General Release Contract Clauses (493)

Grouped Into 21 Collections of Similar Clauses From Business Contracts

This page contains General Release clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
General Release. You acknowledge that, as of immediately prior to the execution of this Agreement, you were not legally entitled to the payments and benefits set forth in Section 2 of this Agreement. In consideration of such payments and benefits, on or following the Retirement Date, but not later than 21 days following the Retirement Date, you shall execute and deliver to the Company a Retirement and Release Agreement substantially in the form attached as Exhibit B (the "Release"). Notwithstanding anything in t...his Agreement or in any other plan, policy, agreement or arrangement of the Company and its affiliates to the contrary, whether or not you are a party thereto, if you (a) fail to execute and deliver the Release to the Company within such 21-day period, or (b) revoke the Release in accordance with the terms thereof, the Company and its affiliates, in addition to any other remedies they may have, shall be entitled to (i) cease payment of the compensation and benefits (including any Equity Award vesting opportunities) contemplated by Section 2 to the extent not previously paid or provided and the term of exercise of the SOSARs will revert back to the period of exercise set forth in Section 4(d) of the SOSAR Equity Award grant agreement, and (ii) your prompt return of any portion of such compensation and the value of such benefits previously paid or provided, in each case to the extent to which you would not have been legally entitled had you been terminated by the Company and its affiliates on the Retirement Date, without waiving the Company's and its affiliates' applicable entitlements under the Release. View More Arrow
Found in Vulcan Materials contract
General Release. You acknowledge that, as of immediately prior to the execution of this Agreement, you were not legally entitled to the payments and benefits set forth in Section 2 of this Agreement. In consideration of such payments and benefits, on or following the Retirement Separation Date, but not later than 21 days following the Retirement Separation Date, you shall execute and deliver to the Company a Retirement Separation and Release Agreement substantially in the form attached as Exhibit B (the "Release..."). Notwithstanding anything in this Agreement or in any other plan, policy, 8 agreement or arrangement of the Company and its affiliates Affiliates to the contrary, whether or not you are a party thereto, if you (a) fail to execute and deliver the Release to the Company within such 21-day period, or (b) revoke the Release in accordance with the terms thereof, the Company and its affiliates, Affiliates, in addition to any other remedies they may have, shall be entitled to (i) cease payment of the compensation and benefits (including any Equity Award vesting opportunities) contemplated by Section 2 to the extent not previously paid or provided and revision of the terms of the SOSARs such that the term of exercise of the SOSARs will revert back to the period of exercise set forth in Section 4(d) of the SOSAR Equity Award grant agreement, their original terms, and (ii) your prompt return of any portion of such compensation and the value of such benefits previously paid or provided, in each case to the extent to which you would not have been legally entitled had you been terminated by the Company and its affiliates Affiliates for cause on the Retirement Separation Date, without waiving the Company's and its affiliates' applicable Affiliates' entitlements under the Release. View More Arrow
Found in Vulcan Materials contract
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