Common use of Employment Release Clause in Contracts

Employment Release. Except as provided in paragraph 1(e)(iii), effective as of the date hereof, you and your heirs, assigns, and agents release, waive, and discharge GE Capital, the Company and their affiliates and their respective directors, officers, employees, subsidiaries, affiliates, and agents (collectively, the "Released Persons") from each and every claim, action or right of any sort, known or unknown, arising on or before the date hereof that arises out of, or relates to, your employment by the Company or any of its affiliates.