Common use of Effect of Release Clause in Contracts

Effect of Release. I understand and agree that by signing this Agreement, I - on behalf of myself, my family, assigns, representatives, agents, estate, heirs, beneficiaries, executors, administrators, successors, and/or attorneys, if any - agree to give up any right or entitlement I may have under U.S. or Canadian federal, state, provincial or local law against the Released Parties, concerning any events related to my employment or termination, or the Corporation’s failure to continue my employment. This Agreement extinguishes any potential employment discrimination claims I may have relating to my employment with the Corporation and the Corporation’s termination of my employment existing on the date I sign this Agreement. I further represent and warrant that I have not assigned to any third party any claim involving the Released Parties or authorized any third party to assert on my behalf any claim against the Released Parties. If a third party asserts a claim against the Released Parties on my behalf or includes me as a class member in any class action involving any claim, I agree to not accept any benefits or damages relating or arising out of such claim.

Appears in 4 contracts

Samples: Executive Employment Agreement (Transatlantic Petroleum Corp.), Executive Employment Agreement (Transatlantic Petroleum Corp.), Executive Employment Agreement (Transatlantic Petroleum Corp.)

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