Common use of Shareholder Release Clause in Contracts

Shareholder Release. Seller shall have executed and delivered to Buyer immediately prior to the Closing Date an instrument dated the Closing Date releasing the Company from any and all claims of the Seller against the Company and obligations of the Company to the Seller, except for items specifically identified thereon as being claims of or obligations to the Seller and continuing obligations to Seller relating to his employment by the Company.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Internet Law Library Inc), Stock Purchase Agreement (Internet Law Library Inc), Stock Purchase Agreement (Internet Law Library Inc)