Release; Continued Compliance

Clause

Clause Information


Release; Continued Compliance. Notwithstanding anything contained herein to the contrary, the Company shall not be obligated to provide any benefits to a Participant under Sections 3.4.1 through 3.4.5 or Section 3.5.1 through 3.5.5 hereof unless: (a) Participant first executes no later than sixty (60) calendar days after the Date of Termination a release of claims agreement in the form attached hereto as Exhibit B, with such changes as the Company may determine to be required or reasonably advisable in order to make the release enforceable and otherwise compliant with applicable law, (b) Participant does not revoke the release within seven (7) days after signature, and (c) the release becomes effective and irrevocable in accordance with its terms (such date, the "Release Effective Date"). If the combined release execution period and revocation period span two (2) calendar years, payments subject to the release will commence in the second (2nd) calendar year. Furthermore, the Participant must remain in compliance with the obligations provided hereunder, including but not limited to the Participant's compliance with the covenants set forth in ARTICLE VIII.

Clause Category:Release; Continued Compliance

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