Termination of Employment Agreement Sample Contracts

RECITALS
Termination of Employment Agreement • November 1st, 2002 • Med Diversified Inc • Services-computer processing & data preparation • Florida
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TERMINATION OF EMPLOYMENT AGREEMENT AND RELEASE AGREEMENT (DUFFY)
Termination of Employment Agreement • February 29th, 2012 • Kraton Performance Polymers, Inc. • Plastic materials, synth resins & nonvulcan elastomers • Texas

This Termination of Employment and Release Agreement (this “Agreement”) is effective as of October 31, 2011 (the “Effective Date”) by and among Kraton Performance Polymers, Inc. (f/k/a Polymer Holdings LLC), a Delaware corporation (“Kraton”), Kraton Polymers LLC, a Delaware limited liability company (the “Company”) and Stephen W. Duffy (“Executive”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • October 13th, 2005 • Dotronix Inc • Miscellaneous manufacturing industries • Minnesota

This TERMINATION OF EMPLOYMENT AGREEMENT (the “Agreement”), dated September 12, 2005, is entered into by and between Dotronix, Inc. (Dotronix, Inc. and any successor entity are referred to herein as “Company”) and Robert V. Kling (“Employee”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • September 2nd, 2009 • 1st Pacific Bancorp • State commercial banks • California

This Termination of Employment Agreement (this “Agreement”) is entered into as of , 2009 by and between [ ] (“Employee”), and 1st Pacific Bancorp, a California corporation (“Bancorp”) and 1st Pacific Bank of California, a California state bank (“Bank”) (collectively, Bancorp and Bank are referred to as the “Employer”) and made effective as of the Effective Time of the Merger (as these terms are defined below).

TERMINATION OF EMPLOYMENT AGREEMENT AND MUTUAL GENERAL RELEASE
Termination of Employment Agreement • July 7th, 2023 • TREES Corp (Colorado) • Retail-drug stores and proprietary stores

THIS TERMINATION OF EMPLOYMENT AGREEMENT AND MUTUAL GENERAL RELEASE (“Termination”) is entered into as of July 1, 2023 (“Effective Date”), by and between Allyson Feiler Downing, an individual (“Employee”), and TREES Corporation, a Colorado corporation (the “Company).

MUTUAL TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • March 14th, 2016 • LaPorte Bancorp, Inc. • Savings institutions, not federally chartered • Indiana

THIS MUTUAL TERMINATION OF EMPLOYMENT AGREEMENT (“Agreement”) is entered into on this 10th day of March, 2016, but effective as of the Effective Time (as defined below), by and among LAPORTE BANCORP, INC., a Maryland corporation (“LPB”), LAPORTE SAVINGS BANK, an Indiana state chartered savings bank and wholly‑owned subsidiary of LPB (“LPSB”), and PATRICK W. COLLINS, the current Senior Vice President/Mortgage Warehouse Lending of LPSB (the “Executive”) (hereinafter collectively referred to as the “Parties”). HORIZON BANCORP (“Horizon”), a bank holding company under the Bank Holding Company Act of 1956, as amended, and HORIZON BANK, NATIONAL ASSOCIATION, (“Horizon Bank”), a wholly‑owned national banking association subsidiary of Horizon, are Parties for the limited purposes described herein.

Termination of Employment Agreement
Termination of Employment Agreement • March 17th, 2008 • Ness Technologies Inc • Services-computer programming services

WHEREAS the Manager was employed by the Company pursuant to the terms of an Employment Agreement dated April 21, 2005 (hereinafter, the “Employment Agreement”); and

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • August 13th, 2013 • Arista Power, Inc. • Engines & turbines • New York

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Mr. Mark Matthews (the “Executive”).

