Release Requirements definition

Release Requirements has the meaning assigned thereto in Section 4 hereof.

Release Requirements means, with regard to the Severance Payment to Executive described in Section II hereof, the execution by Executive, no later than fifty-three (53) days following the termination of Executive’s employment with Samson, of an effective general waiver and release of claims agreement in favor of Samson, substantially in the form attached hereto as Appendix A, PROVIDED that Executive does not revoke such general waiver and release of claims agreement within the seven (7) day statutory revocation period following Executive’s execution of same.

Release Requirements means, either: a. With regard to the payment to Employee of the Severance Benefits described in Section III hereof, the execution by Employee, no later than fifty-three (53) days following the termination of Employee’s employment with Samson, of an effective general waiver and release of claims agreement in favor of Samson, substantially in the form attached hereto as Appendix A, PROVIDED that Employee does not revoke such general waiver and release of claims agreement within the seven (7) day statutory revocation period following Employee’s execution of same; or, b. With regard to the payment to Employee of the Success Bonus described in Section I hereof, and the termination of Employee’s participation in the Samson Investment Company First Amended 2008 Stock Appreciation Rights Plan, the execution by Employee of an effective general waiver and release of claims agreement in favor of Samson, substantially in the form attached hereto as Appendix B.

Examples of Release Requirements in a sentence

• The Company's obligation to pay the Pre-Change in Control Severance Payment or provide the benefits set forth in Section 4(c), (d) and (e) is subject to and conditioned upon the Executive’s satisfaction of the Release Requirements.

• If the Release Requirements are not satisfied on the Payment Date, no Pre-Change in Control Severance Payment shall be paid hereunder and none of the benefits described in Section 4(c), (d) or (e) shall be provided, and the Executive shall have no right to the Pre-Change in Control Severance Payment or the applicable benefits.

• If the period in which Release Requirements could be satisfied spans more than one taxable year, then the severance payment pursuant to this Section 7 shall not be made until the later taxable year.

• The Accrued Obligations shall be paid within the time required by law and the severance amount payable pursuant to this Section 7 shall be paid on the Payment Date provided that the Release Requirements are satisfied on or prior to the Payment Date.

• If the period in which Release Requirements could be satisfied spans more than one taxable year, then the Post-Change in Control Severance Payment and applicable benefits shall not be made until the later taxable year.

More Definitions of Release Requirements

Release Requirements means the conditions described in each Call Option Agreement, Restricted Stock Award Agreement and/or Performance-Linked Award Agreement, as applicable, which must be satisfied and so determined by the Managing Director, in order for Participants or their Legitimate Successors to be entitled to subscribe for and pay, or receive, as the case may be, the Stock Options, Restricted Shares and/or Performance Related Restricted Shares, as applicable, and the same are deemed to be Released Shares.

Release Requirements. Define if fix is to be delivered in X Release or in future Block Release. Responsible EMC Contact: Provide name and phone number of EMC's Engineering staff involved in the problem.

Release Requirements has the meaning set forth in Section 1.03(f).

Release Requirements shall have the meaning specified in Section 2.02(b) hereof.

Release Requirements means the Executive’s execution and acceptance of the terms and conditions of, and the effectiveness of the Release and the expiration of the revocation period required by applicable law without the Executive’s revocation of the Release.

Release Requirements are satisfied as of any date if, as of such date, Executive has executed the Separation and Release Agreement attached hereto as Exhibit B (the “Release Agreement”), the revocation period set forth in the Release Agreement has expired, and Executive has not revoked the Release Agreement.

Release Requirements has the meaning assigned to such term in Section 5.06 hereof.