Termination of All Agreements. The parties acknowledge and agree that the Acquisition Agreement, as amended and in effect from time to time and any and all obligations or agreements relating thereto, whether written, oral or implied, are hereby terminated in full with prejudice. The Parties hereto hereby agree that no amounts remain due under the Acquisition Agreement, that there are no penalties relating to termination of the Acquisition Agreement and that no party is indebted to any other party or their affiliates as a result of said agreement or this Agreement.
Termination of All Agreements. The parties acknowledge and agree that the Employment Agreement and any and all other employment, consultancy and/or employment or consulting agreements, consulting relationships, profit sharing agreements, bonus agreements, business agreements or arrangements, agreements or other arrangements between Xxxxx and the Company or its subsidiaries or affiliates calling for any kind of compensation bonuses, reimbursements stock, or option awards, or profit sharing to Xxxxx, in each case whether written or oral, implied or otherwise, are terminated, deemed satisfied and discharged in full with prejudice. All Back Pay or other amounts due under the Judgment (whether interest, court costs, fees, or otherwise, are hereby discharged. Xxxxx and the Company have agreed that Back Pay or any other amounts remain due under any agreement or common law or otherwise other than the Settlement Consideration as set forth in Section 3 below. Notwithstanding the foregoing, the confidentiality provisions of the Employment Agreement, as amended, shall remain in full force and effect for the respective terms stated therein.
Termination of All Agreements. The Parties acknowledge and agree that the Share Exchange and any and all other consulting agreements, business agreements, pledges or promises to invest, commitments or arrangements, agreements or other arrangements between the parties, in each case whether oral, or otherwise, or whether arising by operation of law or otherwise and between any of the Parties hereto, are hereby terminated and cancelled in full, and, each parties obligations to one another deemed satisfied and discharged.
Termination of All Agreements. Other than as set forth in this Agreement, the Nordic Group and Deltawind, on the one hand, and the GC China Group, on the other hand, hereby confirm and agree that any and all agreements, arrangements, understandings and other rights or obligations between them are hereby terminated, canceled and are null and void and of no further force or effect. This confirmation and termination includes, but is not limited to, termination of the revised Equity Joint Venture Contract, which was cancelled in early 2007, termination of the Technical License and termination of all other China JV Agreements.
