Release of Executive. In consideration of the promises set forth in this Agreement, the Company hereby releases and forever discharges Executive from any and all claims, complaints, causes of action, and demands of any kind, whether known or unknown, which Company has, ever has had, or may have arising out of or related to the performance of Executive’s services to Company as its Executive Vice President and Chief Operating Officer, but only to the extent to which Executive is or would be entitled to indemnification pursuant to a written agreement entered into with the Company with respect to such claim, complaint, cause of action or demand. The purpose of this Section 2.1 is to release Executive only from those claims, complaints, causes of action and demands with respect to which he is entitled to indemnification pursuant to a written agreement entered into with the Company and this Section 2.1 shall be interpreted in a manner consistent with this purpose.
Release of Executive. The Company (including its past and present parent, subsidiary and affiliated corporations, divisions or other related entities, as well as the successors, shareholders, officers, directors, heirs, predecessors, assigns, agents, employees, attorneys and representatives of each of them, past or present) does hereby and forever release and discharge the Executive and his agents, heirs, successors, assigns, executors and/or administrators from any and all causes of action, actions, judgments, liens, debts, contracts, indebtedness, damages, losses, claims, liabilities, rights, interests and demands of whatsoever kind or character, known or unknown, suspected to exist or not suspected to exist, anticipated or not anticipated, whether or not heretofore brought before any state or federal court or before any state or federal agency or other governmental entity, which the Company has or may have against any released person or entity by reason of any and all acts, omissions, events or facts occurring or existing prior to the date hereof, including, without limitation, all claims attributable to the employment of Executive, all claims attributable to the termination of that employment, and all claims arising under any federal, state or other governmental statute, regulation or ordinance or common law, such as, for example and without limitation. In light of the intention of the Company (including its past and present parent, subsidiary and affiliated corporations, divisions or other related entities, as well as the successors, shareholders, officers, directors, heirs, predecessors, assigns, agents, employees, attorneys and representatives of each of them, past or present) that this release extend to any and all claims of whatsoever kind or character, known or unknown, the Company expressly waives any and all rights granted by California Civil Code Section 1542 or any other analogous federal or state law or regulation. Section 1542 reads as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
Release of Executive. Company, for itself, its successors, assigns, attorneys, and all those entitled to assert its rights, now and forever hereby releases and discharges Executive from any and all Claims which Company ever had or now has against Executive, including any Claims arising by reason of or in any way connected with Executive's employment relationship with Company, whether known or unknown.
Release of Executive. In consideration of Executive's entering into this Agreement, the Company, for itself and its Affiliates and their respective predecessors, successors and assigns hereby releases and forever discharges Executive and his heirs, personal representatives, successors and assigns from and against any and all claims, demands, damages, actions, causes of action, costs and expenses, of whatever kind or nature, in law, equity or otherwise, which the Company or any of said entities now has, may ever have had or may have hereafter upon or by reason of any matter, cause or thing occurring, done or omitted to be done prior to the date of this Agreement, relating to or arising out of Executive's status as an officer, director or employee of the Company or any of said entities or the termination of that status; provided, however, that this release shall not apply to any claims the Company or any of said entities or parties may have which arise out of or relate to the conviction of Executive for the commission of a felony involving dishonesty with respect to the Company or any of said entities or parties or arise out of any actions with respect to which the Company would be precluded from indemnifying Executive under applicable law. As of the date of this Agreement, the Company has no knowledge of any claims against Executive arising out of any of the events described above.
Release of Executive. Except as provided in this Agreement, the Company hereby releases Executive from, and agrees not to bring any action, suit or proceedings against Executive, with respect to any acts or omissions disclosed by Executive to, or known by, independent members of the Company’s Board of Directors prior to the Separation Date.
Release of Executive. As a material inducement to Executive to enter into this Agreement, the Company, on behalf of itself and its current and former subsidiaries, parents and other direct or indirect affiliates, as well as each of their respective stockholders, partners, heirs, executors, administrators, agents, employees, officers, directors, successors, insurers, assigns and attorneys does hereby irrevocably and unconditionally forever release and discharge Executive and his agents, attorneys, heirs, executors, administrators and assigns of and from any and all manner of actions, cause or causes of action, suits, debts, sums of money, costs, interests, attorneys’ fees, liabilities, contracts, accounts, reckonings, bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, charges, claims, counterclaims and demands, whatsoever, in law or in equity or otherwise, that the Company now has or may have, whether mature, direct, derivative, subrogated, personal, assigned, both known and unknown, foreseen or unforeseen, contingent or actual, liquidated or unliquidated, arising with respect to any matter, including without limitation his employment with the Company and its subsidiaries or his services as a director of the Company or the termination of such employment and services, through the Effective Date, or arising thereafter with respect to his employment with the Company and its subsidiaries and his services as a director of the Company prior to the Effective Date or the termination of such employment and services, and, including specifically, without limitation and without limiting the generality of the foregoing, the provisions of Section 14 (Non-competition) of the Employment Agreement. Nothing herein will release Executive from any claims or damages based on any right the Company may have under this Agreement.
