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: Executive Employment Agreement (Chiasma, Inc), Executive Employment Agreement (Chiasma, Inc), Executive Employment Agreement (Chiasma, Inc)

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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, Executive Agreement (Virtusa Corp), Executive Agreement (Virtusa Corp)

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: Executive Employment Agreement (Centrexion Therapeutics Corp), Executive Employment Agreement (Centrexion Therapeutics 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.)

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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: Executive Employment Letter (Chiasma, Inc)

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