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

Severance Conditioned on Release of Claims. The Company's obligation to provide Executive with the Severance Payment and Benefit Continuation set forth in Section 8.2 is contingent upon Executive's execution of a satisfactory release of all claims in favor of the Company.

Appears in 2 contracts

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