Execution of Receipts and Releases Clause Example from Business Contracts

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Stock or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shal...l determine. 3 13. No Guarantee of Interests. The Board and the Company do not guarantee the Stock of the Company from loss or depreciation. View More