Separation and Release Agreement Sample Contracts

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SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • January 29th, 2007 • American Technology Corp /De/ • Household audio & video equipment

I, Charles Peacock (“Employee,” “me” or “I”), understand that my position with American Technology Corporation (the “Company”) was terminated effective November 27, 2006 (the “Separation Date”). The Company has agreed that in exchange for my signature on this Agreement and the promises and covenants herein, the Company will pay me severance in the amount of $37,500.00 (Thirty Seven Thousand Five Hundred Dollars and No Cents) minus the standard withholdings and deductions. This payment will be made within five (5) business days after the expiration of the revocation period described below. I understand that I am not entitled to this severance payment unless I sign and do not revoke this Agreement. I understand and agree that in addition to this severance the Company has paid me all of my accrued salary and vacation, to which I am entitled by law.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 14th, 2020 • Jack in the Box Inc /New/ • Retail-eating places • California

I, Phillip Rudolph, whose address is [ ], understand that my employment with Jack in the Box Inc. and/or any past or present subsidiary, affiliate, predecessor, or successor, (Collectively referred to herein as “Company”) will terminate March 2, 2020 (“Termination Date”). This Separation and Release Agreement (“Agreement”) is entered into in connection with my termination.

Separation and Release Agreement
Separation and Release Agreement • August 11th, 2023 • Exicure, Inc. • Pharmaceutical preparations • Illinois

This Separation and Release Agreement (the “Agreement”) by and between Exicure, Inc. (the “Company”) and Elias Papadimas (“You” or “Your”) (the Company and You collectively referred to as the “Parties”), is entered into and effective as of April 26, 2023 (the “Effective Date”).

May 7, 2017 Timothy Michno c/o Kate Spade & Company New York, New York 10016 Dear Mr. Michno, As you know, Kate Spade & Company (the “Company”) intends to enter into an Agreement and Plan of Merger with Coach, Inc. (“Parent”) and a wholly-owned...
Separation and Release Agreement • May 26th, 2017 • Kate Spade & Co • Women's, misses', and juniors outerwear • New York

In consideration for your continued employment following the Merger, the sufficiency of which the parties acknowledge, and consistent with the terms of the Merger Agreement and the related Company Disclosure Letter, you and the Company acknowledge and agree that, effective as of the Effective Time (as defined in the Merger Agreement), your Executive Severance Agreement dated as of January 1, 2017 (your “Existing Agreement”), and your equity award agreements will be deemed amended to reflect the changes set forth below. Any capitalized terms not defined in this letter shall have the meaning ascribed to them in your Existing Agreement.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • October 4th, 2018 • Innoviva, Inc. • Pharmaceutical preparations • California

This Separation and Release Agreement (this “Agreement”), delivered September 28, 2018, confirms the following understandings and agreements between Innoviva, Inc. (the “Company”) and George B. Abercrombie (hereinafter referred to as “you” or “your”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 9th, 2022 • CarLotz, Inc. • Retail-auto dealers & gasoline stations • Virginia

This Separation and Release Agreement (the “Agreement”) is entered into on April 1, 2022, by and between Daniel Valerian (“Employee”) and CarLotz Inc., a Delaware corporation (the “Company”). Capitalized terms used but not defined herein shall have the meanings set forth in that certain Employment Agreement, entered into as of December 11, 2020, by and between Employee and the Company (the “Employment Agreement”).

WITNESSETH:
Separation and Release Agreement • July 15th, 2004 • Singing Machine Co Inc • Phonograph records & prerecorded audio tapes & disks • Florida
Duckwall-Alco Stores, Inc. Abilene, Kansas 67410 February 11, 2010
Separation and Release Agreement • February 25th, 2010 • Duckwall Alco Stores Inc • Retail-variety stores • Kansas

This is your Employment Agreement (the “Agreement’) with Duckwall-Alco Stores, Inc., a Kansas corporation (the “Company”). It sets forth the terms of your employment with the Company.

Separation and Release Agreement
Separation and Release Agreement • July 19th, 2023 • Axalta Coating Systems Ltd. • Paints, varnishes, lacquers, enamels & allied prods

This Separation and Release Agreement (“Agreement”) is made by and between Sean M. Lannon (“Executive”) and Axalta Coating Systems Ltd., a Bermuda exempted limited liability company (the “Company” and as the context requires the Company shall include the Company’s subsidiaries) (collectively, referred to as the “Parties” or individually referred to as a “Party”). Capitalized terms used but not defined in this Agreement shall have the meanings set forth in the Executive Agreement (as defined below).

