Common use of Acknowledgement of Total Compensation and Indebtedness Clause in Contracts

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments and option/stock acceleration under Sections 4 through 8 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise. Notwithstanding the foregoing, the parties acknowledge and agree that the provisions of this Section 10 shall not terminate any rights to payments Executive may have under (i) rights to indemnification Executive may have under the Company’s Certificate of Incorporation, Bylaws or separate indemnification agreement, as applicable, (ii) the provisions of Sections 24 and 25 of this Agreement, and (iii) stock option agreements and/or restricted stock agreements granted by the Company to the Executive.

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments and option/stock acceleration under Sections 4 5 through 8 7 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise. Notwithstanding the foregoing, the parties acknowledge and agree that the provisions of this Section 10 shall not terminate any rights to payments Executive may have under (i) rights to indemnification Executive may have under the Company’s Certificate of Incorporation, Bylaws or separate indemnification agreement, as applicable, (ii) the provisions of Sections 24 and 25 of this Agreement, and (iii) stock option agreements and/or restricted stock agreements granted by the Company to the Executive.

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments and option/stock acceleration under Sections 4 through 8 7 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise. Notwithstanding the foregoing, the parties acknowledge and agree that the provisions of this Section 10 shall not terminate any rights to payments Executive may have under (i) rights to indemnification Executive may have under the Company’s Certificate of Incorporation, Bylaws or separate indemnification agreement, as applicable, (ii) the provisions of Sections 24 and 25 of this Agreement, and (iii) stock option agreements and/or restricted stock agreements granted by the Company to the Executive.