Execution of Receipts and Releases Clause Example from Business Contracts

This example Execution of Receipts and Releases clause appears in 3 contracts from 1 company

Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Restricted Units 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 sha...ll determine. 7 17. No Guarantee of Interests. The Board and the Company do not guarantee the Restricted Units from loss or depreciation. View More