Common use of General Release and Discharge Clause in Contracts

General Release and Discharge. Except for those obligations created or acknowledged by this Supplement and the Employment Agreement, and in consideration of the payments and other benefits to be made or provided to Employee under this Supplement and the Employment Agreement, and as a material inducement to Employer to enter into this Supplement, Employee, on behalf of himself and his heirs, executors, administrators, assigns, and successors, hereby agrees to release, acquit and discharge and does hereby release, acquit and discharge Employer, all Halliburton Entities and all Halliburton Parties (both in their official and individual capacities), collectively and individually, with respect to and from any and all claims and any and all causes of action, of any kind or character, whether now known or unknown, he may have against any of them which exist as of the Termination Date, including, but not limited to, any claim for benefits, compensation, stock, stock options, costs, damages, expenses, remuneration, salary or wages; and all claims or causes of action arising from his employment, termination of employment, or any alleged discriminatory employment practices, including but not limited to, any and all claims and causes of action arising under the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq. (“ADEA”) and any and all claims and causes of action arising under any other federal, state or local laws pertaining to discrimination in employment or equal employment opportunity; except that the parties agree that Employee’s release, acquittal and discharge shall not relieve Employer from its obligations under the Employment Agreement and this Supplement. This release also applies to any claims brought by any person or agency or class action under which Employee may have a right or benefit.

Appears in 4 contracts

Samples: Resignation, General Release and Settlement Agreement (Halliburton Co), Resignation, General Release and Settlement Agreement (Halliburton Co), Employment Agreement (Halliburton Co)

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General Release and Discharge. (a) Except for those obligations created or acknowledged and maintained by this Supplement and the Employment Agreement, and in consideration of the payments and other benefits to be made or provided to Employee under in this Supplement and the Employment Agreement, Agreement and as a material inducement to Employer to enter into this SupplementAgreement, Employee, on behalf of himself and his Employee's heirs, executors, administrators, assigns, and successors, hereby agrees to release, acquit and discharge and does hereby release, acquit and discharge Employer, all Halliburton Entities and all Halliburton Parties (in both in their official and individual capacities), collectively and individually, with respect to and from any and all claims and any and all causes of action, of any kind or character, whether now known or unknown, he Employee may have against any of them which exist as of the Termination Separation Date, including, but not limited to, any claim for benefits, compensation, stock, stock options, costs, damages, expenses, remuneration, salary or wages; and all claims or causes of action arising from his Employee's employment, termination of employment, or any alleged discriminatory employment practices, including but not limited to, to any and all claims and causes of action arising under the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq. ("ADEA") and any and all claims and causes of action arising under any other federal, state or local laws pertaining to discrimination in employment or equal employment opportunity; except that the parties agree that Employee’s 's release, acquittal and discharge shall not relieve Employer from its obligations under the Employment Agreement and this SupplementAgreement. This release release, acquittal and discharge also applies to any claims brought by any person or agency or class action under which Employee may have a right or benefit. Employee represents and warrants that no other person or entity has any interest in, or assignment of, any claims or causes of action Employee may have against any Halliburton Party and which Employee now releases in their entirety. (b) Notwithstanding this release, acquittal and discharge, Employee understands that nothing in this Agreement prevents Employee from filing a charge or complaint with any federal, state or local government agency including, but not limited to, the Equal Employment Opportunity Commission, or from cooperating with or participating in any such proceedings. However, Employee hereby waives the right to recover monetary or other relief from Employer in connection with such charges or complaints. Further, nothing in this Agreement prevents Employee from: (i) making a good faith report of possible violations of applicable law to the Securities and Exchange Commission or any other governmental agency or entity; or (ii) making disclosures that are protected under the whistleblower provisions of applicable law (including providing documents or other information without notice to Employer) or receiving any award for information provided under such whistleblower provisions. Finally, Employee understands that Employee is not waiving any right, claim, or legal matter through this Agreement that cannot be waived under the law by private agreement.

Appears in 1 contract

Samples: Separation Agreement (Halliburton Co)

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