Common use of Release of Claims by the Executive Clause in Contracts

Release of Claims by the Executive. In exchange for the executive severance benefits set forth in Section 7 of the Employment Agreement, the sufficiency of which is hereby acknowledged, and as a material inducement to the Company to enter into the Employment Agreement and this Release Agreement, the Executive hereby irrevocably and unconditionally releases the Company and its parents, subsidiaries, predecessors, successors, affiliates and joint ventures, and all of their directors, officers, employees, representatives, attorneys, agents, insurers, assigns, employee benefit programs (and the trustees, administrators, fiduciaries, and insurers of such programs), and any other persons acting by, through, under, or in concert with any of the persons or entities identified above (the “Released Parties”) from all known and unknown claims, promises, debts, obligations, causes of action, or similar rights of any type, in law or in equity, that the Executive has, had or may have had arising from or relating to his employment with the Company and the termination thereof (“Claims”). The Executive understands that the Claims that he is hereby releasing include, but are not limited to:

Appears in 2 contracts

Samples: Scott Murray Employment Agreement (3com Corp), Scott Murray Employment Agreement (3com Corp)

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Release of Claims by the Executive. In exchange for the executive severance benefits set forth in Section 7 2 of the Employment Severance Agreement, the sufficiency of which is hereby acknowledged, and as a material inducement to the Company 3Com to enter into the Employment Severance Agreement and this Release Agreement, the Executive hereby irrevocably and unconditionally releases the Company 3Com and its parents, subsidiaries, predecessors, successors, affiliates and joint ventures, and all of their directors, officers, employees, representatives, attorneys, agents, insurers, assigns, employee benefit programs (and the trustees, administrators, fiduciaries, and insurers of such programs), and any other persons acting by, through, under, or in concert with any of the persons or entities identified above (the “Released Parties”) from all known and unknown claims, promises, debts, obligations, causes of action, or similar rights of any type, in law or in equity, that the Executive has, had or may have had arising from or relating to his employment with the Company 3Com and the termination thereof (“Claims”). The Executive understands that the Claims that he is hereby releasing include, but are not limited to:

Appears in 1 contract

Samples: Severance Agreement (3com Corp)

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Release of Claims by the Executive. In exchange for consideration of the executive severance benefits set forth in Section 7 8 of the Employment Agreement, the sufficiency of which is are hereby acknowledged, and as a material inducement to the Company to enter into the Employment Agreement and this Release Agreement, the Executive hereby irrevocably and unconditionally releases the Company and its parents, subsidiaries, predecessors, successors, affiliates and joint ventures, and all of their directors, officers, employees, representatives, attorneys, agents, insurers, assigns, employee benefit programs (and the trustees, administrators, fiduciaries, and insurers of such programs), and any other persons acting by, through, under, or in concert with any of the persons or entities identified above (the "Company Released Parties") from all known and unknown claims, promises, debts, obligations, causes of action, or similar rights of any type, in law or in equity, that the Executive has, had or may have had arising from or relating to his employment with the Company and the termination thereof ("Executive Claims"). The Executive understands that the Executive Claims that he is hereby releasing include, but are not limited to:

Appears in 1 contract

Samples: Employment Agreement (3com Corp)

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