Termination Agreement and General Release Sample Contracts

RECITALS
Termination Agreement and General Release • March 22nd, 2006 • Brainstorm Cell Therapeutics Inc • Biological products, (no disgnostic substances) • Tel-Aviv
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TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • November 14th, 2003 • Investools Inc • Services-educational services • Utah

THIS TERMINATION AGREEMENT AND GENERAL RELEASE (the “Agreement”) is executed on this 26th day of August, 2003 by and between INVESTools, Inc., a Delaware corporation (the “Company”) and Scott Elder (“Employee”).

RECITALS:
Termination Agreement and General Release • November 14th, 2001 • Devx Energy Inc /Nv/ • Metal mining
TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • June 22nd, 2007 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations

James L. Fares, on behalf of himself and his heirs, successors, and assigns (the “Executive”) and Questcor Pharmaceuticals, Inc. (the “Company”) hereby agree to the following terms and conditions related to the recent termination of Executive’s employment with the Company.

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • August 5th, 2004 • Mod Pac Corp • Paperboard mills

THIS TERMINATION AND GENERAL RELEASE (the "Termination Agreement"), dated as of July 2, 2004 (the "Effective Date") is between MOD-PAC CORP ("Mod-Pac"), a New York corporation with a principal place of business at 1801 Elmwood Avenue, Buffalo, NY 14207, USA and VISTAPRINT LIMITED ("VistaPrint"), a Bermuda corporation with a registered office at Canon's Court, 22 Victoria Street, Hamilton, HM 12 Bermuda.

RECITALS:
Termination Agreement and General Release • April 18th, 2001 • United Leisure Corp • Lessors of real property, nec
TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 2nd, 2007 • Richardson Electronics LTD/De • Wholesale-electronic parts & equipment, nec • Illinois

WHEREAS, the parties agree that Employee is involuntarily terminated effective as of the close of business on June 1, 2007; and, further, that the payments provided herein shall be in lieu of any payments under any Company policy relating to retirement or termination of Employee’s employment and shall be to resolve and settle all possible claims the Employee may have against or with respect to the Company;

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • December 18th, 2008 • Champion Enterprises Inc • Mobile homes • Michigan

This Termination Agreement and General Release (the “Release Agreement”) is made and entered into as of December 17, 2008, by Jeffrey L. Nugent (“Employee”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • March 30th, 2012 • Health Enhancement Products Inc • Food and kindred products

This Termination Agreement and General Release is between the undersigned Oxford Holdings, LLC (“Oxford”), The Venture Group, LLC (“VG”) and Health Enhancement Products, Inc., a Nevada corporation (the “Company”) and is dated as of this 26th day of January, 2012.

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • October 23rd, 2003 • Champion Enterprises Inc • Mobile homes • Michigan

This Termination Agreement and General Release (the “Agreement”) is made and entered into as of July 31, 2003 by and between Champion Enterprises, Inc., a Michigan corporation whose address is 2701 Cambridge Court, Suite 300, Auburn Hills, Michigan, 48326, and its subsidiaries, affiliates, and related entities, and any divisions thereof (together, the “Employer”) and Philip C. Surles (the “Employee”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • July 25th, 2007 • Snap on Inc • Cutlery, handtools & general hardware

THIS TERMINATION AGREEMENT AND GENERAL RELEASE (this “Agreement”) is entered into as of this 29 day of April, 2007, by and between Snap-on Incorporated, a Delaware corporation (the “Company”), and Alan T. Biland (the “Executive”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 12th, 2006 • Richardson Electronics LTD/De • Wholesale-electronic parts & equipment, nec • Illinois

RICHARDSON ELECTRONICS, LTD., whose principal office is located at 40W267 Keslinger Road, P.O. Box 393, LaFox, Illinois 60147-0393 (the “Company”), and Arthur R. Buckland, 263 Elm Street, Concord, MA 01742-2215 (“Employee”) agree that the following sets forth their complete agreement and understanding regarding the termination of the Employee’s employment with the Company:

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • August 14th, 2003 • Westmoreland Coal Co • Bituminous coal & lignite mining • Colorado

This Termination Agreement and General Release (“Agreement”) is made and entered into by and among Robert J. Jaeger (hereinafter referred to as “Mr. Jaeger”) and Westmoreland Coal Company (hereinafter referred to as “Westmoreland”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • November 6th, 2001 • E Trade Group Inc • Security brokers, dealers & flotation companies • New York

This TERMINATION AGREEMENT AND GENERAL RELEASE (hereinafter, the “Termination Agreement”) is hereby entered into as of the 20th day of August 2001, by and between SoundView Technology Group, Inc., a Delaware corporation formerly known as Wit SoundView Group, Inc. and as Wit Capital Group, Inc. (“Wit SoundView”), and E*TRADE Group Inc., a Delaware corporation (“E*TRADE”). Wit SoundView and E*TRADE are referred to herein as the “Parties,” and each of them individually as a “Party.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • January 24th, 2013 • Discount Dental Materials, Inc. • Wholesale-medical, dental & hospital equipment & supplies • Texas

This Termination Agreement and General Release (the “Agreement”) is made effective as of the 18th day of January, 2013 (the “Effective Date”), by and between Discount Dental Materials, Inc., a Nevada corporation (“DDOO”) on one hand, and Eric Clemons, an individual (“Clemons”), on the other hand. DDOO and Clemons are each referred to herein as a “Party” and collectively as the “Parties.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • June 4th, 2015 • Richardson Electronics LTD/De • Wholesale-electronic parts & equipment, nec • Illinois

