Common use of Full General Release Clause in Contracts

Full General Release. Notwithstanding anything in this Agreement, the obligation of the Company to pay any severance pursuant to Section 7.B will be expressly conditioned upon (a) the execution, delivery, non-revocation during any applicable revocation period of, and compliance with, a full general release of claims by Executive, releasing all claims known or unknown that Executive may have against the Company and its affiliates as of the date of such release, and allowing such release to become effective, subject to the continuing rights and obligations of this Agreement (the “Release”), and (b) written acknowledgment by Executive of Executive’s continuing obligations with respect to the protection of the confidential information and intellectual property of the Company as set forth in the Confidential Information and Inventions Assignment Agreement and incorporated into this Agreement (the “Acknowledgement”). The Release and Acknowledgment shall each be executed and delivered by the Executive in a form acceptable to the Company within forty-five (45) days following Executive’s termination and the first payment of any severance payment following the termination of employment of Executive hereunder shall be made on the sixtieth (60th) day following Executive’s termination assuming the Release is irrevocable as of that date.