Examples of Release Requirement in a sentence
The Prorated Bonus and any other lump cash payment due under this Section 6 (and subject to the Release Requirement), other than the Accrued Benefits, will generally be paid at the same time as the first installment of the Severance Payment or at the same time as the CIC Severance Payment, as applicable.
Any Non-Compete Payments are subject to Employee’s satisfaction of the Release Requirement.
The Severance Payment if any, payable hereunder shall be paid in substantially equal installments over the twelve-month period, following the Date of Termination, consistent with the Company’s payroll practices, with the first installment to be paid no later than the second regularly scheduled payroll date after the Release Requirement is satisfied and with any installments that would otherwise have been paid prior to such date accumulated and paid together with such first installment.
The CIC Severance Payment, if any, payable hereunder shall be paid in one lump sum within five business days following the satisfaction of the Release Requirement.