Examples of Release of Claims in a sentence
The Release of Claims is a material term of this Settlement Agreement.
This Release of Claims (“Release”) is entered into as of _________________, 20__, between [__________] (“Executive”) and Revolution Medicines, Inc., a Delaware corporation (the “Company” and, together with Executive, the “Parties”), effective eight days after Executive’s signature hereto (the “Effective Date”), unless Executive revokes Executive’s acceptance of this Release as provided in Paragraph 1(c), below.
The Executive acknowledges and agrees that all Severance Benefits shall immediately cease should the Executive materially breach his obligations under Section 9 of this Agreement or the Release of Claims.
If the Executive fails to execute the Release of Claims in such timely manner so as to permit any revocation period to expire prior to the end of such sixty (60) day period, or timely revokes Executive’s acceptance of such release following its execution, the Executive shall not be entitled to any of the Severance Benefits.
The Teacher further acknowledges having had sufficient time to decide whether or not to execute this Agreement, including the Waiver and Release of Claims.