Common use of Supplemental Release Clause in Contracts

Supplemental Release. Upon termination of the Consulting Agreement and subject to the Company’s satisfaction of all material obligations pursuant to this Agreement and the Consulting Agreement, Employee agrees to execute the Supplemental Release attached hereto as Exhibit B (“Supplemental Release”). Employee agrees that his failure to execute and return the Supplemental Release within five (5) business days of the termination of the Consulting Agreement shall entitle the Company to immediately recover and/or cease providing the consideration promised in the Consulting Agreement.

Appears in 1 contract

Samples: Separation Agreement and Release (Maxlinear Inc)

AutoNDA by SimpleDocs

Supplemental Release. Upon termination of the Consulting Agreement and subject to the Company’s satisfaction of all material obligations pursuant to this Agreement and the Consulting Agreement, Employee agrees to execute the Supplemental Release attached hereto as Exhibit B (“Supplemental Release”). Employee agrees that his failure to execute and return the Supplemental Release within five (5) business days of the termination of the Consulting Agreement shall entitle the Company to immediately recover and/or cease providing the consideration promised in the Consulting Agreement. Employee further agrees that he shall be responsible to the Company for all costs, attorneys’ fees, and any and all damages incurred by the Company in the bringing of any action to recover the consideration paid pursuant to the Consulting Agreement.

Appears in 1 contract

Samples: Separation Agreement and Release (Maxlinear Inc)

Supplemental Release. Upon termination of the Consulting Agreement and subject to the Company’s satisfaction of all material its obligations pursuant to under this Consulting Agreement and the Consulting Separation Agreement, Employee Consultant agrees to execute the Supplemental Release attached hereto as Exhibit B (“Supplemental Release”). Employee Consultant agrees that his failure to execute and return the Supplemental Release within five (5) business days of the termination of the Consulting Agreement shall entitle the Company to immediately recover and/or cease providing the consideration promised in the Consulting AgreementAgreement and Consultant will not be entitled to receive any additional payments or benefits under this Consulting Agreement (including the Additional Benefit).

Appears in 1 contract

Samples: Separation Agreement and Release (Maxlinear Inc)

AutoNDA by SimpleDocs

Supplemental Release. Upon termination of the Consulting Agreement and subject to the Company’s satisfaction of all material obligations pursuant to this Agreement and the Consulting Agreement, Employee agrees to execute the Supplemental Release attached hereto as Exhibit B (“Supplemental Release”). Employee agrees that his failure to execute executive and return the Supplemental Release within five (5) business days of the termination of the Consulting Agreement shall entitle the Company to immediately recover and/or cease providing the consideration promised in the Consulting Agreement. Employee further agrees that he shall be responsible to the Company for all costs, attorneys’ fees, and any and all damages incurred by the Company in the bringing of any action to recover the consideration paid pursuant to the Consulting Agreement.

Appears in 1 contract

Samples: Separation Agreement and Release (Maxlinear Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!