIONS, INDEBTEDNESS, LIABILITIES, CLAIMS, RIGHTS, CAUSES OF ACTION OR DEMANDS WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, IN LAW OR EQUITY, WHICH THE BORROWER EVER HAD, NOW HAS, CLAIMS TO HAVE OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING PRIOR TO THE DATE HEREOF AND FROM OR IN CONNECTION WITH THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY.

  • Release of Claims Executive agrees that the foregoing consideration represents settlement in full of all outstanding obligations owed to Executive by the Company. Executive, on behalf of Executive, and Executive’s respective heirs, family members, executors and assigns, hereby fully and forever releases the Company and its past, present and future officers, agents, directors, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, parents, predecessor and successor corporations, and assigns, from, and agrees not to xxx or otherwise institute or cause to be instituted any legal or administrative proceedings concerning any claim, duty, obligation or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Executive may possess arising from any omissions, acts or facts that have occurred up until and including the Effective Date of this Agreement including, without limitation, (a) any and all claims relating to or arising from Executive’s employment relationship with the Company and the termination of that relationship; (b) any and all claims relating to, or arising from, Executive’s right to purchase, or actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; (c) any and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination; breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; and conversion; (d) any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and Retraining Notification Act, the California Fair Employment and Housing Act, and Labor Code section 201, et seq. and section 970, et seq. and all amendments to each such Act as well as the regulations issued under each such Act; (e) any and all claims for violation of the federal, or any state, constitution; (f) any and all claims arising out of any other laws and regulations relating to employment or employment discrimination; and (g) any and all claims for attorneys’ fees and costs. Executive agrees that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This release does not extend to any severance obligations due Executive under the Management Retention Agreement. Nothing in this Agreement waives Executive’s rights to indemnification or any payments under any fiduciary insurance policy, if any, provided by any act or agreement of the Company, state or federal law or policy of insurance.

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