Releasee definition
Examples of Releasee in a sentence
Each party, for itself, and on behalf of its Affiliates, hereby irrevocably covenants to refrain from, directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be commenced or voluntarily aiding, any proceeding of any kind against any Acquired Companies Releasee or Seller Releasee, based upon any matter purported to be released hereby.
Without limiting the effectiveness of the foregoing, upon written request from any Acquired Companies Releasee or Seller Releasee made promptly after the Closing, as applicable, Seller or Buyer shall confirm (or cause their applicable subsidiaries to confirm) in writing the scope of the foregoing release.
Similarly, as to any such claim against any Releasee that is not otherwise released, Employee waives Employee’s right to a jury trial subject to applicable law.
Employee agrees that, if Employee accepts employment or other work engagement with any Releasee in contravention of this Agreement, such Releasee may terminate Employee’s employment or work engagement immediately and Employee shall have no claim against such Releasee, in law or equity, related to such termination (to the fullest extent permitted by law).
If any claim is not subject to release, to the extent permitted by law, Employee waives any right or ability to be a class or collective action representative or to otherwise participate in any putative or certified class, collective or multi-party action or proceeding based on such a claim in which Employer or any other Releasee identified in this Agreement is a party.