Common use of Executive Release Clause in Contracts

Executive Release. (a) The Executive, on behalf of the Executive, the Executive's heirs, executors, administrators, successors and assigns, hereby irrevocably, unconditionally, voluntarily, knowingly and willingly releases and forever discharges the Company, its parents, their subsidiaries, divisions and affiliates, together with their respective officers, directors, partners, shareholders, employees, agents, attorneys and representatives, and any of their predecessors and successors and each of their estates, heirs and assigns (collectively, the "Company Releasees"), from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, rights, costs, losses, causes of action and demands, debts or expenses of any nature whatsoever, known or unknown, that the Executive or the Executive's heirs, executors, administrators, successors or assigns ever had, now have or hereafter can, will or may have against the Company or the Company Releasees by reason of any matter, cause or thing whatsoever from the beginning of time to the date of this Release, except as set forth in Paragraph 1(b) below, including, but not limited to, any rights or claims relating in any way to (i) the Executive's employment relationship with the Company or the Company's decision to terminate the Executive's employment, (ii) all claims for attorneys' fees, punitive or consequential damages and (iii) all claims arising under any federal, state and local labor, employment and/or anti-discrimination laws including, without limitation, the federal Age Discrimination in Employment Act of 1967, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1990, the Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act of 1993, the New York State and City Human Rights Law, each as amended, and any other federal, state, local or foreign law or judicial decision. The Executive further agrees that the Company does not owe the Executive any further wages, compensation or benefits, except the wages, compensation and benefits specifically enumerated in the severance agreement to which this Release is attached (the "Severance Agreement").

Executive Release. (a) The Executive, on behalf of the Executive, the Executive's heirs, ; executors, administrators, successors and assigns, hereby irrevocably, unconditionally, voluntarily, knowingly and willingly releases and forever discharges the Company, its parents, their subsidiaries, divisions and affiliates, together with their respective officers, directors, partners, shareholders, employees, agents, attorneys and representatives, ; and any of their predecessors and successors and each of their estates, heirs and assigns (collectively, the "Company Releasees"), from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, rights, costs, losses, causes of action and demands, debts or expenses of any nature whatsoever, known or unknown, that the Executive or the Executive's heirs, executors, administrators, successors or assigns ever had, now have or hereafter can, will or may have against the Company or the Company Releasees by reason of any matter, cause or thing whatsoever from the beginning of time to the date of this Release, except as set forth in Paragraph 1(b) below, including, but not limited to, any rights or claims relating in any way to (i) the Executive's employment relationship with the Company or the Company's decision to terminate the Executive's employment, (ii) all claims for attorneys' fees, punitive or consequential damages and (iii) all claims arising under any federal, state and local labor, employment and/or anti-discrimination laws including, without limitation, the federal Age Discrimination in Employment Act of 1967, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1990, the Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act of 1993, the New York State and City Human Rights Law, each as amended, and any other federal, state, local or foreign law or judicial decision. The Executive further agrees that the Company does not owe the Executive any further wages, compensation or benefits, except the wages, compensation and benefits specifically enumerated in the severance agreement to which this Release is attached (the "Severance Agreement").

