Common use of Employee’s Release Clause in Contracts

Employee’s Release. The parties understand and agree that this Separation Agreement resolves and settles all obligations and differences between Employer and its past and present owners, partners, investors, officers, directors, stockholders, affiliates, predecessors, successors, assigns, agents, employees, representatives and attorneys (the "Releasees") on the one hand, and Employee, and for each of Employee's past and present agents, assigns, transferees, heirs, spouses, relatives, executors, attorneys, administrators, employees, predecessors, affiliates, successors, insurers, and representatives ("Releasors") on the other hand, arising out of Employee's employment with Employer and the cessation of that employment. This is a compromise settlement of all claims and therefore does not constitute an admission of liability on the part of the Releasees or Employee, or an admission, directly or by implication, that the Releasees or Employee have individually or collectively violated any law, rule, regulation, contractual right or any other duty or obligation. Releasors irrevocably and unconditionally waive, release and forever discharge, the Releasees from all claims for relief, causes of action and liabilities, known or unknown, that Releasors have or may have against any of the Releasees individually and/or collectively, arising out of, relating to, or resulting from, any events occurring prior to the execution of this Separation Agreement including, but not limited to, any claims for relief, causes of action and liabilities arising out of, relating to, or resulting from, Employee's employment with Employer or the cessation of that employment. Nothing contained herein or elsewhere in this Separation Agreement shall constitute any release or waiver by Employee of any rights to seek specific performance of any provision of this Separation Agreement or to bring any action or claim based on any breach of any covenant contained in this Separation Agreement.

Appears in 1 contract

Samples: Separation Agreement (Aerocentury Corp)

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Employee’s Release. The parties understand Employee on the Employee's own behalf and agree that this Separation Agreement resolves together with the Employee's heirs, assigns, executors, agents and settles all obligations representatives hereby generally releases and differences between Employer discharges the Corporation and its the Bank and their respective subsidiaries, affiliates and the respective predecessors, successors (by merger or otherwise) and assigns of any of the foregoing, together with each and every of the present, past and present ownersfuture officers, partners, investors, officersmanagers, directors, stockholdersshareholders, affiliatesmembers, predecessorsgeneral partners, successorslimited partners, assignsemployees and agents of any of the foregoing, agents, employees, representatives and attorneys the heirs and executors of any of the foregoing (herein collectively referred to as the "Releasees") on from any and all suits, causes of action, complaints, obligations, demands, common law or statutory claims of any kind, whether in law or in equity, direct or indirect, known or unknown (hereinafter "Claims"), which the Employee ever had or now has against the Releasees, or any one handof them occurring up to and including the date of this Agreement. Notwithstanding anything herein to the contrary, and Employee, and for each of the Employee's past release is not and present agentsshall not be construed as a release of any future claim by the Employee against the Corporation or the Bank, assigns, transferees, heirs, spouses, relatives, executors, attorneys, administrators, employees, predecessors, affiliates, successors, insurers, and representatives nor shall it be a release of ("Releasors"i) on the other hand, arising out of Employee's employment with Employer and the cessation of that employment. This is a compromise settlement of all any claims and therefore does not constitute an admission of liability on the part to enforce this Agreement or applicable sections of the Releasees Employment Agreement; (ii) any claims relating to vested rights in retirement, benefits or Employee, equity plans; (iii) any claims for indemnity in connection any claim or an admission, directly threatened claim against Employee arising from his employment; (iv) any claim for unemployment compensation or by implication, that the Releasees or Employee have individually or collectively violated any law, rule, regulation, contractual right workers compensation or any other duty or obligationclaim that cannot lawfully be released by private agreement. Releasors irrevocably and unconditionally waive, This release and forever discharge, the Releasees from all claims for relief, causes of action and liabilities, known or unknown, that Releasors have or may have against any of the Releasees individually and/or collectively, arising out of, relating to, or resulting from, any events occurring prior to the execution of this Separation Agreement includingspecifically includes, but is not limited to, any claims for relief, causes of action and liabilities arising out of, relating to, or resulting from, Employee's employment with Employer or the cessation of that employment. Nothing contained herein or elsewhere in this Separation Agreement shall constitute any release or waiver by Employee of any rights to seek specific performance of any provision of this Separation Agreement or to bring any action or claim based on any breach of any covenant contained in this Separation Agreement.:

