Example ContractsClausesconditions to and timing of severance paymentsVariants
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Severance Conditions. As a condition of and prior to the receipt of all or any of the Severance Benefits, Employee must execute and allow to become effective a general release of claims in the form attached hereto as [Exhibit A] within sixty (60) days after the effective date of termination and must comply with the terms 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 to disparage the other party.

Severance Conditions. As a condition of and prior to the receipt of all or any of the Severance Benefits,Benefits provided for upon death or Disability, Employee (or, in the case of death, Employee’s estate) must execute and allow to become effective a general release of claims in the form attached hereto as [Exhibit A] within sixty (60) days after the effective date of termination and must comply with the terms of this Agreement. Upon any termination of Employee’s employment by the Company without Causefor death or by Employee for Good Reason,Disability, the Company and its affiliates (by and through their respective directors and senior executive officers) and Executive (or, in the case of death, Employee’s estate) agree not to disparage the other party.

Severance Conditions.Release. As a condition of and prior to theExecutive’s receipt of all or any ofpost-termination benefits pursuant to [[Sections 4(c) and 4(d)])]])] above (collectively, the Severance Benefits, Employee mustSeverance Benefits”), Executive shall execute and allow to become effectivenot 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 sixty (60) days after the effective date of terminationfifty-five (55) day period following the Separation Date, Executive shall not be entitled to the aforesaid payments and must comply with the terms 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 to disparage the other party.benefits.

Severance Conditions. As a condition of and prior to theExecutive’s receipt of all or any of the Severance Benefits, Employee mustpost-termination benefits pursuant to this Paragraph 3, Executive shall execute and allow to become effectivenot revoke a general release of all claims in the form attached hereto as [Exhibit A] within sixty (60) days after the effective datefavor of termination and must comply with the terms 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(the “Release”) in form and through their respective directors and senior executive officers) and Executive agreesubstance reasonably satisfactory to the Company (which may include an agreement not to disparage the Company, non-solicit provisions and other party.standard terms and conditions). In the event the Release does not become effective within the fifty-five (55) day period following the 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.

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