Severance and Release Agreement Sample Contracts

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RECITALS
Severance and Release Agreement • August 26th, 2002 • Mti Technology Corp • Computer storage devices • California
SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • June 6th, 2023 • Calavo Growers Inc • Agricultural services • California

THIS SEVERANCE AND RELEASE AGREEMENT (“Agreement”) is made and entered into by and between Calavo Growers, Inc. (“Calavo”) and Brian Kocher (“Employee”).

SEVERANCE AND RELEASE AGREEMENT (“AGREEMENT”)
Severance and Release Agreement • November 2nd, 2021 • CVR Partners, Lp • Agricultural chemicals • Texas

This agreement sets forth the terms and conditions regarding your separation from employment from CVR Services, LLC and service as an officer of CVR Energy, Inc. and the general partner of CVR Partners, LP (collectively, the “Company”) effective August 9, 2021 (the “Separation Date”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • April 14th, 2005 • Rewards Network Inc • Services-business services, nec

This Agreement is between Domenic Rinaldi (for himself and anyone acting for him) (the “Employee”) and Rewards Network Establishment Services Inc. (for itself or any affiliated company, or its or their present and past officers, directors, supervisors, employees and anyone else acting for it or them) (the “Employer”).

Contract
Severance and Release Agreement • May 8th, 2002 • Alphanet Solutions Inc • Wholesale-computers & peripheral equipment & software • New Jersey

SEVERANCE AND RELEASE AGREEMENT THIS SEVERANCE AND RELEASE AGREEMENT is made and entered into as of the 12th day of April 2002 by and between ALPHANET SOLUTIONS, INC., a New Jersey corporation (the “Company”), and VINCENT TINEBRA (“Employee”), residing at 5 Overlook Drive, Holmdel, New Jersey 07733-1315.

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • August 6th, 2015 • FelCor Lodging Trust Inc • Real estate investment trusts • Texas

This Severance and Release Agreement (this “Agreement”) is made and entered into as of the latest date indicated on the signature page hereof by and between the undersigned individual (“Employee”) and FelCor Lodging Trust Incorporated (“Employer”) (each of Employer and Employee may be referred to herein as a “Party,” and collectively, they may be referred to herein as the “Parties”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • January 8th, 2016 • LSB Industries Inc • Industrial inorganic chemicals • Oklahoma

This Severance and Release Agreement (this “Agreement”) is entered by and between David M. Shear (“Executive”) and LSB Industries, Inc. (the “Company”) (collectively, the “Parties”), effective as of December 31, 2015 (“Termination Date”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • August 2nd, 2006 • Uil Holdings Corp • Electric services • Connecticut

This Severance and Release Agreement ("Severance Agreement") is made and entered into as of April 10, 2006 by and between LOUIS J. PAGLIA ("Mr. Paglia") and UIL Holdings Corporation (the “Company”).

Severance and Release Agreement
Severance and Release Agreement • November 10th, 2015 • Surgiquest Inc • Surgical & medical instruments & apparatus • Connecticut

This Severance and Release Agreement (“Release Agreement”) is entered into by and between Thomas J. Dugan (“Executive”) and SurgiQuest, Inc., its parent, subsidiaries, affiliates and divisions, including but not limited to TriNet HR Corporation (collectively “the Company”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • February 13th, 2008 • Forward Industries Inc • Plastics products, nec • New York

This Severance and Release Agreement (this “Agreement”) is entered into as of this 31st day of December, 2007, by and between Michael M. Schiffman, residing at 22153 Larkspur Trail, Boca Raton, Florida 33433 ("Executive" or “you”), and Forward Industries, Inc., a New York corporation (“Forward”) having its principal offices at 1801 Green Road, Suite E, Pompano Beach, Florida 33064 (Forward, together with its wholly-owned subsidiaries Forward Innovations, Koszegi Industries, Inc., and Koszegi, Asia, Ltd., are referred to herein as the "Company").

