Common use of Waiver and Release Agreement Clause in Contracts

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company within fifty (50) days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the “Release”). If Executive fails to execute and deliver the Release within fifty (50) days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.2. The timing of severance payments under clause (c) of Section 5.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 3 contracts

Samples: Employment Agreement (New Generation Biofuels Holdings, Inc), Employment Agreement (New Generation Biofuels Holdings, Inc), Employment Agreement (New Generation Biofuels Holdings, Inc)

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Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty thirty (5030) days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the “Release”). If Executive fails to execute and deliver the Release Agreement within fifty thirty (5030) days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2. The timing of severance payments under clause (cb) of Section 5.3.2 4.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 2 contracts

Samples: Employment Agreement (Wellcare Health Plans, Inc.), Employment Agreement (Wellcare Health Plans, Inc.)

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.24.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty (50) 30 days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the “Release”). If Executive fails to execute and deliver the Release Agreement within fifty (50) thirty 30 days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.24.3.2. The timing of severance payments under clause (b) and (c) of Section 5.3.2 4.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 1 contract

Samples: Employment Agreement (Wellcare Health Plans, Inc.)

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty (50) 30 days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the "Release"). If Executive fails to execute and deliver the Release Agreement within fifty (50) 30 days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2. The timing of severance payments under clause (cb) of Section 5.3.2 4.3.2 upon Executive’s 's execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the "Severance Payment Deadline"):

Appears in 1 contract

Samples: Employment Agreement (Wellcare Health Plans, Inc.)

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.24.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company within fifty (50) 30 days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the "Release"). If Executive fails to execute and deliver the Release Agreement within fifty (50) 30 days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.24.3.2. The timing of severance payments under clause (cb) of Section 5.3.2 4.3.2 upon Executive’s 's execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the "Severance Payment Deadline"):

Appears in 1 contract

Samples: Employment Agreement (Wellcare Health Plans, Inc.)

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.23.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty thirty (5030) days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the “Release”). If Executive fails to execute and deliver the Release Agreement within fifty thirty (5030) days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), (c) and (d) of Section 5.3.23.3.2. The timing of severance payments under clause (b) and (c) of Section 5.3.2 3.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 1 contract

Samples: Severance Agreement (Wellcare Health Plans, Inc.)

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Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty thirty (5030) days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date thedate (the “Release”). If Executive fails to execute and deliver the Release Agreement within fifty thirty (5030) days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2. The timing of severance payments under clause (cb) of Section 5.3.2 4.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 1 contract

Samples: Employment Agreement (Wellcare Health Plans, Inc.)

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty (50) 50 days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the “Release”). If Executive fails to execute and deliver the Release Agreement within fifty (50) 50 days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), ) and (c) and (d) of Section 5.3.24.3.2. The timing of severance payments under clause (cb) of Section 5.3.2 4.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 1 contract

Samples: Employment Agreement (Wellcare Health Plans, Inc.)

Waiver and Release Agreement. In consideration of the severance payments and other benefits described in clauses (b), (c) and (dc) of Section 5.3.2, to which severance payments and benefits Executive would not otherwise be entitled, and as a precondition to Executive becoming entitled to such severance payments and other benefits under this Agreement, Executive agrees to execute and deliver to the Company Corporation within fifty (50) days after the applicable Termination Date a Waiver and Release Agreement in the form attached hereto as Exhibit A without alteration or addition other than to include the date (the “Release”). If Executive fails to execute and deliver the Release within fifty (50) days after the applicable Termination Date, or if Executive revokes such Release as provided therein, the Company Corporation shall have no obligation to provide any of the severance payments and other benefits described in clauses (b), (c) and (dc) of Section 5.3.2. The timing of severance payments under clause (cb) of Section 5.3.2 upon Executive’s execution and delivery of the Release shall be further governed by the following provisions (the last date on which such payments may be made, the “Severance Payment Deadline”):

Appears in 1 contract

Samples: Employment Agreement (Wellcare Health Plans, Inc.)

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