What does payment in consideration of release mean?

Release Consideration means the amount of severance pay benefits that is equal to one-twelfth of the Executive's Base Pay in effect at the date of termination of the Executive's employment, which amount shall constitute consideration for the Executive's delivery of the Waiver and Release Agreement.

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Release and Waiver Agreement By Contractor in Favor of Property Owner...

Santa Clara California Release and Waiver Agreement By Contractor in Favor of Property Owner Regarding Christmas Decorations

Name: Santa Clara California Release and Waiver Agreement By Contractor in Favor of Property Owner Regarding Christmas Decorations
Brand: US Legal Forms
Rating: 4.55 (274 reviews)

Category:

Releases and Waivers - Christmas Decorations

State:

Multi-State

County:

Santa Clara

Control #:

US-00728BG

Format:

Instant download

Description

This form is a release and waiver in favor of a property owner while an independent contractor puts up Christmas decorations on the owner’s property.

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FAQ

A release and waiver agreement is an enforceable promise not to pursue legal action in exchange for compensation. The releasee gives money or some other form of compensation to the releasor, who then agrees not to press charges, sue, or take any other legal action against the releasee.

Release Consideration means the amount of severance pay benefits that is equal to one-twelfth of the Executive's Base Pay in effect at the date of termination of the Executive's employment, which amount shall constitute consideration for the Executive's delivery of the Waiver and Release Agreement.

A Release of Liability is an agreement between two parties in which one gives up the right to hold the other legally responsible for current or future injuries, losses, and damages. The party waiving their right receives monetary or non-monetary compensation, also known as consideration.

A waiver is a demonstration, usually in written form, of a party's intent to relinquish a legal right or claim. The key point to note is that the relinquishment is voluntary, and can apply to a variety of legal situations. Essentially, a waiver removes a real or potential liability for the other party in the agreement.

Waiver. n. the intentional and voluntary giving up of something, such as a right, either by an express statement or by conduct (such as not enforcing a right). The problem which may arise is that a waiver may be interpreted as giving up the right to enforce the same right in the future.

Release Requirement means the requirement that an Eligible Executive execute and deliver to the Company a general release of claims, in a form acceptable to the Company, on or prior to the date that is 21 days following the date upon which the Company delivers the release to an Eligible Executive (which shall occur no

Most Important Terms in a Release FormNames of releasor and releasee.Details about the project being produced.Information about what permissions are granted.Special considerations, such as crediting requirements or payment obligations.Spaces for signatures of all parties.

A release is made for valuable consideration. The consideration should be a thing of value. There will be a presumption as to the existence of consideration when the release is made in a sealed document. Consideration must be something to which a discharger became entitled only due to the release.

A waiver and release agreement is a legal document that releases a party from liability and creates an enforceable promise for one party to not take legal action against another.

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325 Large dwelling permit requirements and design guidelines. 13.10. 326 Residential density bonus for affordable housing.IT Support, Data Management, Record Retention. Entry form, Release and Waiver. This edition incorporates all amendments to the Zoning Regulations adopted through July 2019. Reprinted with the permission of the authors and Santa Clara Law Review. Augment an understanding of the New Mexico wage law provision); Sinclaire v. See PreSale form for discounts (page1)! In the record. B.1. Introduction (1st Reading) Ordinance 518 – Regarding Solar Energy, Building.

Santa Clara California Release and Waiver Agreement By Contractor in Favor of Property Owner Regarding Christmas Decorations

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