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • June 4th, 2014 • Brady Corp • Miscellaneous manufacturing industries

Scott Hoffman (“Mr. Hoffman”) and Brady Corporation (the “Company”) hereby enter into this Severance and Release Agreement (“Agreement”) which is effective as of February 20, 2014 (“Effective Date”) to resolve all matters relating to Mr. Hoffman’s employment with and separation from the Company. Mr. Hoffman and the Company hereby agree as follows:

SEATTLE GENETICS, INC. SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • February 23rd, 2012 • Seattle Genetics Inc /Wa • Biological products, (no disgnostic substances) • Washington

This Severance and Release Agreement (the “Agreement”) is entered into as of February 23, 2012 (the “Effective Date”) by and between Seattle Genetics, Inc. (the “Company”) and Bruce J. Seeley (“Employee”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • January 18th, 2008 • Black Hills Corp /Sd/ • Electric services

This Severance and Release Agreement (the “Agreement”) is between Mark T. Thies (“Employee”), and Black Hills Corporation, a South Dakota corporation, the (“Employer”). Effective January 18, 2008 (the “Separation Date”), the employment relationship between Employer and Employee shall be terminated.

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • August 25th, 2004 • Leiner Health Services Corp. • Pharmaceutical preparations

This SEVERANCE AND RELEASE AGREEMENT (“Agreement”) is made and entered into by and between LEINER HEALTH PRODUCTS L.L.C., a Delaware Limited Liability Company (“Employer”) and GERARDO PEREZ (“Employee”) on the terms and conditions set forth below.

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • November 6th, 2006 • Golden Star Resources LTD • Gold and silver ores • Colorado

This Severance and Release Agreement (the “Agreement”) is made between (i) Allan J. Marter (“Mr. Marter”) and (ii) Golden Star Resources Ltd. (the “Company”). Mr. Marter and the Company are referred to collectively as the “Parties” and individually as a “Party.”

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • May 1st, 2007 • Noble International, Ltd. • Motor vehicle parts & accessories • Michigan

THIS AGREEMENT is made and entered into as of this the 27th day of April, 2007, by and between Larry W. Garretson (hereinafter “Garretson”) and Noble International, Ltd. and any and all of its subsidiaries and affiliates (hereinafter referred to as “Noble”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • February 24th, 2011 • Nutracea • Grain mill products • Arizona

Margie Adelman ("Adelman") and NutraCea ("NutraCea”) hereby enter into this Severance Agreement and Release of Claims ("Agreement") dated November 11, 2008 on the following terms and conditions. Adelman and NutraCea are each sometimes referred to herein individually as a “Party” or collectively as the “Parties”.

PURCHASE, SEVERANCE, AND RELEASE AGREEMENT DONNA SINGER and PURE BIOSCIENCE, INC.
Severance, and Release Agreement • August 20th, 2013 • Pure Bioscience, Inc. • Miscellaneous chemical products • California
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SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • May 5th, 2017 • OneMain Holdings, Inc. • Personal credit institutions
SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • November 12th, 2015 • Bellerophon Therapeutics, Inc. • Pharmaceutical preparations • New Jersey

This Severance and Release Agreement (the “Agreement”) is made by and between Bellerophon Therapeutics, Inc. (the “Company”) and Manesh Naidu (the “Employee”) (collectively, the “Parties”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • December 27th, 2019 • Iteris, Inc. • Communications equipment, nec • California

This SEVERANCE AND RELEASE AGREEMENT (the “Agreement”) is hereby made and entered into this 6th day of December, 2019, by and between ITERIS, INC. (the “Company”) and ANDREW SCHMIDT (“Executive”) (the Company and Executive, together, the “Parties”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • November 29th, 2005 • Rewards Network Inc • Services-business services, nec

This Agreement is between Gerald J. Hughes (for himself and anyone acting for him) (the “Employee”) and Rewards Network Establishment Services Inc. (for itself or any affiliated company, or its or their present and past officers, directors, supervisors, employees and anyone else acting for it or them) (the “Employer”).

