TERMINATION OF CONSULTING AGREEMENT; RELEASE Sample Clauses

TERMINATION OF CONSULTING AGREEMENT; RELEASE. Prior to the Effective Date, the Executive was providing services to the Company pursuant to consulting agreements between the Company/its affiliates and Finalysis Group, LLC (collectively, the “Consulting Agreements”). The Company and Finalysis Group, LLC (“Finalysis”) hereby irrevocably agree that the Consulting Agreements are hereby terminated as of the Effective Date. Each of Finalysis and Company hereby for themselves, and on behalf of all of their Subsidiaries and affiliates (each, as applicable, a “Releasor Party”), fully, irrevocably and unconditionally releases, remises, waives and forever discharges the other party, and such other party’s Subsidiaries and affiliates (each, as applicable, a “Released Party” )of and from, any and all claims, counterclaims, demands, damages, contributions, indemnities, suits, rights to xxx, covenants, dues, contracts, judgments, actions and causes of action at law or in equity, whether arising by statute, contract, common law, or otherwise, including claims for negligence, (collectively, the “Claims”) that a Releasor Party, had, has, or may have, against any Released Party arising out of, or in connection with the Consulting Agreement. [Signature Page Follows] CHIEF EXECUTIVE OFFICER EMPLOYMENT AGREEMENT
Sample 1
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Related to TERMINATION OF CONSULTING AGREEMENT; RELEASE

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

  • Amendment of Employment Agreement The Employment Agreement is hereby amended as follows:

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Effect of Employment Agreement Notwithstanding any provision herein to the contrary, in the event of any inconsistency between this Section 6 and any employment agreement entered into by and between you and the Company, the terms of the employment agreement shall control.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Separation Agreement and General Release The Company’s obligation to make the Severance Payment or to pay the Salary Continuation is conditioned on Executive’s or his legal representative’s executing a separation agreement and general release of claims related to or arising from Executive’s employment with the Company or the termination of employment, against the Company and its affiliates (and their respective officers and directors) in a form reasonably determined by the Company, which shall be provided by the Company to Executive within five (5) days following the Date of Termination; provided, that, if Executive should fail to execute (or revokes) such release within 60 days following the Date of Termination, the Company shall not have any obligation to provide the Severance Payment or the Salary Continuation. If Executive executes the release within such 60 day period and does not revoke the release within seven (7) days following the execution of the release, the Severance Payment will be made in accordance with Section 4(a)(ii) or the Salary Continuation shall commence at such time, as applicable.

  • Employment Agreement On the terms and conditions set forth in this Agreement, the Company agrees to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 hereof and in the position and with the duties set forth in Section 3 hereof. Terms used herein with initial capitalization are defined in Section 10.12 below.

  • Termination Agreement (1) If the Franchise Agreement shall be terminated due to the expiration, both parties shall sign a Termination Agreement through negotiation completed 180 days prior to the expiration date.

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