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

Employee’s Release. The parties understand and agree that this Pursuant to the Separation Agreement resolves and settles all obligations Release entered into between Xxxxxxx Xxxxxx (the “Employee”), and differences between Employer Prima Biomed Ltd., an Australian limited company (the “Company”) dated July 9 2014,, (the “Agreement”), and except for the payments and benefits as provided in the Agreement, the Employee on his own behalf and together with his heirs, assigns, executors, agents and representatives hereby waives, releases and discharges the Company and its predecessors, successors (by merger or otherwise), parents, subsidiaries, affiliates and assigns, together with each and every of their present, past and present ownersfuture officers, partners, investors, officersmanagers, directors, stockholdersshareholders, affiliatesmembers, predecessorsgeneral partners, successorslimited partners, assigns, agents, employees, representatives employees and attorneys (the "Releasees") on the one hand, and Employee, and for each of Employee's past and present agents, assigns, transferees, heirs, spouses, relatives, executors, attorneys, administrators, employees, predecessors, affiliates, successors, insurers, and representatives ("Releasors") on the other hand, arising out of Employee's employment with Employer agents and the cessation heirs and executors of that employment. This is a compromise settlement of same (herein collectively referred to as the “Releasees”) from any and all claims and therefore does not constitute an admission of liability on the part of the Releasees or Employee, or an admission, directly or by implication, that the Releasees or Employee have individually or collectively violated any law, rule, regulation, contractual right or any other duty or obligation. Releasors irrevocably and unconditionally waive, release and forever discharge, the Releasees from all claims for reliefsuits, causes of action and liabilitiesaction, complaints, obligations, demands, common law or statutory claims of any kind, whether in law or in equity, direct or indirect, known or unknownunknown (hereinafter “Claims”), that Releasors have which the Employee ever had or may have now has against the Releasees, or any one of them occurring up to and including the date of the Releasees individually and/or collectivelythis General Release (the “Release”). Notwithstanding anything herein to the contrary, arising out ofthe Employee’s release is not and shall not be construed as a release of any future claim by the Employee against the Company, relating toto the extent a claim may otherwise exist, for indemnity, contribution or cost of defense in connection with the Employee being made a party to a suit initiated by or on behalf of a third party, which suit is based, in whole or in part, upon the work performed by the Employee for the Company within the scope of the Employee’s position and duties with the Company, or resulting from, any events occurring prior to alleged misconduct by the execution Employee within the scope of this Separation Agreement includingthe Employee’s former position and duties as an officer or employee of the Company. This release specifically includes, but is not limited to, any claims for relief, causes of action and liabilities arising out of, relating to, or resulting from, Employee's employment with Employer or the cessation of that employment. Nothing contained herein or elsewhere in this Separation Agreement shall constitute any release or waiver by Employee of any rights to seek specific performance of any provision of this Separation Agreement or to bring any action or claim based on any breach of any covenant contained in this Separation Agreement.:

Appears in 1 contract

Samples: Separation Agreement and Release (Prima BioMed LTD)