RlCHARDSON ELECTRONICS , LTD., whose principal office is located at 40W267 Keslinger Road, P.O. Box 393, LaFox, Illinois 60147-0393 (the "Company"), and Kathleen S. Dvorak, 1032 Oakwood Drive, Westmont, IL 60559 ("Employee") agree that the following sets forth their complete agreement and understanding regarding the termination of the Employee's employment with the Company and release of claims:

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • January 24th, 2013 • Discount Dental Materials, Inc. • Wholesale-medical, dental & hospital equipment & supplies • Texas

This Termination Agreement and General Release (the “Agreement”) is made effective as of the 18th day of January, 2013 (the “Effective Date”), by and between Discount Dental Materials, Inc., a Nevada corporation (“DDOO”) on one hand, and Paul Sandhu, an individual (“Sandhu”), on the other hand. DDOO and Sandhu are each referred to herein as a “Party” and collectively as the “Parties.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • August 2nd, 2018 • McDonalds Corp • Retail-eating places • Illinois

THIS TERMINATION AGREEMENT AND GENERAL RELEASE (this “Agreement”) is entered into as of this 3 day of March, 2017, by and between McDonald’s Corporation, a Delaware corporation (the “Company”) and Gloria Santona (the “Executive”), pursuant to the Company’s Executive Retention Replacement Plan (the “Plan”), a copy of which is attached hereto as Exhibit A.

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 9th, 2006 • Sputnik, Inc. • Computer communications equipment • Nevada

This TERMINATION AGREEMENT AND GENERAL RELEASE (hereinafter, the “Termination Agreement”) is hereby entered into as of the 8th day of May, 2006, by and between Sputnik, Inc., a Nevada corporation, its principal David LaDuke and related affiliates (collectively “Sputnik”), and GoPublicToday.com, Inc., Public Company Management Corporation, Public Company Management Services, Inc., and their related principal Stephen Brock (collectively “GPT”). Sputnik and GPT are referred to herein as the “Parties,” and each of them individually as a “Party.”

CONFIDENTIAL
Termination Agreement and General Release • March 23rd, 1998 • Advanced Fibre Communications Inc • Telephone & telegraph apparatus
RECITALS
Termination Agreement and General Release • April 15th, 2002 • Truserv Corp • Wholesale-lumber, plywood, millwork & wood panels • Illinois
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TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • January 24th, 2013 • Discount Dental Materials, Inc. • Wholesale-medical, dental & hospital equipment & supplies • Texas

This Termination Agreement and General Release (the “Agreement”) is made effective as of the 18th day of January, 2013 (the “Effective Date”), by and between Discount Dental Materials, Inc., a Nevada corporation (“DDOO”) on one hand, and Gerald A. DeCiccio, an individual (“DeCiccio”), on the other hand. DDOO and DeCiccio are each referred to herein as a “Party” and collectively as the “Parties.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • August 13th, 2002 • Us Industries Inc /De • Heating equip, except elec & warm air; & plumbing fixtures • New Jersey

This is an agreement and general release (the “Agreement”), by and between James O’Leary (“Executive”, “you” or “your”) and U.S. Industries, Inc. (the “Company”), regarding the termination of the Executive’s employment by the Company without Cause (as defined in Executive’s Restated Employment Agreement, dated September 1, 1999, as amended thereafter (the “Employment Agreement”)), following the closing of the lighting transaction.

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • February 1st, 2023 • Faraday Future Intelligent Electric Inc. • Motor vehicles & passenger car bodies • California

This Termination Agreement and General Release (“Termination Agreement”) is entered into by and among Carsten Breitfeld (“Employee”), Faraday Future Intelligent Electric Inc. (the “Company”) and Faraday&Future Inc., a wholly-owned subsidiary of the Company and the employer of Employee (“Faraday Future”), as of January 30, 2023 (the “Effective Date”).

CONFIDENTIAL TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 9th, 2012 • Federal National Mortgage Association Fannie Mae • Federal & federally-sponsored credit agencies

This AGREEMENT AND GENERAL RELEASE (the “Agreement”), dated February 17, 2012, is made and entered into by and between David C. Hisey, (“you” or “Hisey”) and Fannie Mae (collectively, the “Parties”).

TERMINATION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS
Termination Agreement and General Release • August 4th, 2004 • Quantum Corp /De/ • Computer storage devices

This Termination Agreement and General Release (the "Agreement") is made by and between Quantum Corporation, a Delaware corporation (“Quantum”), and Michael J. Lambert (Quantum employee # 18356), collectively, (the “Parties”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • November 3rd, 2016 • NewStar Financial, Inc. • Finance lessors • Massachusetts

This Termination Agreement and General Release (“Agreement”) is made by and between NewStar Financial, Inc., on behalf of itself and all of its predecessors, successors and affiliated entities (collectively, “NewStar” or the “Company”), and Peter A. Schmidt-Fellner, on behalf of himself, his executors, heirs, administrators, agents, attorneys, administrators, beneficiaries and assigns (collectively, “Schmidt-Fellner”). In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, NewStar and Schmidt-Fellner agree as follows:

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 14th, 2002 • Axsys Technologies Inc • Optical instruments & lenses • Connecticut

This Termination Agreement and General Release (“Agreement”) is entered into by and between Axsys Technologies, Inc. a Delaware corporation (“Axsys”), and John Hanley, an individual residing at 34 Joel Drive, Hebron, CT 06238 (“Employee”), as of January 10, 2002, for the purpose of amicably concluding their employment relationship.

TERMINATION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS
Termination Agreement and General Release • June 2nd, 2005 • Quantum Corp /De/ • Computer storage devices

This Termination Agreement and General Release (the "Agreement") by and between Quantum Corporation, a Delaware corporation (“Quantum” or “Company”), and George Kreigler III (Quantum employee #9032) (“Mr. Kreigler”), collectively, (the “Parties”).

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