Separation Agreement and Release definition

Separation Agreement and Release means the agreement that an Eligible Executive must execute prior to receiving any benefits under the Plan. The Administrator will provide a copy of the Separation Agreement and Release to the Eligible Executive when he or she is designated as a Severance Benefit Employee under the Plan.
Separation Agreement and Release means a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company.
Separation Agreement and Release means the Separation Letter Agreement and Release substantially in the form attached hereto as Exhibit A.

Examples of Separation Agreement and Release in a sentence

  • The First Separation Agreement and Release will include, among other provisions, a general waiver and release of all claims.

  • Employees who choose not to sign the Separation Agreement and Release will receive only the standard benefits under the MOU’s.

  • Confidential Separation Agreement and Release between the registrant and Lawrence W.

  • Employee acknowledges that Employee’s resignation is voluntary, permanent, and will be irrevocable as of the date of execution of the First Separation Agreement and Release.

  • If you should fail to execute such Separation Agreement and Release within forty-five (45) days following the Date of Termination or should you later revoke or violate the Separation Agreement and Release, the Company shall not have any obligation to make the payments contemplated under this Plan and you shall refund any Severance Payments made to you.


More Definitions of Separation Agreement and Release

Separation Agreement and Release means a written agreement between a Participating Employer and an Eligible Employee, in a form acceptable to the Company, which contains the terms, provisions, and conditions (which need not be the same for all Participants) pursuant to which a severance benefit under the Plan shall be paid to the Participant. Any provision of a Separation Agreement and Release may be amended by the written agreement of a Participant and his or her Participating Employer.
Separation Agreement and Release means that certain form of Separation and Release Agreement attached as Exhibit E to the Employment Agreement, effective as of July 1, 2023, by and between the Executive and the Company (the
Separation Agreement and Release means the agreement that a Severance Benefit Employee must execute before he or she may receive any benefits under the Plan, and which includes among other terms a general release of the Company, the Employer, and their affiliates and other released parties from claims or causes of action through the date of signing. The Administrator will provide a copy of the Separation Agreement and Release.
Separation Agreement and Release means a separation agreement and release in a form and manner satisfactory to and provided by the Company that contains, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement provisions, a reaffirmation of all of the Covered Executive’s Continuing Obligations, and, if applicable, a confirmation of the Covered Executive’s resignation from all officer, trustee and board member positions that the Covered Executive holds with the Company or any of its respective subsidiaries and affiliates, and shall provide that if the Covered Executive breaches any of the Continuing Obligations, all payments of the severance payments and benefits shall immediately cease and any severance payments and benefits previously provided to Covered Executive pursuant to this Plan shall be repaid to the Company.
Separation Agreement and Release means that certain form of Separation and Release Agreement attached as Exhibit E to the Employment Agreement, effective as of July 1, 2023, by and between the Executive and the Company (the “Employment Agreement”).
Separation Agreement and Release means a separation agreement in a form satisfactory to the Company Group, which agreement includes a general release of all known and unknown claims against the Company Group and their affiliated persons and entities.
Separation Agreement and Release means a separation agreement and release of claims in favor of the Company, its current and former Affiliates and their current and former equityholders, directors, officers, employees and agents in a form acceptable to the Committee, which form may, subject to applicable law, require that the Executive comply with all or a portion of the restrictive covenants set forth in Article 4 (e.g., to the extent such restrictive covenants are not otherwise applicable to the Executive pursuant to his or her Participation Agreement at the time of his or her Effective Date of Termination).