Common use of Tender of Release Clause in Contracts

Tender of Release. This Release is automatically tendered to the Executive upon the date of the termination of the Executive’s employment if the Executive is eligible for the Termination Benefits.

Appears in 5 contracts

Samples: Release of Claims (Chiasma, Inc), Release of Claims (Chiasma, Inc), Letter Agreement (Chiasma, Inc)

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Tender of Release. This Release is automatically tendered to the Executive upon the date of the termination of the Executive’s employment employment, if the Executive is eligible for severance benefits in connection with such termination under Section 4 of the Termination Benefits.Employment Agreement. In particular, provided the Executive complies with all obligations set forth in the Employment Agreement and pursuant to this Release, the Executive shall receive:

Appears in 5 contracts

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

Tender of Release. This Release is automatically tendered to the Executive upon the date Date of Termination of the Executive’s employment as a result of the termination of the Executive’s employment if in the Executive is eligible for the event of a Qualifying Termination BenefitsEvent.

Appears in 3 contracts

Samples: Executive Agreement, Separation Agreement and Release (Virtusa Corp), Executive Agreement (Virtusa Corp)

Tender of Release. This Release is automatically tendered to the Executive upon the date of the termination of the Executive’s employment employment, if the Executive is eligible for severance pay and benefits in connection with such termination under the Termination BenefitsEmployment Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Cano Health, Inc.), Employment Agreement (Cano Health, Inc.)

Tender of Release. This Release is automatically tendered to the Executive upon the date Date of Termination that occurs as a result of the Company’s termination of the Executive’s employment if without Cause or the Executive is eligible Executive’s resignation from his employment for the Termination BenefitsGood Reason.

Appears in 2 contracts

Samples: Employment Agreement (Centrexion Therapeutics Corp), Employment Agreement (Centrexion Therapeutics Corp)

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Tender of Release. This Release is automatically tendered to the Executive upon the date Date of the termination of the Executive’s employment Termination if the Executive is eligible for the Termination Benefits.

Appears in 1 contract

Samples: Chiasma, Inc

Tender of Release. This Release is automatically tendered to the Executive upon the date of the termination of the Executive’s employment employment, if the Executive is eligible for severance benefits in connection with such termination under Section 4 of the Termination BenefitsEmployment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Powered Brands)

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