Example ContractsClausesagreement and releaseVariants
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Release. As a condition to Executive’s receipt of any post-termination benefits pursuant to [Sections 4(c) and 4(d)])] above (collectively, the “Severance Benefits”), Executive shall execute and not revoke a general release of all claims in favor of the Company (the “Release”) in the form attached hereto as Exhibit A. In the event the Release does not become effective within the fifty-five (55) day period following the Separation Date, Executive shall not be entitled to the aforesaid payments and benefits.

Release. As a condition to Executive’s receipt of any post-termination benefits pursuant to [Sections 4(c) and 4(d)])]Section 3(a) or Section 3(b) above (collectively,(other than the Severance Benefits”)Accrued Obligations), Executive shall execute and not revoke a general release of all claims in favor of the Company (the “Release”) in the form substantially similar to that attached hereto as Exhibit A. In the event theA (and any applicable revocation period applicable to such Release does not become effectiveshall have expired) within the fifty-five (55)sixty (60) day period following the Separation Date, Executive shall not be entitled to the aforesaid payments and benefits. Date of Termination.

Release. As a condition to Executive’s receipt of any post-termination benefits pursuant to [Sections 4(c) and 4(d)])] above (collectively, the “Severance Benefits”),this Paragraph 3, Executive shall execute and not revoke a general release of all claims in favor of the Company and its affiliates (the “Release”) in form and substance reasonably satisfactory to the form attached hereto as Exhibit A.Company (which may include an agreement not to disparage the Company, non-solicit provisions and other standard terms and conditions). In the event the Release does not become effective within the fifty-five (55) day period following the Separation Date,Executive’s Date of Termination, Executive shall not be entitled to the aforesaid payments and benefits. In no event will severance payments or benefits pursuant to this Paragraph 3 be paid or provided until the Release becomes effective and irrevocable.

Release. As a conditionRelease of Claims. To be eligible to Executive’s receipt of any post-terminationreceive benefits pursuant to [Sections 4(c) and 4(d)])] above (collectively,under the Severance Benefits”),Plan, an Executive shallmust execute and not revoke a general waiver and release of all claims in favor of the Company (the “Release”) insubstantially the form attached hereto as Exhibit A. InEXHIBIT A, EXHIBIT B, or EXHIBIT C, as appropriate, within the time provided by the Company, and such release must become effective in accordance with its terms. The Company, in its sole discretion, may modify the form of the required release to comply with applicable law and shall determine the form of the required release, which may be incorporated into a termination agreement or other agreement with the Executive. The Executive will not receive any of the severance benefits provided for under this Plan unless and until the release is timely executed and becomes effective in accordance with its terms (the date on which the release becomes effective, the “Release Date”, which date may in no event be later than sixty (60) days following the Executive’s termination). Any severance benefits owed to the Executive through the Release does not become effective withinDate will be paid in a lump sum on the fifty-five (55) day period followingRelease Date, with the Separation Date, Executive shall not be entitled tobalance of the aforesaidseverance payments and benefits. benefits commencing thereafter in accordance with the original payment schedules set forth in this Plan.

Release.Severance Conditions. As a condition of and prior to Executive’sthe receipt of all or any post-termination benefits pursuant to [Sections 4(c) and 4(d)])] above (collectively,of the Severance Benefits”), Executive shallSeverance Benefits, Employee must execute and not revokeallow to become effective a general release of all claims in favor of the Company (the “Release”) in the form attached hereto as Exhibit A. In[Exhibit A] within sixty (60) days after the eventeffective date of termination and must comply with the Release doesterms of this Agreement. Upon any termination of Employee’s employment by the Company without Cause or by Employee for Good Reason, the Company and its affiliates (by and through their respective directors and senior executive officers) and Executive agree not become effective withinto disparage the fifty-five (55) day period following the Separation Date, Executive shall not be entitled to the aforesaid payments and benefits. other party.

Release. As a condition to Executive’sRelease of Claims Agreement. The receipt of any post-terminationseverance payments or benefits pursuant to [Sections 4(c) and 4(d)])] above (collectively, the “Severance Benefits”),Section 9(a)(i) or any other section of this Agreement is contingent upon Executive shall executesigning and not revokerevoking a generalseverance agreement and release of all claims in favor ofa form reasonably acceptable to the Company (the “Release”) in, which must become effective no later than the form attached hereto as Exhibit A. In the event60th day following Executive’s delivery of the Release does not(the “Release Deadline”), and if not, Executive will be ineligible for severance payments or benefits under this Agreement. To become effective withineffective, the fifty-five (55) day period followingRelease must be executed by Executive and any revocation periods (as required by statute, regulation, or otherwise) must have expired without Executive having revoked the Separation Date, Executive shall notRelease. In addition, no severance payments or benefits will be entitled topaid or provided until the aforesaid payments and benefits. Release actually becomes effective.