SEPARATION AND RELEASE AGREEMENT For EXECUTIVE OFFICERS
Separation and Release Agreement • November 23rd, 2021 • Jack in the Box Inc /New/ • Retail-eating places • California

I, Adrienne Ingoldt, whose address is [ ], understand that my employment with Jack in the Box Inc. and/or any past or present subsidiary, affiliate, predecessor, or successor, (Collectively referred to herein as “Company”) will terminate September 24, 2021 (“Termination Date”). This Separation and Release Agreement (“Agreement”) is entered into in connection with my termination.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • March 16th, 2011 • Augme Technologies, Inc. • Communications equipment, nec • New York

This Separation and Release Agreement (this “Agreement”) is made and entered into as of July 9, 2010 (the “Contract Date”), by and between Scott Russo (“Employee” or “You”) and Augme Technologies, Inc., (formerly Modovox, Inc.) a Delaware corporation (the “Company” or “Employer”). Employee and the Company are sometimes each referred to herein as a “Party” and collectively, as the “Parties”. Terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Employment Agreement (as defined below).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • February 28th, 2020 • Heska Corp • In vitro & in vivo diagnostic substances • Colorado

This Separation and Release Agreement (the “Agreement”) is made between (i) Steve Asakowicz (“Employee”) and (ii) Heska Corporation (the “Company”). Employee and the Company are referred to collectively as the “Parties” and individually as a “Party.”

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 27th, 2018 • Eclipse Resources Corp • Crude petroleum & natural gas

THIS SEPARATION AND RELEASE AGREEMENT (this “Agreement”) is made and entered into effective as of August 24, 2018 (the “Effective Date”), by and between Eclipse Resources Corporation, a Delaware corporation (the “Company”), and Christopher K. Hulburt (“Executive”). Any capitalized term set forth in this Agreement that is not defined in this Agreement shall have the meaning given to such term in the amended and restated employment agreement dated as of August 14, 2017, between Executive and the Company (the “Employment Agreement”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • January 27th, 2014 • PTGi HOLDING, INC. • Telephone communications (no radiotelephone) • Virginia

THIS SEPARATION AND RELEASE AGREEMENT (the “Agreement”) is made and entered into by and between James C. Keeley (the “Employee”), and PTGi Holding, Inc. (“Parent”), Primus Telecommunications, Inc. (“PTI”) and its affiliate PTGi International Carrier Services, Inc. (“PTGi-ICS” and together with PTI and Parent, the “Employer”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • April 2nd, 2008 • Edgar Filingnet Inc • Services-business services, nec • Georgia

THIS AGREEMENT (the “Agreement”) is entered and made effective the 31st day of March, 2008, by and between JAMES REIMER (the “Individual”) and COASTAL CAPITAL ACQUISITION CORP., a Georgia corporation (the “Company”) (collectively, the “Parties”).

EXHIBIT 10.92
Separation and Release Agreement • October 21st, 2002 • Major Automotive Companies Inc • Retail-auto dealers & gasoline stations • New York
SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • December 22nd, 2015 • Nii Holdings Inc • Radiotelephone communications • Virginia

This Separation and Release Agreement (“Agreement”) is made by and between NII Holdings, Inc. (“NII”), a Delaware corporation, and _______ (hereinafter “Employee”). NII and Employee are collectively referred to as the “Parties” and individually as a “Party.”

PRIMEDIA Inc. New York, New York 10151 July 19, 1999
Separation and Release Agreement • March 17th, 2008 • Primedia Inc • Periodicals: publishing or publishing & printing • New York

In connection with your continuing employment with PRIMEDIA Inc. (“the Company”), this letter will constitute our agreement relating to amounts and benefits owing to you in connection with any termination of your employment.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 7th, 2014 • Alabama Power Co • Electric services • Florida

This SEPARATION AND RELEASE AGREEMENT (Agreement) is entered into by PAUL BERNARD JACOB (Employee) and GULF POWER COMPANY (Company) and arises out of Employee’s separation from service. In consideration of the material promises contained herein, the parties agree as follows:

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SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • January 22nd, 2016 • Lincoln Educational Services Corp • Services-educational services • New Jersey

THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made between Lincoln Educational Services Corporation (the “Company”) and Kenneth M. Swisstack (“you”), and is in consideration of their mutual undertakings as set forth in this Agreement.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • November 8th, 2023 • Wm Technology, Inc. • Services-prepackaged software • California

THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made and entered into effective October 18 , 2023 (the “Effective Date”), between Ghost Management Group, LLC, a Delaware limited liability company, and its owners, officers, directors, shareholders, employees, agents, assigns, representatives, affiliates, parents, subsidiaries and successors in interest (collectively, the “Company”), on the one hand, and Randa Dawnelle McMinn, an individual (“Employee”), on the other hand. Each of the Company and Employee may be referred to individually as a “Party” and collectively as the “Parties.”

