Release Requirement

Example Definitions of "Release Requirement"
Release Requirement. The requirement that an Eligible Executive execute and deliver to the Company a general release of claims, in a form acceptable to the Company, on or prior to the date that is 21 days following the date upon which the Company delivers the release to an Eligible Executive (which shall occur no later than seven days following the Date of Termination) or, in the event that such termination of employment is in connection with an exit incentive or other employment termination program (as such phrase... is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is 45 days following such delivery date. Notwithstanding the foregoing or any other provision in the Plan to the contrary, the Release Requirement shall not be considered satisfied if the release described in the preceding sentence is revoked by the Eligible Executive within any time provided by the Company for such revocation. View More
Found in TALOS ENERGY INC. contract
Release Requirement. The requirement that an Eligible Executive execute and deliver to the Company a general release of claims, in a form acceptable to the Company, on or prior to the date that is 21 days following the date upon which the Company delivers the release to an Eligible Executive (which shall occur no later than seven days following the Date of Termination) or, in the event that such termination of employment is in connection with an exit incentive or other employment termination program (as such phrase... is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is 45 days following such delivery date. Notwithstanding the foregoing or any other provision in the Plan to the contrary, the Release Requirement shall not be considered satisfied if the release described in the preceding sentence is revoked by the Eligible Executive within any time provided by the Company for such revocation. View More
Found in Cobalt International Energy, Inc. contract
Release Requirement. The requirement that an Eligible Executive execute and deliver to the Company a general release of claims, in a form acceptable to the Company, on or prior to the date that is 21 days following the date upon which the Company delivers the release to an Eligible Executive (which shall occur no later than seven days following the Date of Termination) or, in the event that such termination of employment is in connection with an exit incentive or other employment termination program (as such phrase... is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is 45 days following such delivery date. Notwithstanding the foregoing or any other provision in the Plan to the contrary, the Release Requirement shall not be considered satisfied if the release described in the preceding sentence is revoked by the Eligible Executive within any time provided by the Company for such revocation. View More
Found in Cobalt International Energy, Inc. contract
Release Requirement. The requirement that an Eligible Executive execute and deliver to the Company a general release of claims, in a form acceptable substantially similar to the Company, Release set forth in Exhibit B, on or prior to the date that is 21 twenty-one (21) days following the date upon which the Company delivers the release to an the Eligible Executive (which shall occur no later than seven days following the Date of Termination) or, in the event that such termination of employment is in "in connection... with an exit incentive or other employment termination program program" (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is 45 forty-five (45) days following such delivery date. Notwithstanding the foregoing or any other provision in the Plan to the contrary, the Release Requirement shall not be considered satisfied if the release described in the preceding sentence is revoked by the Eligible Executive within any time provided by the Company for such revocation. revocation View More
Found in Gibraltar Industries, Inc. contract
View Variations (2)
Release Requirement. A Covered Executive's execution and delivery to the Company of a separation agreement containing, among other provisions, an effective 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, and the expiration of any revocation period with respect thereto within 60 days of the Date of Termination
Found in Poshmark, Inc. contract
Release Requirement. Means the Executive signing and not revoking a separation and release agreement in a form provided by the Company (the "Release") within the time period required in the Release but in no event later than 30 days following the Termination Date (or 60 days in the event of a group layoff under the Older Workers' Benefits Protection Act).
Found in Codiak BioSciences, Inc. contract
Release Requirement. The Participant's provision to the Company following termination as a Service Provider of an executed waiver and general release of claims in a form reasonably acceptable to the Company (the "Release") no later than 45 days following such termination, and such Release becoming effective in accordance with its terms no later than 54 days following such termination.
Found in TrueCar, Inc. contract
Release Requirement. Notwithstanding anything herein to the contrary, the Executive shall not be entitled to receive any payment that is subject to the requirements of this Section 14(e) (the "Release Requirement") unless, in each case, the Executive (or the Executive's legal representative) has executed and delivered to the Company a general release in the form attached hereto as Exhibit C (subject to updates for changes in law and facts, as reasonably determined by the Company) (the "General Release"), which... General Release shall be in full force and effect (and no longer subject to revocation) within sixty (60) calendar days after the Executive's termination of employment (the "Release Effective Date"). To the extent that any payment subject to the Release Requirement is deferred compensation under Section 409A that is not otherwise exempt from the application of Section 409A, and if the sixty (60) calendar day period referenced in the preceding sentence spans two calendar years, then, solely to the extent necessary to avoid the incurrence of adverse personal tax consequences under Section 409A, the payment of such amount will not occur until the second calendar year. View More
Found in Insurance Acquisition Corp. contract
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