Separation and Mutual Release Agreement Sample Contracts

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SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • July 26th, 2023 • Butler National Corp • Services-miscellaneous amusement & recreation • Kansas

This Separation and Mutual Release Agreement (the “Agreement”) is entered into this 20th day of July, 2023 (“Agreement Date”), between Butler National Corporation, a Kansas corporation (the “Company”), Clark D. Stewart (“Employee”), and John M. Edgar, David B. Hayden, Bradley K. Hoffman, Tad M. McMahon, Joe A. Peters, Christopher J. Reedy, Craig D. Stewart, R. Warren Wagoner (the “Directors and Officers”). The Company, Employee and Directors and Officers will be collectively referred to hereinafter as the “Parties”.

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • January 10th, 2008 • Tollgrade Communications Inc \Pa\ • Services-telephone interconnect systems • Pennsylvania

THIS AGREEMENT (“Agreement”) is made as of the 7th day of January, 2008, by and between CAROL M. FRANKLIN (“Executive”) and TOLLGRADE COMMUNICATIONS, INC., a Pennsylvania corporation (the “Corporation”) (Executive and the Corporation are referred to sometimes hereinafter individually as “Party” and collectively as, the “Parties”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • July 15th, 2020 • Organovo Holdings, Inc. • Biological products, (no disgnostic substances) • Delaware

This Separation and Mutual Release Agreement (the “Release”) is entered into as of the day of , 2020, by and between (the “Director”) and Organovo Holdings, Inc., a Delaware corporation (the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • April 20th, 2007 • Toreador Resources Corp • Crude petroleum & natural gas • Texas

This Separation and Mutual Release Agreement (the “Agreement”) is made by and between G. Thomas Graves, III (the “Individual”), and Toreador Resources Corporation (the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • January 27th, 2009 • Toreador Resources Corp • Crude petroleum & natural gas • Texas

This Separation and Mutual Release Agreement (the “Agreement”) is made by and between Nigel Lovett (the “Individual”) and Toreador Resources Corporation (the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • July 11th, 2017 • Cannasys Inc • Services-business services, nec • Colorado

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Agreement”), is entered into as of June 30, 2017 (the “Effective Date”), by and between Michael A Tew, and any and all entities of which Michael A. Tew is a member, partner, affiliate, employee, or managing member, (collectively, “Tew”) and CannaSys, Inc., a Nevada Corporation (the “Company”). Tew and Company each are referred to herein as a “Party” and collectively as the “Parties.”

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • May 16th, 2016 • Helios & Matheson Analytics Inc. • Services-miscellaneous business services • New York

This Separation and Mutual Release Agreement (this “Agreement”) is made and entered into as of March 31, 2016, by and between Divya Ramachandran (“Employee” or “You”), on the one hand, and Helios and Matheson Analytics Inc., a Delaware corporation (the “Company” or “Employer”), and Helios and Matheson Information Technology Ltd, an Indian corporation (“HMIT”), on the other hand. Employee, HMIT and the Company are sometimes each referred to herein as a “Party” and collectively, as the “Parties”.

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • April 25th, 2019 • Long Blockchain Corp. • Beverages

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (the “Agreement”) is made on the 14th day of January 2019 (the “Effective Date”) by and between SBL Holdings Limited (formerly known as Stater Blockchain Limited)1, a Company incorporated in New Zealand and having its registered office at 25 Ti Point Road, Leigh 0985, New Zealand (“SBL”), and Long Blockchain Corp., a Company incorporated under the State of Delaware, United States, and having its registered office at 12-1, Dubon Court, Farmingdale NY-11735 ( “LBCC”). SBL and LBCC are each individually a “Party” and collectively the “Parties”.

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • July 13th, 2009 • Adherex Technologies Inc • Biological products, (no disgnostic substances) • North Carolina

This SEPARATION AND MUTUAL RELEASE AGREEMENT (the “Agreement”) is hereby made and entered into as of the last date on the parties’ signature page below, by and between Adherex, Inc., a Delaware corporation with its principal place of business in Durham County, North Carolina (along with its affiliate Canadian company, Adherex Technologies Inc., referred to together in this Agreement as the “Company”), and the undersigned employee (referred to in this Agreement as “you”). (The Company and you are sometimes collectively referred to hereinafter as the “Parties.”)