Separation and Release Agreement Effective as of November 16, 2023
Separation and Release Agreement • February 22nd, 2024 • Perimeter Solutions, SA • Chemicals & allied products • Delaware

This Separation and Release Agreement (this “Agreement”) is entered into as of the date first set forth above by and among Perimeter Solutions, SA, a public company limited by shares duly incorporated and validly existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 12E, rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg and registered with the Registre de Commerce et des Sociétés, Luxembourg (Luxembourg Trade and Companies Register) under number B 256.548 (the “Parent”), Perimeter Solutions LP, a Delaware limited partnership (the “Company”), and Charles W Kropp (the “Executive”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 2nd, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled

This Separation and Release Agreement (this “Agreement”) is entered into by and between Lee Applbaum (“Employee”) and Wheels Up Partners LLC (the “Company”). In consideration of the material promises contained herein, the parties agree as follows:

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • November 3rd, 2023 • ConnectOne Bancorp, Inc. • State commercial banks • New Jersey

This Separation and Release Agreement ("Agreement") is made as of this 29th day of September, 2023 by and among Christopher J. Ewing ("Employee"), ConnectOne Bancorp, Inc., a New Jersey corporation (“CNOB”) and ConnectOne Bank, a New Jersey chartered commercial bank (“Bank”, and with CNOB, collectively the "Employer").

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • September 30th, 2020 • Benefitfocus, Inc. • Services-prepackaged software • South Carolina

This SEPARATION AND RELEASE AGREEMENT (the “Agreement”) is made and entered into this 29th day of September, 2020 (the “Effective Date”) by and between James Restivo, a citizen and resident of South Carolina (hereinafter “Executive”), and Benefitfocus, Inc., a Delaware corporation, together with its subsidiaries and affiliates, including, without limitation, Benefitfocus.com, Inc., a South Carolina corporation (collectively, the “Company”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 9th, 2011 • Harvest Natural Resources, Inc. • Crude petroleum & natural gas • Texas

THIS SEPARATION AND RELEASE AGREEMENT (this “Agreement”) is made as of the 5th day of July, 2011, by and between Patrick R. Oenbring (the “Executive”) and Harvest Natural Resources, Inc. (the “Company”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 10th, 2012 • MModal Inc. • Services-computer processing & data preparation • New Jersey

This SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made as of March 21, 2012 by and between Mark R. Sullivan, a New Jersey resident ("Employee"), and MModal MQ Inc. (f/k/a MedQuist Inc.) (the "Company"), a New Jersey corporation, having its principal office at 9009 Carothers Parkway, Suite C-2, Franklin, TN 37067.

Separation and Release Agreement
Separation and Release Agreement • August 11th, 2023 • Exicure, Inc. • Pharmaceutical preparations • Illinois

This Separation and Release Agreement (the “Agreement”) by and between Exicure, Inc. (the “Company”) and Matthias Schroff (“You” or “Your”) (the Company and You collectively referred to as the “Parties”), is entered into and effective as of April 26, 2023 (the “Effective Date”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 31st, 2019 • Wayside Technology Group, Inc. • Wholesale-computers & peripheral equipment & software • New Jersey

This Separation and Release Agreement (this “Agreement”) is entered into by and between Wayside Technology Group, Inc., a Delaware corporation (the “Company”), on behalf of itself, its subsidiaries, and other corporate affiliates and each of their respective employees, officers, directors, owners, shareholders, and agents (collectively referred to as the “Company Group”), and Steve DeWindt, an individual residing at 970 Meadowlark Dr., Laguna Beach, CA 92651 (the “Executive”). The Company and the Executive may be referred to herein individually as a “Party” and collectively as the “Parties”. This Agreement will become effective on the day following the seven-day revocation period described in Section 6(h) (the “Effective Date”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 27th, 2009 • Ultra Clean Holdings Inc • Semiconductors & related devices • California

SEPARATION AND RELEASE AGREEMENT (“Agreement”) dated as of April 29, 2009, by and between Ultra Clean Holdings, Inc., a Delaware corporation (together with its successors, the “Company”), and Jack Sexton (“Executive”).

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