Employee’s Release. The parties understand Employee on the Employee's own behalf and agree that this Separation Agreement resolves together with the Employee's heirs, assigns, executors, agents and settles all obligations representatives hereby generally releases and differences between Employer discharges JVB and its Affiliates and the respective predecessors, successors (by merger or otherwise) and assigns of any of the foregoing, together with each and every of the present, past and present ownersfuture officers, partners, investors, officersmanagers, directors, stockholdersshareholders, affiliatesmembers, predecessorsgeneral partners, successorslimited partners, assignsemployees and agents of any of the foregoing, agents, employees, representatives and attorneys the heirs and executors of any of the foregoing (herein collectively referred to as the "Releasees") on the one hand, from any and Employee, and for each of Employee's past and present agents, assigns, transferees, heirs, spouses, relatives, executors, attorneys, administrators, employees, predecessors, affiliates, successors, insurers, and representatives ("Releasors") on the other hand, arising out of Employee's employment with Employer and the cessation of that employment. This is a compromise settlement of all claims and therefore does not constitute an admission of liability on the part of the Releasees or Employee, or an admission, directly or by implication, that the Releasees or Employee have individually or collectively violated any law, rule, regulation, contractual right or any other duty or obligation. Releasors irrevocably and unconditionally waive, release and forever discharge, the Releasees from all claims for reliefsuits, causes of action and liabilitiesaction, complaints, obligations, demands, common law or statutory claims of any kind, whether in law or in equity, direct or indirect, known or unknownunknown (hereinafter "Claims"), that Releasors have which the Employee ever had or may have now has against any of the Releasees individually and/or collectively, arising out of, relating toReleasees, or resulting from, any events one of them occurring prior up to and including the date of this Release Agreement. Notwithstanding anything herein to the execution contrary, the Employee's release is not and shall not be construed as a release of this Separation Agreement includingany future claim by the Employee against JVB or any Affiliate of JVB. This release specifically includes, but is not limited to, any claims for relief, causes of action and liabilities arising out of, relating to, or resulting from, Employee's employment with Employer or the cessation of that employment. Nothing contained herein or elsewhere in this Separation Agreement shall constitute any release or waiver by Employee of any rights to seek specific performance of any provision of this Separation Agreement or to bring any action or claim based on any breach of any covenant contained in this Separation Agreement.:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Juniata Valley Financial Corp)

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Employee’s Release. The parties understand Employee on his own behalf and agree that this Separation Agreement resolves together with his heirs, assigns, executors, agents and settles all obligations representatives hereby generally releases and differences between Employer discharges Company and its predecessors, successors (by merger or otherwise), parents, subsidiaries, affiliates and assigns, together with each and every of their present, past and present ownersfuture officers, partners, investors, officersmanagers, directors, stockholders, affiliatesmembers, predecessorsgeneral partners, successorslimited partners, assigns, agents, employees, representatives employees and attorneys (the "Releasees") on the one hand, and Employee, and for each of Employee's past and present agents, assigns, transferees, heirs, spouses, relatives, executors, attorneys, administrators, employees, predecessors, affiliates, successors, insurers, and representatives ("Releasors") on the other hand, arising out of Employee's employment with Employer agents and the cessation heirs and executors of that employment. This is a compromise settlement of same (collectively “Releasees”) from any and all claims and therefore does not constitute an admission of liability on the part of the Releasees or Employee, or an admission, directly or by implication, that the Releasees or Employee have individually or collectively violated any law, rule, regulation, contractual right or any other duty or obligation. Releasors irrevocably and unconditionally waive, release and forever discharge, the Releasees from all claims for reliefsuits, causes of action and liabilitiesaction, complaints, obligations, demands, common law or statutory claims of any kind, whether in law or in equity, direct or indirect, known or unknownunknown (hereinafter “Claims”), that Releasors have which Employee ever had or may have now has against the Releasees, or any one of them occurring up to and including the date of the Releasees individually and/or collectivelythis Agreement. Notwithstanding anything herein to the contrary, arising out ofEmployee’s release is not and shall not be construed as a release of any future claim by Employee against Company, relating toto the extent a claim may otherwise exist, for indemnity, contribution or cost of defense in connection with Employee being made a party to a suit initiated by or on behalf of a third party, which suit is based, in whole or in part, upon the work performed by Employee for Company within the scope of Employee’s position and duties with Company, or resulting from, any events occurring prior to alleged misconduct by Employee within the execution scope of this Separation Agreement includingEmployee’s former position and duties as an officer or employee of Company. This release specifically includes, but is not limited to, any claims for relief, causes of action and liabilities arising out of, relating to, or resulting from, Employee's employment with Employer or the cessation of that employment. Nothing contained herein or elsewhere in this Separation Agreement shall constitute any release or waiver by Employee of any rights to seek specific performance of any provision of this Separation Agreement or to bring any action or claim based on any breach of any covenant contained in this Separation Agreement.:

Appears in 1 contract

Samples: Separation Agreement and Release (Cti Group Holdings Inc)

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