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • January 18th, 2008 • Avant Immunotherapeutics Inc • In vitro & in vivo diagnostic substances • New Jersey

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Agreement”) is entered into by and among DR. ROBERT F. BURNS (the “Executive”), with an address at The Garden House, Red Copse Lane, Boars Hill, Oxford, OX1 5ER, United Kingdom; and CELLDEX THERAPEUTICS, INC. (the “Employer”), with its principal place of business located at 222 Cameron Drive, Suite 400, Phillipsburg, New Jersey 08865, and together with its parents, divisions, affiliates, and subsidiaries and their respective officers, directors, employees, shareholders, members, partners, plan administrators, attorneys, and agents, as well as any predecessors, future successors or assigns or estates of any of the foregoing (collectively referred to herein as the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • May 29th, 2020 • Blue Star Foods Corp. • Prepared fresh or frozen fish & seafoods • Florida

This Separation and Mutual Release Agreement (“Agreement”) is made as of February 25, 2020, by and between Blue Star Foods Corp., a Delaware corporation (the “Company”), and Christopher Constable, a resident of the State of Florida (“Constable”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • August 3rd, 2010 • Tollgrade Communications Inc \Pa\ • Services-telephone interconnect systems • Pennsylvania

THIS AGREEMENT (“Agreement”) is made as of the 18th day of June, 2010, by and between JOSEPH A. FERRARA (“Executive”) and TOLLGRADE COMMUNICATIONS, INC., a Pennsylvania corporation (the “Corporation”) (Executive and the Corporation are referred to sometimes hereinafter individually as “Party” and collectively as, the “Parties”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • August 27th, 2021 • FTE Networks, Inc. • Telephone communications (no radiotelephone) • Nevada

This Separation and Mutual Release Agreement (this “Agreement”) is entered into as of the 23rd day of August 2021, by and between Peter Ghishan (the “Director”) and FTE Networks, Inc., a Nevada corporation (the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • September 4th, 2019 • Tapestry, Inc. • Leather & leather products

Tapestry, Inc. and its subsidiaries (collectively, the “Company”) and Victor Luis (“Executive”) enter into this Separation and Mutual Release Agreement (“Agreement”), which was received by Executive on August 29, 2019, signed by Executive on the date shown below Executive’s signature on the last page of this Agreement and is effective eight days (8) after the date of execution by Executive unless Executive revokes the Agreement before that date, for and in consideration of the promises made among the parties and other good and valuable consideration as follows:

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • November 21st, 2016 • Liquidmetal Technologies Inc • Chemicals & allied products • California

This SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Agreement” or “Release”) is entered into this 17th day of November, 2016 (the “Separation Date”), by and between Liquidmetal Technologies, Inc. (the “Company”) and Thomas Steipp (“Steipp”), (each a “Party” or collectively the “Parties”). In consideration of the promises and commitments made in this Release, the sufficiency and fairness of which is hereby acknowledged, the Company and Steipp agree as follows:

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • July 22nd, 2009 • Encorium Group Inc • Services-commercial physical & biological research • Pennsylvania

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Agreement”) is entered into on the 16th day of July, 2009 by and between DAVID GINSBERG, an adult individual (“Executive”), and ENCORIUM GROUP, INC., a Delaware corporation (“Company” or “Encorium”). Executive and Company are hereinafter sometimes referred to individually as a “Party” and collectively as the “Parties”.

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • June 28th, 2023 • Roivant Sciences Ltd. • Pharmaceutical preparations • New York

This SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Agreement”) is entered into as of February 20, 2023, by and between Roivant Sciences, Inc., a Delaware corporation (the “Company”) and Vivek Ramaswamy (the “Employee”). The Company and the Employee are collectively referred to herein as the “Parties” or individually referred to as a “Party”. Capitalized terms used herein but not defined shall have the meanings ascribed to them in the Employment Agreement (as defined below).

VAALCO Energy, Inc. Houston, Texas 77042 Tel: (713) 623-0801 SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • April 12th, 2021 • Vaalco Energy Inc /De/ • Crude petroleum & natural gas • Texas

This SEPARATION AND MUTUAL RELEASE AGREEMENT (the “Agreement”) is made and entered into as of April 9, 2021, by and between VAALCO Energy, Inc. (the “Company”) and Cary Bounds (“Executive”). The Company and Executive may be referred to singularly as a “Party” or collectively as the “Parties.” Defined terms not defined in this Agreement have the meaning set forth in the Employment Agreement (as defined below).

