Release Condition

Release Condition. Will deemed to have occurred if Occam fails to correct or provide a work around for a design defect in a BLC Product in accordance with Section 11.2 within thirty (30) days of receiving written notice of the failure from Tellabs.

Release Condition. Means the requirement that you (or your personal representative, if applicable) execute a general waiver and release, in such a form as provided by the Company (the "Release"), within the applicable time period set forth therein, and such Release must become effective in accordance with its terms, which must occur in no event more than 60 days following the applicable termination date. Notwithstanding the preceding or anything to the contrary in the Plan or this Agreement, the Release will (a)... cover your customary release of claims related to your employment, service, and termination thereof (and compensation or benefits related thereto, subject to clause (b), below); (b) include customary carveouts with respect to any accrued but unpaid salary and reimbursable expenses; accrued and vested benefits in accordance with the terms of any applicable Company benefit plan (including, but not limited to, under this Agreement and the Company's Executive Severance Plan); your rights as a stockholder of the Company with respect to any fully vested equity of the Company that you then hold; indemnification rights pursuant to any applicable directors' and officers' insurance policy, the governing documents of the Company (or its applicable affiliates), or your written indemnification agreement with the Company, in each case in accordance with its applicable terms; your rights and vesting under the Plan and this Agreement; and any claims that may not be released by applicable law; and (c) not impose any post-employment obligation on you to which you did not previously agree in writing. View More

Release Condition. That the Covered Employee has executed and delivered to the Company a release of claims in substantially the form attached hereto as Exhibit A (the "Release") within twenty-one (21) days (or, if applicable, forty-five (45) days) following the date of termination of the Covered Employee's employment and that the Covered Employee has not revoked such release within seven (7) days following such execution and delivery.