TERMINATION OF EMPLOYMENT AGREEMENT, RELEASE AND ADDITIONAL COMPENSATION AGREEMENT
Termination of Employment Agreement • May 15th, 2019 • IMH Financial Corp • Real estate • Delaware

This Termination of Employment Agreement, Release and Additional Compensation Agreement (“Agreement”) is entered into as of the 9th day of April, 2019 (“Effective Date”) between Lawrence D. Bain (“Executive”) and IMH Financial Corporation (“Company”) (collectively “Parties”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • July 21st, 2010 • YTB International, Inc. • Transportation services

This agreement terminates the Employment Agreement dated January 1, 2008 between J. Scott Tomer and YTB International, Inc. (the “Company”) and the April 6, 2010 modification effective February 1, 2010 between J. Scott Tomer and the Company in consideration for participation in the Company’s 2010 Incentive Plan and Severance Compensation Program.

TERMINATION OF EMPLOYMENT AGREEMENT, CONFIDENTIAL SETTLEMENT AGREEMENT AND RELEASE OF ALL CLAIMS
Termination of Employment Agreement • May 13th, 2011 • Banctec Inc • Computer peripheral equipment, nec • Texas

The following documents the Termination of Employment Agreement and Confidential Settlement Agreement and Release of All Claims (“Agreement”) by and between Michael D. Fallin (“Executive”), and BancTec, Inc. (“BancTec”) (together, the “Contracting Parties”) regarding any and all past and present claims and their future effects that have arisen or could arise out of the Executive’s employment relationship with BancTec or his separation therefrom. This Agreement is binding upon and extends to the Parties hereto and their: individual officers; directors; shareholders; stockholders; employees; parents; subsidiaries; affiliates; corporations; companies; divisions; partners; representatives; heirs; executors; assigns; administrators; successors; predecessors; d/b/a’s and assumed names; and insurers -- whether specifically mentioned hereafter or not. This Agreement will become effective upon the date specified in subsection 14.d. below (the “Effective Date”).

TERMINATION OF EMPLOYMENT AGREEMENT AND WAIVER OF RIGHTS
Termination of Employment Agreement • August 19th, 2019 • Geospatial Corp • Services-business services, nec

This Agreement (“Agreement”) is entered into by and between Geospatial Corporation, a Nevada corporation (the “Company”), Mark Smith (“Smith”), and David Truitt (“Truitt”) and is effective as of June 6, 2019. The Company, Smith and Truitt shall collectively be referred to as the “Parties.”

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • July 23rd, 2001 • Epicedge Inc • Services-computer integrated systems design

Agreement (the “Agreement”) made as of the 29th day of September 2000 by and between EpicEdge, Inc., a Texas corporation (the “Company”) and Charles H. Leaver, Jr. (the “Employee”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • June 30th, 2014 • American Sands Energy Corp. • Crude petroleum & natural gas

Green River Resources, Inc. ("GRI") and Robin Gereluk hereby agree that the Amended and Restated Employment Agreement, dated March 31, 2011, is terminated and of no further force and effect as of May 31, 2014.

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • August 13th, 2013 • Arista Power, Inc. • Engines & turbines • New York

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Mr. Adeeb Saba (the “Executive”).

TERMINATION OF EMPLOYMENT AGREEMENT, CONFIDENTIAL SETTLEMENT AGREEMENT AND RELEASE OF ALL CLAIMS
Termination of Employment Agreement • October 22nd, 2009 • Banctec Inc • Computer peripheral equipment, nec • Texas

The following documents the Termination of Employment Agreement and Confidential Settlement Agreement and Release of All Claims (“Agreement”) by and between Brendan P. Keegan (“Executive”), and BancTec, Inc. (“BancTec”) (together, the “Contracting Parties”) regarding any and all past and present claims and their future effects that have arisen or could arise out of the Executive’s employment relationship with BancTec or his separation there from. This Agreement is binding upon and extends to the Parties hereto and their: individual officers; directors; shareholders; stockholders; employees; parents; subsidiaries; affiliates; corporations; companies; divisions; partners; representatives; heirs; executors; assigns; administrators; successors; predecessors; d/b/a’s and assumed names; and insurers — whether specifically mentioned hereafter or not. This Agreement will become effective upon the date it is fully executed by both parties hereto (the “Effective Date”).

