Consideration and Release Sample Clauses
Consideration and Release. Each of the Parties acknowledges and agrees that the consideration received pursuant to this Article III (and in the case of Riverside, ▇▇▇▇▇ Bay and Bloom, pursuant to Section 3.1 only) will constitute the payment in full, in full satisfaction and discharge, of any and all claims or rights such Party has with respect to the proceeds of the transactions contemplated under and by the Master Transaction Agreement. In consideration for such payment, each Party hereby releases, remises, acquits and forever discharges, irrevocably and unconditionally, JEN Partners and its Affiliates from, against and with respect to any and all claims that such Party has had or may have against JEN Partners or its Affiliates relating to or arising out of the Master Transaction Agreement, the transactions contemplated thereunder, the Purchased Entities and Purchased Entity Assets; provided, however, that nothing in this Section 3.5 shall be deemed to release JEN Partners or its Affiliates from (i) any of its obligations under this Agreement and (ii) JEN Partner or its Affiliate’s fraud or gross negligence.
Consideration and Release. In consideration of the releases ------------------------- contained herein, and for other good and valuable consideration, the receipt of which is acknowledged, each party promises and agrees as follows:
4.1 Except as to the rights created or confirmed by this Agreement, each party releases each other party and each of their affiliates, officers, directors, employees, representatives, attorneys, investigators, servants and agents from all claims, cause or causes of action, demands, damages or costs, heretofore or hereafter arising out of, connected with or incidental to the dealings between the parties hereto prior to the date hereof, including, without limitation on the generality of the foregoing, any and all claims and demands and cause or causes of action described herein or arising under any state or federal law or regulation, including the Age Discrimination in Employment Act, the Fair Employment and Housing Act and other laws prohibiting discrimination on the basis of race, sex, age, disability or national origin. For purposes of this paragraph 4.1, "affiliate" shall mean any person or entity that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Company or Parent.
Consideration and Release. In consideration of Released Parties refunding of the inspection fee previously paid by Releasing Party in the amount of $ , (and/or the payment of the sum of $ ) the receipt and sufficiency of which is hereby acknowledged, the Releasing Party does hereby release and forever discharge the Released Parties of and from any and all claims, demands, damages, actions, causes of action or suits of any kind or nature whatsoever, whether in tort, contract or pursuant to warranty, on account of any and all injury and damage to the Property or to the Releasing Party, including any and all other economic or non-economic injury or damage or loss or cost or expense of any kind that is in any way related to said injury and damage to property or which may in the future result from the occurrence. The Releasing Party agrees that the payment of the consideration set forth hereinabove does not constitute any admission of liability by the Released Parties; but said payment does constitute a full and final settlement of, and shall forever preclude, any and all claims of any kind by the Releasing Party against the Released Parties on account of any and all injury and damage to property or to the person of the Releasing Party, including any and all other economic or non-economic injury or damage or loss or cost or expense of any kind that is in any way related to said injury and damage to the Property or the Releasing Party or relating to the occurrence.
Consideration and Release. In consideration of the Bank’s agreement to enter into the consulting agreement attached as “Exhibit 1” and other promises and consideration set forth herein, I agree that, effective December 31, 2009 and without any further action by me or anyone of any kind, I hereby –
(i) resign not only from my employment with the Bank and each and every affiliate, but also from any and all of my positions with the Bank and its affiliates, and
(ii) release (i.e., give up) all known and unknown claims that I presently have against the Bank, its current and former, direct and indirect owners, parents, subsidiaries, brother-sister companies, and all other affiliates and related entities, and their current and former partners, employees, agents, and other related parties (the “Released Parties”), except claims that the law does not permit me to waive by signing this Agreement. For example, I am releasing all common law contract, tort, or other claims I might have, as well as all claims I might have under the Age Discrimination in Employment Act (“ADEA”), the Worker Adjustment & Retraining Notification Act (the “WARN Act”), Title VII of the Civil Rights Act of 1964, Sections 1981 and 1983 of the Civil Rights Act of 1866, the Americans With Disabilities Act (the “ADA”), the Employee Retirement Income Security Act of 1974 (“ERISA”), and any similar state, domestic, or foreign laws.
Consideration and Release. In consideration of payment by the Company to the Employee of (a) the sum of Eighty-Three Thousand Dollars ($83,000) payable to Employee in twelve (12) semi-monthly installments, payable on the 1st and 15th of each month, of Six Thousand Nine Hundred Sixteen and 67/100 Dollars ($6,916.67), less legally required deductions and withholdings, commencing on November 1, 1997, (b) the sum of Eighty-five Thousand Dollars ($85,000), less legally required deductions and withholdings, payable upon execution of this Agreement, which represents Employee's bonus for 1996, (c) the sum of Twenty-Four Dollars ($24.00) per share against redemption of shares of Common Stock of the Company acquired by Employee upon the exercise of all but not less than all of Employee's stock options, less (i) Ninety-Eight Thousand Five Hundred Sixty-Four and 77/100 Dollars ($98,564.77), which represents the outstanding principal balance of and interest on the Employee's loan to purchase Common Stock at October 12, 1997, (ii) Eighty-Five Thousand Dollars ($85,000) which represents the outstanding principal balance of Employee's advance against bonus for 1996, and (iii) less legally required deductions and withholdings, (d) the sum of $85,000, less legally required deductions and withholdings and (e) other good and valuable consideration, Employee agrees to release the Company as follows: Employee agrees on behalf of himself and all of his heirs or personal representatives and assigns, and his estate, to release, remise, forgive and forever discharge the Company , and all of its directors, officers, agents and employees of and from any and all claims, rights, demands, actions, liability, causes of action, damages, costs, expenses or compensation, whether or not known or unknown, which presently exists or which may hereinafter arise, or which in any way arises out of or relates to Employee's employment or termination of Employee's employment with the Company, including, but not limited to, any and all claims of breach of contract or failure to pay compensation of any kind, against the Company concerning events occurring at any time up to the date of this Agreement. This release and covenant not to sue ▇▇▇ll be absolute and shall operate as a discharge and a bar to any suit at law, or in equity, whether such suit arises out of contract, fraud, or any other cause of action whatsoever, whether under any applicable federal laws, state or local laws or ordinances for any reason whatsoever.
Consideration and Release