Common use of Waiver and Release of Claims Clause in Contracts

Waiver and Release of Claims. Any severance payments under Section 6(a) shall be (A) conditioned upon Employee having provided, within sixty (60) days of his termination of employment, an irrevocable waiver and general release of claims in favor of OMNI, each member of the Wellspring Group, their respective Affiliates, their respective predecessors and successors, and all of the respective current or former directors, officers, employees, shareholders, partners, members, agents or representatives of any of the foregoing (collectively, the “Released Parties”), in a form reasonably satisfactory to OMNI, that has become effective in accordance with its terms, and (B) subject to Employee’s continued compliance with the terms of this Agreement.