Release of Executive Sample Clauses

Release of Executive. In consideration of the promises set forth in this Agreement, the Company hereby releases and forever discharges Executive from any and all claims, complaints, causes of action, and demands of any kind, whether known or unknown, which Company has, ever has had, or may have arising out of or related to the performance of Executive’s services to Company as its Executive Vice President and Chief Operating Officer, but only to the extent to which Executive is or would be entitled to indemnification pursuant to a written agreement entered into with the Company with respect to such claim, complaint, cause of action or demand. The purpose of this Section 2.1 is to release Executive only from those claims, complaints, causes of action and demands with respect to which he is entitled to indemnification pursuant to a written agreement entered into with the Company and this Section 2.1 shall be interpreted in a manner consistent with this purpose.
AutoNDA by SimpleDocs
Release of Executive. The Company (including its past and present parent, subsidiary and affiliated corporations, divisions or other related entities, as well as the successors, shareholders, officers, directors, heirs, predecessors, assigns, agents, employees, attorneys and representatives of each of them, past or present) does hereby and forever release and discharge the Executive and his agents, heirs, successors, assigns, executors and/or administrators from any and all causes of action, actions, judgments, liens, debts, contracts, indebtedness, damages, losses, claims, liabilities, rights, interests and demands of whatsoever kind or character, known or unknown, suspected to exist or not suspected to exist, anticipated or not anticipated, whether or not heretofore brought before any state or federal court or before any state or federal agency or other governmental entity, which the Company has or may have against any released person or entity by reason of any and all acts, omissions, events or facts occurring or existing prior to the date hereof, including, without limitation, all claims attributable to the employment of Executive, all claims attributable to the termination of that employment, and all claims arising under any federal, state or other governmental statute, regulation or ordinance or common law, such as, for example and without limitation. In light of the intention of the Company (including its past and present parent, subsidiary and affiliated corporations, divisions or other related entities, as well as the successors, shareholders, officers, directors, heirs, predecessors, assigns, agents, employees, attorneys and representatives of each of them, past or present) that this release extend to any and all claims of whatsoever kind or character, known or unknown, the Company expressly waives any and all rights granted by California Civil Code Section 1542 or any other analogous federal or state law or regulation. Section 1542 reads as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
Release of Executive. In consideration of Executive’s entering into this Agreement, the Company, for itself and its affiliates and their respective predecessors, successors and assigns hereby releases and forever discharges Executive and her heirs, personal representatives, successors and assigns from and against any and all claims, demands, damages, actions, causes of action, costs and expenses, of whatever kind or nature, in law, equity or otherwise, which the Company or any of said entities now has, may ever have had or may have hereafter upon or by reason of any matter, cause or thing occurring, done or omitted to be done prior to the date of this Agreement, relating to or arising out of Executive’s status as an officer, director or employee of the Company or any of said entities or the termination of that status or involving any matter occurring from the beginning of Executives’ employment with the Company and its affiliates to the date of these presents, or involving any continuing effects of any actions or practices which may have arisen or occurred from the beginning of such employment to the date of these presents; provided, however, that this release shall not apply to any claims the Company or any of said entities or parties may have which arise out of or relate to the conviction of Executive for the commission of a felony involving dishonesty with respect to the Company or any of said entities or parties.
Release of Executive. As a material inducement to Executive to enter into this Agreement, the Company, on behalf of itself and its current and former subsidiaries, parents and other direct or indirect affiliates, as well as each of their respective stockholders, partners, heirs, executors, administrators, agents, employees, officers, directors, successors, insurers, assigns and attorneys does hereby irrevocably and unconditionally forever release and discharge Executive and his agents, attorneys, heirs, executors, administrators and assigns of and from any and all manner of actions, cause or causes of action, suits, debts, sums of money, costs, interests, attorneys’ fees, liabilities, contracts, accounts, reckonings, bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, charges, claims, counterclaims and demands, whatsoever, in law or in equity or otherwise, that the Company now has or may have, whether mature, direct, derivative, subrogated, personal, assigned, both known and unknown, foreseen or unforeseen, contingent or actual, liquidated or unliquidated, arising with respect to any matter, including without limitation his employment with the Company and its subsidiaries or his services as a director of the Company or the termination of such employment and services, through the Effective Date, or arising thereafter with respect to his employment with the Company and its subsidiaries and his services as a director of the Company prior to the Effective Date or the termination of such employment and services, and, including specifically, without limitation and without limiting the generality of the foregoing, the provisions of Section 14 (Non-competition) of the Employment Agreement. Nothing herein will release Executive from any claims or damages based on any right the Company may have under this Agreement.
