Termination and Release of Claims. Any payments to be made under this Agreement shall be contingent on Executive’s execution and non-revocation of a mutual release in a form acceptable to the Company and the Bank; provided, however, that if the Company or the Bank refuse to execute such mutual release, the Executive’s obligation to execute and not revoke the release as a precondition to receiving such severance benefits shall terminate. The mutual release agreement shall release the Company and the Bank from any and all claims and other actions by Executive and it shall also release the Executive from any and all claims and other actions by the Company and the Bank.
Appears in 9 contracts
Samples: Employment Agreement (Fairmount Bancorp, Inc.), Employment Agreement (Fairmount Bancorp, Inc.), Employment Agreement (Territorial Bancorp Inc.)
Termination and Release of Claims. Any payments to be made under this Agreement shall be contingent on Executive’s execution and non-revocation of a mutual release in a form acceptable to the Company and the Bank; provided, however, that if the Company or the Bank refuse to execute such mutual release, the Executive’s obligation to execute and not revoke the release as a precondition to receiving such severance benefits shall terminateEmployer. The mutual release agreement shall release the Company and the Bank Employer from any and all claims and other actions by Executive and it shall also release the Executive from any and all claims and other actions by the Company and the BankEmployer.
Appears in 5 contracts
Samples: Two Year Employment Agreement (Standard Financial Corp.), Two Year Employment Agreement (Standard Financial Corp.), Three Year Employment Agreement (Standard Financial Corp.)
Termination and Release of Claims. Any payments to be made under this Agreement shall be contingent on Executive’s 's execution and non-revocation of a mutual release in a form acceptable to the Company and the Bank; provided, however, that if the Company or the Bank refuse to execute such mutual release, the Executive’s 's obligation to execute and not revoke the release as a precondition to receiving such severance benefits shall terminate. The mutual release agreement shall release the Company and the Bank from any and all claims and other actions by Executive and it shall also release the Executive from any and all claims and other actions by the Company and the Bank.
Appears in 3 contracts
Samples: Employment Agreement (Territorial Bancorp Inc.), Employment Agreement (Territorial Bancorp Inc.), Employment Agreement (Territorial Bancorp Inc.)
Termination and Release of Claims. Any payments to be made under this Agreement shall be contingent on Executive’s execution and non-revocation of a mutual release in a form acceptable to the Company and the Bank; provided, however, that if the Company or the Bank refuse to execute such mutual release, the Executive’s obligation to execute and not revoke the release as a precondition to receiving such severance benefits shall terminate. The mutual release agreement shall release the Company and the Bank from any and all claims and other actions by Executive and it shall also release the Executive from any and all claims and other actions by the Company and the Bank.”
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