Common use of COMPANY RELEASE OF STOCKHOLDERS Clause in Contracts

COMPANY RELEASE OF STOCKHOLDERS. The Company shall have delivered to the Stockholders an instrument dated the Closing Date, in form reasonably satisfactory to AmPaM and the Stockholders, which shall be effective only upon the occurrence of the Closing Date, releasing the Stockholders from (i) any and all claims of the Company against the Stockholders, known and unknown, and (ii) obligations of the Stockholders to the Company, except for (x) items specifically identified on Schedule 5.10(a) and Schedule 5.15(b) as being claims of or obligations to the Company and (y) continuing obligations to the Company relating to their employment by the Company pursuant to any employment agreement entered into pursuant to Section 8.11 hereof.

COMPANY RELEASE OF STOCKHOLDERS. The Company shall have delivered to the Stockholders an instrument dated the Closing Date, in form reasonably satisfactory to AmPaM and the Stockholders, which shall be effective only upon the occurrence of the Closing Date, releasing each Stockholder who owns shares of Company Stock as of the Stockholders Consummation Date from (i) any and all claims of the Company against the Stockholders, known and unknown, and (ii) obligations of the Stockholders to the Company, except for (x) items specifically identified on Schedule 5.10(a) and Schedule 5.15(b) as being claims of or obligations to the Company and (y) continuing obligations to the Company relating to their employment by the Company pursuant to any employment agreement entered into pursuant to Section 8.11 hereof.