TERMINATION OF EMPLOYMENT AGREEMENT AND RELEASE AGREEMENT (OTT)
Termination of Employment Agreement • February 29th, 2012 • Kraton Performance Polymers, Inc. • Plastic materials, synth resins & nonvulcan elastomers • Texas

This Termination of Employment and Release Agreement (this “Agreement”) is effective as of October 31, 2011 (the “Effective Date”) by and among Kraton Performance Polymers, Inc. (f/k/a Polymer Holdings LLC), a Delaware corporation (“Kraton”), Kraton Polymers LLC, a Delaware limited liability company (the “Company”) and Richard A. Ott (“Executive”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • March 6th, 2020 • Saia Inc • Trucking (no local) • Delaware

This Termination of Employment Agreement (this “Agreement”) is entered into on March 5, 2020, effective April 28, 2020 (the “Effective Date”) by and between Richard D. O’Dell (“Executive”) and Saia, Inc., a Delaware corporation (the “Company”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • August 19th, 2019 • Geospatial Corp • Services-business services, nec

This Termination of Employment Agreement (“Agreement”) is entered into as of July 18, 2019 by and between Geospatial Corporation, a Nevada corporation (the “Company”), and Thomas Oxenreiter (“Oxenreiter”), an employee of the Company who is currently serving as the CFO of the Company. The Company and Oxenreiter shall collectively be referred to as the “Parties.”

TERMINATION OF EMPLOYMENT AGREEMENT & FULL, FINAL AND ABSOLUTE MUTUAL RELEASE BETWEEN AMIH AND ALEJANDRO RODRIGUEZ
Termination of Employment Agreement • July 13th, 2022 • American International Holdings Corp. • Services-health services • Texas

FOR AND IN CONSIDERATION of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by all Parties, the Parties agree, and covenant as follows. This Termination of Employment Agreement & Full, Final and Absolute Mutual Release (hereinafter the “Agreement”) is entered by and between American International Holdings Corporation, together with its Affiliates (hereinafter referred to as the “AMIH”) and you, former employee and contractor, Mr. Alejandro Rodriguez (hereinafter referred to as “Rodriguez”). Individually, each of these may be referred to as a “Party” or collectively as the “Parties”.

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TERMINATION OF EMPLOYMENT AGREEMENT AND RELEASE AGREEMENT (FREUND)
Termination of Employment Agreement • February 29th, 2012 • Kraton Performance Polymers, Inc. • Plastic materials, synth resins & nonvulcan elastomers • Texas

This Termination of Employment and Release Agreement (this “Agreement”) is effective as of October 31, 2011 (the “Effective Date”) by and among Kraton Performance Polymers, Inc. (f/k/a Polymer Holdings LLC), a Delaware corporation (“Kraton”), Kraton Polymers LLC, a Delaware limited liability company (the “Company”) and Lothar P. F. Freund (“Executive”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • January 31st, 2008 • First United Ethanol LLC • Industrial organic chemicals • Georgia

THIS TERMINATION OF EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this the 22nd day of January, 2008, by and among, Anthony Flagg, an individual resident of the state of Georgia (“Employee”), and First United Ethanol, LLC, a limited liability company under the laws of Georgia (“Employer”).

VOLUNTARY TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • September 2nd, 2015 • Blue Earth, Inc. • Electric services • Nevada

This agreement (the “Termination Agreement”) to terminate the AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) by and between Blue Earth, Inc., a Nevada corporation (the “Company”) and Brett Woodard (the “Executive”), dated as of the 21st day of April 2014. The Agreement amended and restated in full, ab initio, the Employment Agreement, dated as of May 16, 2013, by and between the Company and the Executive (the “Original Agreement”), to memorialize and clarify the parties’ understanding when the Original Agreement was entered into and to correct certain errors in the Original Agreement. This Termination Agreement is entered into effective as of August 17th, 2015. Executive and Company are hereinafter collectively referred to as the “Parties”.

AMENDMENT
Termination of Employment Agreement • September 2nd, 2015 • Blue Earth, Inc. • Electric services

Amendment No. 1, dated August 31, 2015 to the Voluntary Termination of Employment Agreement (the “Agreement”) dated as of August 17, 2015 by and between Blue Earth Inc., a Nevada corporation (the “Company”) and Brett Woodard.