Release of Executive. In consideration of Executive's entering -------------------- into this Agreement, the Company, for itself, its affiliates and their respective predecessors, successors and assigns hereby releases and forever discharges Executive from and against any and all claims, demands, damages, actions, causes of action, costs and expenses, of whatever kind or nature, in law, equity or otherwise, which the Company or any of said entities now has, may ever have had or may have hereafter upon or by reason of any matter, cause or thing occurring, done or omitted to be done prior to the date of this Agreement, including without limitation all rights and claims the Company or any of said entities or any third parties have or might have as a result of Executive's status as an officer, director or employee of the Company or any of said entities or the termination of that status; provided, however that this release -------- ------- shall not apply to any claims the Company may have which arise out of or relate to (a) the conviction of Executive for the commission of a felony involving dishonesty with respect to the Company, its affiliates or their respective predecessors or (b) gross and willful misconduct by Executive that is demonstrably and materially injurious to the Company, its affiliates or their respective predecessors, whether monetarily or otherwise. For purposes of this Paragraph 11, no act or failure to act on Executive's part shall be considered "willful" unless done or failed to be done by Executive in bad faith and without reasonable belief that Executive's action or omission was in the best interest of the Company. As of the date of this Agreement, the Company has no knowledge of any potential claims against Executive arising out of any of the events described in (a) or (b) above.
Release of Executive. Executive hereby represents, warrants, and covenants that Executive has complied with all duties and obligations that he may have had to the Company or its Affiliates and is not aware of any facts, circumstances, or any other basis for a colorable claim to be brought against Executive by the Company or its Affiliates or any other persons or entities relating to Executive’s employment or relationship with the Company or any of its Affiliates. In light of and in reliance upon the foregoing, the Company hereby releases Executive from any and all Claims in law or in equity, which the Company ever had or now has against Executive, including, without limitation, any Claims arising by reason of or in any way connected with Executive’s employment or relationship with the Company or any of its Affiliates; provided, however, that the Company shall not release Executive from any Claims relating to any act or omission of Executive outside the scope of his employment or relationship with the Company or any of its Affiliates. For the avoidance of doubt, this is no way impacts any release that Executive received in connection with the bankruptcy proceeding from which Superior Energy Services emerged in February 2021.
Release of Executive. In consideration of Executive's entering into this Agreement, the Company, for itself, its officers and directors, its affiliates and their respective predecessors, successors and assigns hereby releases and forever discharges Executive and his heirs, personal representatives, successors and assigns from and against any and all claims, demands, damages, actions, causes of action, costs and expenses, of whatever kind or nature, in law, equity or otherwise, which the Company or any of said entities now has, may ever have had or may have hereafter upon or by reason of any matter, cause or thing occurring, done or omitted to be done prior to the date of this Agreement, including without limitation all rights and claims the Company or any of said entities or any third parties (including officers, directors and employees of the Company or its affiliates) have or might have as a result of Executive's status as an officer, director or employee of the Company or any of said entities or the termination of that status; PROVIDED, HOWEVER, that this release shall not apply to any claims the Company may have which arise out of or relate to the conviction of Executive for the commission of a crime involving dishonesty with respect to the Company, its affiliates or their respective predecessors. As of the date of this Agreement, the Company has no knowledge of any potential claim against Executive arising out of any of the events described above.
Release of Executive. In consideration of the benefits provided by this Addendum and the stipulations and covenants made hereunder, the Company and its parents, affiliates, subsidiaries and other related companies and each of their officers, directors, agents, representatives and employees, with the intent of binding itself and its successors and assigns, hereby releases and forever discharges Executive from and against any and all liabilities, claims, grievances, demands, charges, actions and causes of action whatsoever which first arose prior to and through the date on which this Addendum is executed, including but not limited to, any and all claims arising under or pursuant to any Federal or state statute, regulation, contract, common law, tort, equity, and any and all other claims. The Company expressly waives the benefit of any statute or rule of law which, if applied to this Addendum, would otherwise exclude from its binding effect any claims not known by the Company to exist. The Company also agrees that it will not institute any claims for damages or for other relief, nor will it authorize, encourage, or induce any other person or entity, governmental or otherwise, to enter into any claim for damages or for other relief via administrative or legal proceedings against Executive for any such claims and should it do so it will pay all costs and expenses (including attorneys’ fees) incurred by Executive and any other defendant in defending such claims.