SEVERANCE AND RELEASE AGREEMENT (Officer Name)
Severance and Release Agreement • May 2nd, 2019 • Laredo Petroleum, Inc. • Crude petroleum & natural gas • Oklahoma

This is Severance and Release Agreement (the "Agreement") entered into by and between Laredo Petroleum, Inc. ("Laredo") and you, ________________ and shall become effective on the eighth (8th) day following your execution and delivery of this Agreement if not earlier revoked by you (the "Effective Date").

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • March 10th, 2009 • Avi Biopharma Inc • Pharmaceutical preparations • Oregon

THIS SEVERANCE AND RELEASE AGREEMENT (“Agreement”) is between Peter O’Hanley (“Employee”) and AVI BioPharma, Inc. (“Employer”), and is effective on the eighth day after Employee signs this Agreement (“Effective Date”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • October 20th, 2009 • Sterling Bancshares Inc • State commercial banks • Texas

WHEREAS, Sterling Bancshares, Inc., a Texas Corporation (“Bancshares”), Sterling Bank, a banking association chartered by the State of Texas and an indirect subsidiary of Bancshares (“Bank”), collectively (the “Company”), and John A Rossitto (“Executive”) previously entered into a Severance and Non-Competition Agreement dated January 11, 2006 (“Prior Agreement”);

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • June 16th, 2016 • Glowpoint, Inc. • Telephone communications (no radiotelephone) • Colorado

This Severance and Release Agreement (this “Agreement”) is made between Gary Iles (“Employee”) and Glowpoint, Inc., a Delaware corporation (the “Company”). Employee and the Company are referred to collectively as the “Parties.”

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • March 8th, 2019 • Sonic Automotive Inc • Retail-auto dealers & gasoline stations

THIS SEVERANCE AND RELEASE AGREEMENT (this “Agreement”) is made and entered into by and between B. Scott Smith (“Executive”) and Sonic Automotive, Inc. (“Sonic”), on the date set forth on the signature page hereof (the “Date of this Agreement”), to be effective as of the date provided for in Section 8(f) below.

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • August 16th, 2010 • Forward Industries Inc • Plastics products, nec • New York

This Severance and Release Agreement (this “Agreement”) is entered into as of this 10th day of August 2010 (“Effective Date”), by and between Douglas W. Sabra, residing at 7441 Brunswick Circle, Boynton Beach, Florida 33472 ("Executive" or “you”), and Forward Industries, Inc., a New York corporation (“Forward”), having its principal offices at 1801 Green Road, Suite E, Pompano Beach, Florida 33064 (Forward, together with its wholly-owned subsidiaries Forward Innovations, Koszegi Industries, Inc., and Koszegi, Asia, Ltd., are referred to herein as the "Company").

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • March 22nd, 2021 • Shoe Carnival Inc • Retail-shoe stores • Indiana

This SEVERANCE AND RELEASE AGREEMENT (this “Agreement”) is entered into by and between SHOE CARNIVAL, INC. (the “Company”) and TIMOTHY BAKER (“Baker”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • March 10th, 2015 • Bank of Commerce Holdings • State commercial banks • California

This Severance and Release Agreement (“Agreement”), is made by and among Redding Bank of Commerce (“Employer”), Bank of Commerce Holdings (“Company”) and Patrick J. Moty (“Employee”).

SEVERANCE AND RELEASE AGREEMENT
Severance and Release Agreement • May 7th, 2020 • MusclePharm Corp • Pharmaceutical preparations • California

MusclePharm Corporation its subsidiaries, parents, predecessors, successors and affiliates (the “Company”) and Brian Casutto, Employee’s heirs, executors, administrators, successors, and assigns (collectively referred to throughout this Agreement as “Employee”), agree that:

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