Separation Agreement and Release of Claims Sample Contracts

Separation Agreement and Release of Claims
Separation Agreement and Release of Claims • April 25th, 2013 • Pacer International Inc • Arrangement of transportation of freight & cargo • Ohio

This Separation Agreement and Release of Claims (the “Agreement”) is between Pacer International, Inc. and Michael A. Burns (“you”) and memorializes our mutual agreement and understanding in connection with the termination of your employment with Pacer International, Inc. (“Pacer”), and its Affiliates (as defined in Section 19 below) (collectively, the “Company”) and settlement and release of potential claims as noted below. This Agreement shall become effective as set forth in Section 4 below. Accordingly, in consideration of the mutual covenants and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Pacer and you hereby agree as follows:

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Dear Ian Massey: As you know, StemCells, Inc. (the “Company” or “StemCells”) has terminated its Phase II Pathway Study and has begun a wind down of the Company’s operations. The Company has determined that both your continued employment and...
Separation Agreement and Release of Claims • August 15th, 2016 • Stemcells Inc • Biological products, (no disgnostic substances) • California

This letter supersedes any and all separation, severance and salary continuation arrangements, programs and plans which were previously offered by StemCells, Inc., and in particular supersedes and terminates section 7 of your Employment Agreement, dated March 6, 2015 (collectively, the “Superseded Agreement”). In other words, by your counter-signature below, you agree that you will not receive, and release all entitlement to, any payments and other benefits provided for under the Superseded Agreement, except as otherwise provided herein.

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • March 30th, 2004 • Nanogen Inc • Laboratory analytical instruments • California

THIS SEPARATION AND RELEASE AGREEMENT (the “Agreement”), dated May 21, 2003 is entered into by GERARD A. WILLS (“Executive”) and NANOGEN, INC., a Delaware corporation (the “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • December 11th, 2018 • U.S. Auto Parts Network, Inc. • Retail-auto & home supply stores • California

This Separation Agreement and Release of Claims (the “Agreement”) is made effective December 11, 2018 (the “Effective Date”), by and between David Eisler (“Employee”) and U.S. Auto Parts Network, Inc., its officers, directors, employees, foreign and domestic subsidiaries, benefit plans and plan administrators, affiliates, agents, joint ventures, attorneys, successors and/or assigns (collectively referred to as “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • January 9th, 2009 • Ev3 Inc. • Surgical & medical instruments & apparatus • Minnesota

This Separation Agreement and Release of Claims (this “Agreement”) is made by and between me, Patrick Spangler, and ev3 Endovascular, Inc. (“ev3” or the “Company”). The Company and I have agreed to separate according to the terms set forth in this Agreement. I do not believe that I have any claims against the Company, but I nevertheless have agreed to resolve any actual and potential claims arising out of my employment with and separation from the Company by entering into this Agreement.

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • August 9th, 2016 • Nexeo Solutions, Inc. • Industrial organic chemicals • Texas

This Separation Agreement and Release of Claims (“Agreement”) is made and entered into between Nexeo Solutions, LLC (“Company”), Nexeo Solutions Holdings, LLC (“Holdings”), and Henry E. Harrell (“Employee”). Capitalized terms used in this Agreement but not otherwise defined will have the meanings given to them in the Series B Unit Agreements between Holdings, the Company, and Employee, dated September 17, 2012, and May 19, 2014.

RECITALS
Separation Agreement and Release of Claims • December 30th, 2003 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • February 26th, 2018 • Meridian Bioscience Inc • In vitro & in vivo diagnostic substances • Ohio

This Separation Agreement and Release of Claims ("Agreement") is made by and between MERIDIAN BIOSCIENCE, INC. (the "Company"), and RICHARD L. EBERLY ("Executive").

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • July 18th, 2012 • Tornier N.V. • Orthopedic, prosthetic & surgical appliances & supplies • Minnesota

This Separation Agreement and Release of Claims (“Agreement”) is made by and between Carmen Diersen (“Employee”), and Tornier, Inc. (“Tornier” or the “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • March 17th, 2020 • Cornerstone Building Brands, Inc. • Prefabricated metal buildings & components • Texas

This Separation Agreement and Release of Claims (the “Agreement”) is a binding contract between Cornerstone Building Brands, Inc. and its subsidiaries, affiliates, and related entities (including the entities known as NCI Group, Inc., NCI Building Systems, Inc., Ply Gem Industries, Inc., and Employee’s hiring entity), (collectively, the “Company”), on the one hand, and, Donald R. Riley, individually (“Employee”), on the other hand. The Company and Employee will be referred to individually as a “Party” and collectively as the “Parties.”