Executive Release. (a) The Except as specifically provided in the following paragraph, and in consideration of the benefits provided under Section 2 of this Agreement, which provides for payments and benefits in addition to payments and benefits to which Executive would otherwise be entitled, Executive, on behalf of the Executive and Executive, the Executive's ’s heirs, executors, administrators, successors executors and assigns, hereby irrevocably, unconditionally, voluntarily, knowingly and willingly releases and forever discharges the Company, its parentspast and present stockholders, their its past and present divisions, subsidiaries, divisions affiliates and affiliatesrelated entities, together with their respective officers, its successors and assigns and all past and present directors, partners, shareholdersofficers, employees, agents, attorneys heirs, executors and representativesadministrators and their heirs and assigns, and any and all employee retirement, health and welfare and other benefit plans, programs and arrangements of their predecessors the Company, including current and successors former trustees and each administrators of their estatesall such employee benefit plans, heirs programs and assigns arrangements (collectively, the "Company “Releasees"”), from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, rights, costs, lossesactions, causes of action in law or in equity, administrative proceedings, suits, claims, debts, liens, sums of money, charges, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands, debts or expenses of any nature demands whatsoever, in law or equity, whether known or unknown, that which against the Releasees Executive or the Executive's heirs, executors, administrators, ’s successors or and assigns ever had, now have or hereafter can, will shall or may have against the Company have, for, upon, or the Company Releasees by reason of any matter, cause or thing whatsoever from the beginning of time the world to the date of this Release, except as set forth in Paragraph 1(b) belowincluding without limitation, includingany claims Executive may have arising from or relating to Executive’s employment or termination from employment with the Company, but not limited to, including a release of any rights or claims relating in any way to (i) the Executive's employment relationship with the Company or the Company's decision to terminate the Executive's employment, (ii) all claims for attorneys' fees, punitive or consequential damages and (iii) all claims arising Executive may have under any federal, state and local labor, employment and/or anti-discrimination laws including, without limitation, the federal Age Discrimination in Employment Act of 1967, Title VII of the Civil Rights Act of 1964, as amended, and the Civil Rights Act of 19901991 (which prohibit discrimination in employment based upon race, color, sex, religion, and national origin); the Americans with Disabilities Act of 1990, as amended, and the Rehabilitation Act of 1973 (which prohibit discrimination based upon disability); the Family and Medical Leave Act of 1993 (which prohibits discrimination based on requesting or taking a family or medical leave); Section 1981 of the Civil Rights Act of 1866 (which prohibits discrimination based upon race); Section 1985(3) of the Civil Rights Act of 1871 (which prohibits conspiracies to discriminate); the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act of 1993as amended (which prohibits discrimination with regard to benefits); any other federal, the New York State and City Human Rights Law, each as amended, and state or local laws against discrimination; or any other federal, state, or local statute, or foreign common law relating to employment, wages, hours, or judicial decisionany other terms and conditions of employment. This includes a release by Executive of any claims for wrongful discharge, breach of contract, torts or any other claims in any way related to Executive’s employment with or resignation or termination from the Company. This Release also includes a release of any claims for age discrimination under the Age Discrimination in Employment Act, as amended (“ADEA”). The ADEA requires that Executive further agrees be advised to consult with an attorney before Executive waives any claim under ADEA. In addition, the ADEA provides Executive with at least twenty-one (21) days to decide whether to waive claims under ADEA and seven (7) days after Executive signs the waiver to revoke that the Company does not owe the Executive any further wages, compensation or benefits, except the wages, compensation and benefits specifically enumerated in the severance agreement to which this Release is attached (the "Severance Agreement").waiver. b.

Executive Release. (a) The ExecutiveExecutive agrees, on behalf of the Executivefor himself, the Executive's his spouse, heirs, executorsexecutor or administrator, administrators, successors and assigns, hereby irrevocablyinsurers, unconditionallyattorneys and other persons or entities acting or purporting to act on his behalf, voluntarilyto irrevocably and unconditionally release, knowingly and willingly releases acquit and forever discharges discharge the Company, its parents, their subsidiaries, divisions and affiliates, together with their respective officerssubsidiaries, directors, partnersofficers, employees, shareholders, employeespartners, agents, attorneys and representatives, predecessors, successors, assigns, insurers, attorneys, benefit plans sponsored by the Company and any of their predecessors said plans’ fiduciaries, agents and successors and each of their estates, heirs and assigns trustees (collectively, the "collectively “Company Releasees"Parties”), from any and all chargesactions, complaintscause of action, suits, claims, obligations, liabilities, obligationsdebts, promises, agreements, controversies, rights, costs, losses, causes of action and demands, debts or expenses contentions, damages, judgments, levies and executions of any nature whatsoeverkind, whether in law or in equity, known or unknown, that which the Executive or the Executive's heirshas, executors, administrators, successors or assigns ever has had, now have or hereafter can, will or may in the future claim to have against any of the Company Parties. This release specifically includes without limitation any claims arising in tort or the Company Releasees by reason of any matter, cause or thing whatsoever from the beginning of time to the date of this Release, except as set forth in Paragraph 1(b) below, including, but not limited tocontract, any rights or claims relating in claim based on wrongful discharge, any way to (i) the Executive's employment relationship with the Company or the Company's decision to terminate the Executive's employmentclaim based on breach of contract, (ii) all claims for attorneys' fees, punitive or consequential damages and (iii) all claims any claim arising under any federal, state or local law prohibiting race, sex, age, religion, national origin, handicap, disability or other forms of discrimination, any claim arising under federal, state or local law concerning employment practices, and local labor, employment and/or anti-discrimination laws includingany claim relating to compensation or benefits. This specifically includes, without limitation, any claim which the federal Age Discrimination in Employment Act of 1967, Executive has or has had under Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1990Age Discrimination in Employment Act, as amended, the Americans with Disabilities Act of 1990Act, as amended, and the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act of 1993, the New York State and City Human Rights Law, each as amended, . It is understood and any other federal, state, local or foreign law or judicial decisionagreed that the waiver of benefits and claims contained in this Section does not include a waiver of the right to benefits and payment of consideration to which the Executive is entitled expressly under this Agreement. The Executive further agrees acknowledges that he is only entitled to the Company does not owe the Executive benefits and compensation expressly set forth in this Agreement, and that all other claims for any further wages, other benefits or compensation or benefits, except the wages, compensation and benefits specifically enumerated in the severance agreement to which this Release is attached (the "Severance Agreement")are hereby waived.