Common use of Acknowledgment of Full Payment Clause in Contracts

Acknowledgment of Full Payment. Employee acknowledges the payments and arrangements described in paragraphs 2 through 4 above shall constitute full and complete satisfaction of any and all amounts due and owing to Employee as a result of Employee’s employment with the Company and/or the termination of employment, and that in the absence of this Agreement, Employee would not be entitled to, among other things, the payments specified in paragraph 3 above and the continued medical insurance coverage specified in the first sentence of paragraph 4 above.

Appears in 5 contracts

Samples: Separation Agreement (Skullcandy, Inc.), Separation Agreement (Skullcandy, Inc.), Separation Agreement (Skullcandy, Inc.)

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