TERMINATION OF EMPLOYMENT AGREEMENT AND RELEASE AGREEMENT READ IT CAREFULLY
Termination of Employment Agreement • May 21st, 2008 • Willow Financial Bancorp, Inc. • Savings institution, federally chartered • Pennsylvania

This Termination of Employment Agreement and Release Agreement (the “Release Agreement”) is entered into as of May 20, 2008, by and among Willow Financial Bancorp, Inc. (“WFB”), Willow Financial Bank (“WFB Bank”), Harleysville National Corporation (“HNC”), Harleysville National Bank and Trust (“HNC Bank”) and each of their subsidiaries and affiliates, and Donna M. Coughey (“Executive”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • August 13th, 2013 • Arista Power, Inc. • Engines & turbines • New York

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Mr. William Schmitz (“Mr. Schmitz” or “Executive”).

Termination of Employment Agreement
Termination of Employment Agreement • April 30th, 2010 • United Western Bancorp Inc • State commercial banks • Colorado

This Termination of Employment Agreement (the “Agreement”) is made as of April 30, 2010 by and between United Western Bancorp, Inc., a Colorado corporation (the “Company”) and Scot T. Wetzel, an individual residing at 140 Humboldt Street, Denver, CO 80218 (“Wetzel”).

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • August 30th, 2007 • Hollywood Media Corp • Retail-retail stores, nec • Florida

This Termination of Employment Agreement (“Termination Agreement”) is made and entered into as of August 24, 2007, by and among Showtimes.com, Inc., a Delaware corporation (“Showtimes”), Brett West (the “Employee”), and Hollywood Media Corp., a Florida corporation (“HMC”). Reference is made to that certain Employment Agreement (“Employment Agreement”) dated as of March 30, 2006, by and among Showtimes, the Employee and HMC. Capitalized terms used in this Termination Agreement and not otherwise defined herein shall have the meaning ascribed thereto in the Employment Agreement.

TERMINATION OF EMPLOYMENT AGREEMENT
Termination of Employment Agreement • February 8th, 2007 • Kulicke & Soffa Industries Inc • Semiconductors & related devices

WHEREAS, Officer is employed by K&S or a wholly-owned subsidiary of K&S and such employment is terminable at will by either Officer, K&S or the wholly-owned subsidiary of K&S,

Termination of Employment Agreement and Release
Termination of Employment Agreement • May 11th, 2020 • Menlo Therapeutics Inc. • Pharmaceutical preparations

This Termination of Employment and Release Agreement (this "Agreement") is entered by and between Foamix Pharmaceuticals Ltd. (the "Company") on the first part and Ilan Hadar I.D. No. 024298218 (the "Employee") on the second part;

TERMINATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS
Termination of Employment Agreement • March 6th, 2006 • Whos Your Daddy Inc • Men's & boys' furnishgs, work clothg, & allied garments • California

This Termination of Employment Agreement and General Release of All Known and Unknown Claims (the “Agreement”) is made and entered into effective as of February 28, 2006 (the “Effective Date”), by and between Who’s Your Daddy, Inc. (formerly Snocone Systems Inc.), a Nevada corporation (referred to in this Agreement as the “Company”) and Mark De Mattei (referred to in this Agreement as the “Executive”). The Company and the Executive are hereinafter collectively referred to as the “Parties,” and individually referred to as a “Party.”

Termination of Employment Agreement
Termination of Employment Agreement • July 22nd, 2015 • Players Network • Cable & other pay television services

In consideration for the parties’ entry into that certain Employment Agreement between Players Network and Mark Bradley Feldgreber dated July 17, 2015, Players Network and Mark Bradley Feldgreber hereby agree that, effective as of July 1, 2015, that certain Employment Agreement dated September 1, 2010 (the “2010 Agreement”), between Players Network and Mark Bradley Feldgreber is hereby terminated. Neither party to the 2010 Agreement shall have any continuing obligations thereunder, except that any amounts due by Players Network to Mark Bradley Feldgreber pursuant to the 2010 Agreement as of the date hereof shall continue to be due and owing by Players Network to Mark Bradley Feldgreber.

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