Release. As a condition to Executive’sThe receipt of any post-terminationpayments and/or other benefits pursuantunder this Agreement in excess of Accrued Benefits is subject to [Sections 4(c) and 4(d)])] above (collectively, the “Severance Benefits”), Executive shall executesigning and not revokerevoking a generalseparation agreement and release of all claims in favor of the Company (the “Release”) in the form attached hereto (except as otherwise required by applicable law) as Exhibit A. InB and incorporated herein by reference (the “Release”), which Release must become effective no later than the eventsixtieth (60th) day following Executive’s termination of Employment less all payroll deductions and required withholdings and otherwise in accordance with the [[Organization A:Organization]]’s standard payroll practices. To become effective, the Release does not become effective withinmust be timely executed by Executive and returned to [[Organization A:Organization]], and any revocation periods (as required by statute, regulation, or otherwise) must have expired without Executive having revoked the fifty-five (55) day periodRelease. In addition, in no event will any severance payments or other termination benefits be paid or provided until the Release actually becomes effective, and such payment(s) to be paid on the first regular [[Organization A:Organization]] payroll date following the Separation Date, Executive shall not be entitledlast day of the calendar month during which such Release becomes effective. All amounts paid under this Agreement as subject to the aforesaid paymentsapplicable deductions and benefits. tax and other withholdings.

Release. As a condition to Executive’s receiptexecution of any post-termination benefits pursuant to [Sections 4(c)a complete and 4(d)])] above (collectively, the “Severance Benefits”), Executive shall execute and not revoke a general release of any and all of her potential claims (other than for benefits and payments described in favorthis Agreement or any other vested benefits with the Employees and/or their affiliates) against the Employer, any of its affiliated companies, and their respective successors and any officers, employees, agents, directors, attorneys, insurers, underwriters, and assigns of the Company (the “Release”)Employer or its affiliates and/or successors, in a form provided by Employer (which form shall be generally consistent with the form attached hereto as Exhibit A. In the event the Release does not become effective within the fifty-five (55) dayof severance agreement and general release then used by Employer for senior executives), and any legally required revocation period following the Separation Date,applicable to such release having expired without Executive revoking such release, is an express condition of Executive’s right to receive termination payments, vesting, and benefits under this Agreement. Executive shall not be entitledrequired to execute within 45 days after Executive’s termination of employment a general waiver and release agreement which documents the aforesaid payments and benefits. release required under this Section 6(i).

Release. As a condition to Executive’s receiptSeparation Agreement and Release of any post-terminationClaims. Executive will not receive severance pay or benefits pursuant to [Sections 4(c)other than the Accrued Obligations unless # Executive signs and 4(d)])] above (collectively, the “Severance Benefits”), Executive shall execute anddoes not revoke a generalseparation agreement and release of all claims in favor of the Company (the “Release”) in the form consistent with the form attached hereto as Exhibit A. InB hereto (the “Release”) and # such Release becomes effective and irrevocable no later than sixty (60) days following the eventtermination date (such deadline, the “Release Deadline”). If the Release does not become effective withinand irrevocable by the fifty-five (55) day period followingRelease Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. All payments will be made upon the Separation Date, Executive shalleffectiveness of the Release but will be delayed until a subsequent calendar year if necessary so their timing does not result in penalty taxation under Section 409A. Severance payments or benefits will not be entitled topaid or provided until the aforesaidRelease becomes effective and irrevocable. For avoidance of doubt, although Executive’s severance payments and benefits are contractual rights, not “damages,” Executive is not required to seek other employment or otherwise “mitigate damages” as a condition of receiving such payments and benefits.

Release. AsNotwithstanding any other provision of this Agreement to the contrary, as a condition to Executive’s receipt of any post-termination benefits pursuant to [Sections 4(c) and 4(d)])] above (collectively,payment of the Severance Benefits”),Severance Benefits described in Paragraphs 12(a)(ii)-(iv) above, the Executive shall executemust execute, and not timely revoke during any revocation period provided therein, a general release of all claims in favor ofagainst the Company (the “Release”)and the Bank and their subsidiaries and affiliates and successors in the form attached hereto as Exhibit A. Inprovided by the eventCompany. The Company shall provide the Releaserelease to the Executive in sufficient time so that if the Executive timely executes and returns the release, the revocation period will expire no later than sixty (60) days following the effective date of the Qualifying Termination. If the Executive fails to execute and return the release such that any revocation period does not become effective withinexpire on or prior to such sixtieth (60th) day, all such payments conditioned upon such release shall be forfeited. Where the fifty-five (55)foregoing sixty (60) day period followingspans two (2) calendar years, any payments withheld pending execution of the Separation Date, Executiverelease and expiration of its revocation period shall not be entitledpaid prior to January 1 of the aforesaid payments and benefits. second calendar year.

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