EX-10.1 2 dex101.htm SEPARATION AND MUTUAL RELEASE AGREEMENT SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • May 5th, 2020

This Separation and Mutual Release Agreement (the “Agreement”) is entered into as of June 16, 2006 (the “Effective Date”), by and between Borland Software Corporation, a Delaware corporation (the “Company”), and Timothy J. Stevens (the “Executive”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • June 20th, 2013 • Adherex Technologies Inc • Biological products, (no disgnostic substances) • North Carolina

This SEPARATION AND MUTUAL RELEASE AGREEMENT (the “Agreement”) is hereby made and entered into as of the last date on the parties’ signature page below, by and between Adherex, Inc., a Delaware corporation with its principal place of business in Durham County, North Carolina (along with its affiliate British Columbia Company, Adherex Technologies Inc., referred to together in this Agreement as the “Company”), and the undersigned employee (referred to in this Agreement as “you” or “ Dr. Spector”). (The Company and you are sometimes collectively referred to hereinafter as the “Parties.”)

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SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • September 22nd, 2011 • Mastech Holdings, Inc. • Services-management consulting services • Pennsylvania

This Separation and Mutual Release Agreement (the “Agreement”) is made as of the 21 day of September, 2011 by and between Mastech Holdings, Inc. (“Company”) and Thomas B. Moran (“Executive”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • November 21st, 2007 • Tollgrade Communications Inc \Pa\ • Services-telephone interconnect systems • Pennsylvania

THIS AGREEMENT (“Agreement”) is made as of the 16th day of November, 2007, by and between MARK B. PETERSON (“Executive”) and TOLLGRADE COMMUNICATIONS, INC., a Pennsylvania corporation (the “Corporation”) (Executive and the Corporation are referred to sometimes hereinafter individually as “Party” and collectively as, the “Parties”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • December 6th, 2018 • Washington

made and effective as of December 1, 2018, by and between DONALD DAY, hereinafter referred to as "Day", and the CITY OF SUNNYSIDE, a Washington Municipal corporation, hereinafter referred to as “City”. Together, Day and the City are referred to as “Parties.”

Prime Sun Power Inc. Separation and Mutual Release Agreement
Separation and Mutual Release Agreement • August 21st, 2009 • Prime Sun Power Inc • Services-business services, nec • New York

This Confidential Separation and Mutual Release Agreement (“Agreement”) is entered into this 19th day of June, 2009 by and among Prime Sun Power Inc. (the “Company”), on the one hand, and Frank Jürgens (“Executive”) on the other hand.

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • May 15th, 2019 • Recro Pharma, Inc. • Pharmaceutical preparations • Pennsylvania

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Release”) is made by and between Michael Celano (the “Executive”) and Recro Pharma, Inc. (the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • February 22nd, 2018 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment • Texas

This SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Agreement”) dated as of February 16, 2018 (the “Effective Date”) sets forth the agreement by and between James M. Mitchell (“Employee”) and GulfMark Offshore, Inc., a Delaware corporation (the “Company”) concerning the termination of Employee’s employment with the Company.

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • December 23rd, 2015 • Recro Pharma, Inc. • Pharmaceutical preparations • Pennsylvania

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (this “Release”) is made by and between Charles Garner (the “Executive”) and Recro Pharma, Inc. (the “Company”).

SEPARATION AND MUTUAL RELEASE AGREEMENT
Separation and Mutual Release Agreement • January 22nd, 2019 • Long Blockchain Corp. • Beverages

THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (the “Agreement”) is made on the 14th day of January 2019 (the “Effective Date”) by and between SBL Holdings Limited (formerly known as Stater Blockchain Limited), a Company incorporated in New Zealand and having its registered office at 25 Ti Point Road, Leigh 0985, New Zealand (“SBL”), and Long Blockchain Corp., a Company incorporated under the State of Delaware, United States, and having its registered office at 12-1, Dubon Court, Farmingdale NY-11735 ( “LBCC”). SBL and LBCC are each individually a “Party” and collectively the “Parties”.

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