Common use of Severance Conditioned on Release of Claims Clause in Contracts

Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Consulting Executive with any severance payment shall be addressed in further good faith negotiations and contingent upon Consulting Executive's execution of a satisfactory release of claims in favor of the Company.

Appears in 3 contracts

Samples: Employment Agreement (TechAlt, Inc.), Employment Agreement (TechAlt, Inc.), Employment Agreement (TechAlt, Inc.)

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Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Consulting Executive with any severance payment shall be addressed in further good faith negotiations and contingent upon Consulting Executive's execution of a satisfactory release of claims in favor of the Company.

Appears in 3 contracts

Samples: Employment Agreement (TechAlt, Inc.), Employment Agreement (TechAlt, Inc.), Employment Agreement (TechAlt, Inc.)

Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Consulting Executive with any severance payment shall be addressed in further good faith negotiations and contingent upon Consulting Executive's execution of a satisfactory release of claims in favor of the Company.

Appears in 1 contract

Samples: Employment Agreement (TechAlt, Inc.)

Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Consulting Consulting Executive with any severance payment shall be addressed in further good faith negotiations and contingent upon Consulting Consulting Executive's execution of a satisfactory release of claims in favor of the Company.

Appears in 1 contract

Samples: Employment Agreement (TechAlt, Inc.)

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Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Consulting Executive with any severance payment shall be addressed in further good faith negotiations and contingent upon Consulting Executive's execution of a satisfactory release of claims in favor of the Company.

Appears in 1 contract

Samples: Employment Agreement (TechAlt, Inc.)

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