Examples of Release Requirement in a sentence
Notwithstanding the foregoing, the Release Requirement shall lapse upon a Change in Control.
All benefits under this Policy will be subject to the Eligible Employee’s compliance with the Release Requirement and any timing modifications required to avoid adverse taxation under Section 409A.
For avoidance of doubt, receipt of accrued compensation is not subject to the Release Requirement discussed in Section 5(a).
In the event that Executive’s employment is terminated by reason of a Non-Renewal by the Company and Executive is willing and able, at the time of such Non-Renewal, to continue performing services on the terms and conditions set forth herein for the Renewal Term that would have occurred but for the Non-Renewal, then Executive shall be entitled to the payments and benefits provided in Section 5(d) below, subject to the terms and conditions of Section 5(d) including the Release Requirement.
Notwithstanding the foregoing, if the period for satisfaction of the Release Requirement begins in one taxable year and ends in another taxable year, then the Release Effective Date shall occur no sooner than the first date of such second taxable year.