Common use of Severance Conditioned on Release of Claims Clause in Contracts

Severance Conditioned on Release of Claims. The Company's obligation to provide Employee with the Severance Payment and Benefit Continuation set forth in Sections 7.1 and 7.3 is contingent upon Employee's execution of a satisfactory release of all claims in favor of the Company.

Appears in 3 contracts

Sources: Employment Agreement (Standard Management Corp), Employment Agreement (Standard Management Corp), Employment Agreement (Standard Management Corp)