Release of Executive. In consideration of the promises made by Executive hereunder, the Company, on behalf of itself and its affiliates, hereby releases and forever discharges Executive from any and all claims, known or unknown, at law or in equity, that the Company has, or may have as of the date hereof, arising out of or relating to Executive's employment or the termination of executive's employment with the Company or with any affiliate of the Company.
Release of Executive. Executive hereby represents, warrants, and covenants that Executive has complied with all duties and obligations that he may have had to the Company or its Affiliates and is not aware of any facts, circumstances, or any other basis for a colorable claim to be brought against Executive by the Company or its Affiliates or any other persons or entities relating to Executive’s employment or relationship with the Company or any of its Affiliates. In light of and in reliance upon the foregoing, the Company hereby releases Executive from any and all Claims in law or in equity, which the Company ever had or now has against Executive, including, without limitation, any Claims arising by reason of or in any way connected with Executive’s employment or relationship with the Company or any of its Affiliates; provided, however, that the Company shall not release Executive from any Claims relating to any act or omission of Executive outside the scope of his employment or relationship with the Company or any of its Affiliates. For the avoidance of doubt, this is no way impacts any release that Executive received in connection with the bankruptcy proceeding from which Superior Energy Services emerged in February 2021. 
Release of Executive. In consideration of Executive’s entering into this Agreement, the Company, for itself and its affiliates and their respective predecessors, successors and assigns hereby releases and forever discharges Executive and his heirs, personal representatives, successors and assigns from and against any and all claims, demands, damages, actions, causes of action, costs and expenses, of whatever kind or nature, in law, equity or otherwise, which the Company or any of said entities now has, may ever have had or may have hereafter upon or by reason of any matter, cause or thing occurring, done or omitted to be done prior to the date of this Agreement, relating to or arising out of Executive’s status as an officer, director or employee of the Company or any of said entities or the termination of that status or involving any matter occurring from the beginning of Executives’ employment with the Company and its affiliates to the date of these presents, or involving any continuing effects of any actions or practices which may have arisen or occurred from the beginning of such employment to the date of these presents; provided, however, that this release shall not apply to any claims the Company or any of said entities or parties may have which arise out of or relate to the provisions of Sections 5, 6, and 7 of Executive’s Employment Agreement; provided, further, that this release shall not apply to any claims the Company or any of said entities or parties may have which arise out of or relate to the conviction of Executive for the commission of a felony involving dishonesty with respect to the Company or any of said entities or parties.
AutoNDA by SimpleDocs
Release of Executive. The Company, on behalf of itself and its affiliates, and on behalf of all past, present and future officers, directors and employees of Company, releases and fully and forever discharges Executive and his successors and assigns from any and all liabilities, claims, and actions of any kind or nature, actual or contingent, known or unknown, relating to or arising out of any action taken by Executive or omitted to be taken by Executive during his employment with Company, including, without limitation, breach of contract, or any federal, state or local laws relating in any way to Executive’s employment with Company prior to the date hereof. Company understands and agrees that this release and waiver applies to any and all forms of monetary and other relief which they might seek in connection with Executive’s employment by Company.
Release of Executive. In consideration for Executive’s commitments set forth in this Agreement and in the Waiver and Release, the Company irrevocably and unconditionally releases and discharges Executive and Executive’s heirs, executors, personal representatives and successors and assigns, from any and all claims, including attorneys’ fees, complaints, liabilities, obligations, damages, actions of any nature, known or unknown, suspected or unsuspected, that it ever had or now has relating in any way to Executive’s employment relationship or the termination of Executive’s employment relationship with the Company, other than claims arising from any act or omission of the Executive which constitutes gross negligence, willful misconduct or fraud. For purposes of this Section 8, “willful” means that the act or failure to act was taken or omitted not in good faith and without reasonable belief that Executive’s action or omission was in the best interests of the Company. The Company shall be entitled to all of the benefits in this Section 8 and in Section 9 from and after the Effective Date, including the right to enforce the same as provided in Section 8(g); provided, however, that its sole non-equitable remedy shall be as set forth in Section 8(f).
Release of Executive. Except as otherwise provided in Paragraphs c and f of this Release, Interwoven, on behalf of itself and all persons included in the Company, hereby fully and forever releases and discharges the Executive Parties from any and all claims, obligations, duties, causes of action, whether now known or unknown, suspected or unsuspected, that any of them may possess based upon or arising out of any matter, cause, fact, thing, act, or omission whatsoever occurring or existing at any time prior to and including the date hereof relating to Executive’s employment at Interwoven or his service as an officer or director of Interwoven.
Time is Money Join Law Insider Premium to draft better contracts faster.