RECITALS
Separation Agreement and Release of Claims • March 30th, 2007 • Environmental Solutions Worldwide Inc • Motor vehicle parts & accessories
SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • May 9th, 2023 • V2X, Inc. • Services-facilities support management services • Virginia

This Separation Agreement and Release of Claims (“Agreement”) is made by and between Richard Mendoza (“Mr. Mendoza”), and V2X, Inc. (“V2X”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • April 10th, 2019 • U.S. Auto Parts Network, Inc. • Retail-auto & home supply stores • California

This Separation Agreement and Release of Claims (the “Agreement”) is made effective April 5, 2019 (the “Effective Date”), by and between Neil Watanabe (“Employee”) and U.S. Auto Parts Network, Inc., its officers, directors, employees, foreign and domestic subsidiaries, benefit plans and plan administrators, affiliates, agents, joint ventures, attorneys, successors and/or assigns (collectively referred to as “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • July 30th, 2021 • CytoDyn Inc. • Pharmaceutical preparations • Washington

This Separation Agreement and Release of Claims (the “Agreement”) is made and entered into by and between Mahboob U. Rahman, M.D. Ph.D. (“Employee”) and CytoDyn Inc. (“Employer”). It is intended to clearly set forth the terms and conditions of Employee’s separation from employment with Employer, and to facilitate a smooth and amicable transition from employment.

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • October 22nd, 2014 • Seachange International Inc • Radio & tv broadcasting & communications equipment

This Separation Agreement and Release of Claims (this “Agreement”) is entered into as of the date last written below by and between SeaChange International, Inc. (the “Company” or “SeaChange”) and Raghavendra Rau (“Executive”) (individually, a “Party,” and collectively, the “Parties”). The Parties hereby agree as follows:

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • February 2nd, 2007 • nFinanSe Inc. • Short-term business credit institutions • Florida

This SEPARATION AGREEMENT AND RELEASE OF CLAIMS (this “Release”) is entered into this 29th day of January, 2007 by and between nFinanSe Inc. (“Company”) and Clifford Wildes (“Employee”), (each a “Party” or collectively the “Parties”). In consideration of the promises and commitments made in this Release, the sufficiency and fairness of which is hereby acknowledged, Company and Employee agree as follows:

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • August 6th, 2010 • NexCen Brands, Inc. • Patent owners & lessors • New York

All capitalized terms used herein unless otherwise defined in this Agreement shall have the meaning assigned to them in the Employment Agreement (as defined below).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • January 26th, 2009 • Datatrak International Inc • Services-prepackaged software • Ohio

THIS SEPARATION AGREEMENT AND RELEASE (“Agreement”), is made and entered into by and between DATATRAK International, Inc. (“Company”) and Dr. Jeffrey A. Green (“Employee”) on the dates written below.

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • January 6th, 2011 • Cycle Country Accessories Corp • Motor vehicle parts & accessories • Iowa

THIS SEPARATION AGREEMENT AND RELEASE (“Agreement”), is made and entered into by and between Cycle Country Accessories Corp. (“Company”) and Jeffrey M. Tetzlaff (“Employee”) on the dates written below.

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • February 24th, 2016 • Holly Energy Partners Lp • Pipe lines (no natural gas)

This Separation Agreement and Release of Claims (“Agreement”) is an agreement between Holly Energy Partners, L.P., Holly Logistic Services, L.L.C (“HLS”), HollyFrontier Payroll Services, Inc., and HollyFrontier Corporation (for the limited purposes set forth herein) (“HFC”), on behalf of themselves and their parents, subsidiaries, affiliates, directors and officers (collectively, the “Company”), and me, Bruce R. Shaw.

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • September 26th, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

This Separation Agreement and Release of Claims (“Separation Agreement”) is entered into by and between Electromed, Inc., a Minnesota corporation (“Electromed”) and Robert D. Hansen (“Hansen”).

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SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • May 5th, 2016 • Engility Holdings, Inc. • Services-engineering services

This Separation Agreement and Release of Claims (this “Agreement”) is dated as of February 29, 2016 (the “Effective Date”), by and among Anthony Smeraglinolo (the “Executive”), and Engility Holdings, Inc., a Delaware corporation (together with its Affiliates, the “Company”)

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • August 6th, 2010 • NexCen Brands, Inc. • Patent owners & lessors • New York

All capitalized terms used herein unless otherwise defined in this Agreement shall have the meaning assigned to them in the Employment Agreement (as defined below).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • February 10th, 2010 • Neomagic Corp • Semiconductors & related devices • California

This Separation Agreement and Release of Claims (“Separation Agreement”) is made by and between NeoMagic Corporation (the “Company”), and Douglas R. Young, (“Employee”). The Company and Employee shall collectively be referred to in this Separation Agreement as the “Parties” and sometimes individually as a “Party.”

