Timing of Release. Whenever in this Agreement a payment or benefit is conditioned on the Executive’s execution of a release of claims and covenant not to xxx, the Company shall provide such release to the Executive promptly following the Termination Date, and such release and covenant not to xxx must be executed and all revocation periods shall have expired in accordance with terms set forth in the release, but in no case later than 60 days after the Termination Date; failing which such payment or benefit shall be forfeited. If such payment or benefit constitutes Non-Exempt Deferred Compensation, then, subject to subsection 7.3 above, such payment or benefit (including any installment payments) that would have otherwise been payable during such 60-day period shall be accumulated and paid on the 60th day after the Termination Date provided such release shall have been executed and such revocation periods shall have expired. If such payment or benefit is exempt from Code Section 409A, the Company may elect to make or commence payment at any time during such 60-day period.
Timing of Release. The receipt of any severance benefits pursuant to Section 6(a) will be subject to Executive signing and not revoking a standard release of claims agreement (the “Release”), and provided that such Release is effective within sixty (60) days following the termination of employment or such earlier period as required by the Release. To become effective, the Release must be executed by the Executive and any revocation periods (as required by statute, regulation, or otherwise) must have expired without the Executive having revoked the Release. In addition, no severance will be paid or provided until the Release actually becomes effective.
Timing of Release. The releases contemplated in this Article VII shall become effective on the Initial Payment Due Date. A failure by any Defendant to make any payment required by the Class Settlement Agreement or Individual Settlement Agreement, including any part of its Initial Defendant Payment, shall not affect the validity or enforceability of the Releases as to any Defendant or Releasee, including the defaulting Defendant. However, as noted herein, the Litigation Trustee shall have the right to pursue the remedies described in Section 7.7 against the defaulting Defendant.
Timing of Release. Notwithstanding anything in this Agreement to the contrary, if the sixty-day (60-day) consideration period set forth in Section 8(d) would span two calendar years, any payments specified as commencing within sixty (60) days of Executive’s termination of employment shall commence in the next calendar year, with the first payment to include all payments that would have been made but for the provisions of this Section 23(e).
Timing of Release. Project Collateral may be released upon completion of all improvements required by the Exhibits after initial approval by the County. Warranty Collateral shallbe withheld by County from and at the time of release of Project Collateral, or may be submitted separately by Property Owner. Warranty Collateral may be released upon the approval of the County at the end of the two-year warranty period. Road Maintenance Collateral may be withheld from and at the time of release of Warranty Collateral, or may be submitted separately by Property Owner.
Timing of Release. It is understood anx xxxxxx xhat should any dispute arise with respect to the payment and/or ownership or right of possession of the Escrow Shares, the Escrow Agent is authorized and directed to retain in its possession the Escrow Shares until either (i) the relevant Shareholder delivers instructions directing the application of the Escrow Shares (which refers to this Escrow Agreement) to each of the Escrow Agent, Celtic and the other Shareholder; provided, however, that if Celtic shall deliver to the Escrow Agent and the other Shareholder contrary instructions within ten (10) calendar days, then such original instructions shall be void; (ii) the relevant Shareholder and Celtic direct the application of such Shareholder's Escrow Shares by delivering a joint writing referring to this Escrow Agreement to that effect to the Escrow Agent; or (iii) the Escrow Agent shall receive a certified copy of an arbitrators award with respect to a claim on the relevant Escrow Shares. Upon receipt of such written direction from Celtic and the relevant Shareholder or not later than five days after receipt of such certified copy of an arbitrators award, the Escrow Agent shall take action with respect to the Escrow Shares as required by such direction or such award, as the case may be.
Timing of Release. The receipt of any severance pursuant to this Section 3 will be subject to the Executive signing an not revoking the Release and provided further that the Release becomes effective no later than sixty (60) days following termination of Executive’s employment. No severance will be paid or provided until the Release becomes effective.
Timing of Release. In a timeframe mutually agreed by the Parties, but not to exceed six months from the date of scanning, Google agrees to make each Successfully Processed Public Domain Work contained in the Escrow Deposit available for downloading by the applicable Source CIC University.
Timing of Release. The date that the release takes effect will depend on the actions taken by each Scheme Creditor under the Scheme. The release will take effect on the following dates:
1.3.1 where a Scheme Creditor does not submit a Claim Form, on the Bar Date;
1.3.2 where a Scheme Creditor submits a Claim Form:
(A) if a Scheme Creditor is entitled to redress:
(1) on the date falling 30 business days after a cheque is posted to a Scheme Creditor (unless such cheque is not honoured within 6 months of issue or a Scheme Creditor invokes the Dispute Resolution Procedure);
(2) where a Scheme Creditor invokes the Dispute Resolution Procedure and returns its cheque, the date:
(a) falling 5 business days after the Scheme Administrators issue a cheque to that Scheme Creditor following determination of the dispute; or
(b) on which the Scheme Adjudicator rejects the claim; or
(B) if a Scheme Creditor is not entitled to redress:
(1) on the Bar Date (unless a Scheme Creditor invokes the Dispute Resolution Procedure prior to the Bar Date);
(2) where a Scheme Creditor invokes the Dispute Resolution Procedure prior to the Bar Date:
(a) if the Scheme Administrators issue a cheque to that Scheme Creditor, on the date falling 5 business days after such cheque is issued; or
(b) if the Scheme Administrators determine that the Scheme Creditor is not entitled to receive redress, on the date falling 5 business days after the date on which the letter is sent informing the Scheme Creditor of this determination.
Timing of Release. The releases described in this Release Agreement shall become effective on the Initial Payment Due Date, after all Conditions, as that term is defined in the Individual Settlement Agreement, are satisfied. A failure by any Defendant to make any payment required by the Class Settlement Agreement or Individual Settlement Agreement, including any part of its Initial Defendant Aggregate Payment, shall not affect the validity or enforceability of the Releases as to any Defendant or Releasee, including the defaulting Defendant. However, as noted in the Individual Settlement Agreement, the Litigation Trustee shall have the right to pursue the remedies described in Section 7.7 of that agreement against the defaulting Defendant. Plaintiffs may not individually sue any Defendant for non-payment.