Separation Agreement and Release of Claims
Separation Agreement and Release of Claims • June 20th, 2023 • Cano Health, Inc. • Services-offices & clinics of doctors of medicine

This Separation Agreement and Release of Claims (the “Release”) is entered into by and among Cano Health, LLC (the “Company”), Cano Health, Inc. (the “Parent”), and Marlow Hernandez (the “Executive”) (collectively, the “Parties”) in connection with the “Employment Agreement” among the Executive, the Company and the Parent. Terms with initial capitalization that are not otherwise defined in this Release have the meanings set forth in the Employment Agreement. The consideration for the Executive’s agreement to this Release consists of the severance pay and benefits set forth in Section 6 of the Employment Agreement, subject to the Employment Agreement’s terms and conditions and the amendment to the terms of Executive’s outstanding equity awards as described in the letter agreement between Executive and the Parent, dated June 18, 2023 (the “Equity Letter”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • November 13th, 2012 • Tornier N.V. • Orthopedic, prosthetic & surgical appliances & supplies • Minnesota

This Separation Agreement and Release of Claims (“Agreement”) is made by and between Douglas W. Kohrs (“Executive”) and Tornier, Inc. (“Tornier” or the “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • October 31st, 2008 • Cliffs Natural Resources Inc. • Metal mining

This Separation Agreement and Release of Claims (“Agreement”) is made by and between Randy L. Kummer (hereinafter referred to as “Employee”) and the Cleveland-Cliffs Inc (hereinafter referred to as “Employer”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • June 20th, 2016 • Endocyte Inc • Pharmaceutical preparations • Indiana

This Separation Agreement and Release of Claims (this "Agreement") is entered into by and between Endocyte, Inc. ("Endocyte"), and P. Ron Ellis ("Ellis") (together, the "Parties") and will become effective on the date that is eight days after Ellis has executed and not revoked this Agreement (the “Effective Date”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • August 7th, 2007 • Gmac LLC • Finance lessors

This Separation Agreement and General Release of Claims (“Agreement”) is made and entered into between Residential Funding Company, LLC (“RFC” or “Company”) and Bruce Paradis (“Paradis” or “you”). This Agreement represents our mutual understanding and agreement concerning your at-will employment with RFC, which will terminate effective June 1, 2007 (“Separation Date”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • April 7th, 2016 • Seachange International Inc • Radio & tv broadcasting & communications equipment

This Separation Agreement and Release of Claims (this “Agreement”) is entered into as of the date last written below by and between SeaChange International, Inc. (the “Company” or “SeaChange”) and Jay Samit (“Executive”) (individually, a “Party,” and collectively, the “Parties”). The Parties hereby agree as follows:

CERTAIN MATERIAL (INDICATED BY [***]) HAS BEEN OMITTED FROM THIS DOCUMENT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCOSED.
Separation Agreement and Release of Claims • March 12th, 2021 • Assertio Holdings, Inc. • Pharmaceutical preparations • Delaware

This SEPARATION AGREEMENT AND RELEASE OF CLAIMS (this “Release”) is entered into on this 14th day of December 2020 by and between Todd N. Smith (the “Executive”) and Assertio Management, LLC (the “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • January 13th, 2017 • Rent a Center Inc De • Services-equipment rental & leasing, nec • Texas

This Separation Agreement and Release of Claims (this “Agreement”) is entered into effective as of this 9th day of January, 2017 (the “Effective Date”), by and between Robert D. Davis (“Executive”) and Rent-A-Center, Inc., a Delaware corporation (the “Company”).

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • April 25th, 2006 • Franklin Credit Management Corp/De/ • Finance services • New York

THIS AGREEMENT, entered into as of the ___ day of January 2006, by and between Franklin Credit Management Corporation (the "Company"), a Delaware corporation, and Jeffrey R. Johnson ("Employee");

SEPARATION AGREEMENT AND RELEASE OF CLAIMS
Separation Agreement and Release of Claims • May 15th, 1997 • Poore Brothers Inc • Miscellaneous food preparations & kindred products • Arizona
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