In consideration for Xxxxx Sample Clauses

In consideration for Xxxxx execution of this Agreement and the Settlement Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company for itself and on behalf of its present and former officers, directors, employees, agents, predecessors, successors and/or assigns hereby releases, remises and forever discharges Xxxxx, and his heirs, executors, administrators, personal representatives, agents, successors and assigns of and from all manner of actions, causes of action, suits, claims, controversies, covenants, contracts, agreements, rights, promises, trespasses, damages, losses and expenses, judgments, sums of money, debts, dues, demands, obligations or liabilities of any nature whatsoever, at law or in equity, whether asserted or unasserted, mature or contingent, known or unknown, accrued or unaccrued and whether for individual or joint conduct (collectively, the "Claims"), which now exist or which can, shall or may arise from, in connection with or relating to the relationship of Xxxxx to the Company, whether as shareholder, officer, director or in any other capacity, for the period from the beginning of the world through the date hereof; provided, however, nothing contained herein shall release or discharge Xxxxx from any obligation he may have under this Agreement, the Settlement Agreement, the Employment Settlement and Release Agreement, dated as of June 20, 2002 between the Company and Xxxxx (the "Employment Settlement and Release Agreement") and the Employment Agreement, dated February 12, 2001 between Xxxxx and the Company, as amended by that certain Amendment to Employment Agreement, dated as of June 20, 2002 (as amended, the "Employment Agreement"), or affect the Company's right to enforce claims arising under this Agreement, the Settlement Agreement, the Employment Settlement and Release Agreement and, only with respect to action or omissions occurring from and after the date hereof, the Employment Agreement.

In consideration for Xxxxx x agreement herein and subject to this Agreement becoming effective pursuant to Paragraph 4(g), below (the "Effective Date"), the Company shall: a. Pay to Xxxxx a lump sum amount equal to six (6) months of his current annual base salary of $190,000, minus the deductions required by applicable law, which shall be paid to Xxxxx by check and shall be mailed to his address last known to the Company, postmarked no later than the eighth (8th) calendar day following the Effective Date. b. Pay to Xxxxx an amount equal to six (6) months of his current base salary, payable in six (6) monthly installments beginning on the first (1st) business day following the Effective Date, provided that Xxxxx makes himself available at reasonable times during such six (6) month period to consult with the Company with respect to matters concerning the Company that are within his particular area of expertise. The Company acknowledges that Xxxxx may have other time commitments during such period which may include, by way of example, time devoted to seeking or engaging in new employment, and the Company agrees to reasonably accommodate such competing time commitments of Xxxxx in its requests for consulting assistance from Xxxxx. All sums paid to Xxxxx pursuant to this Paragraph 1(b) shall be reported by the Company to the Internal Revenue Service on a Form 1099, and Xxxxx agrees that he will pay any taxes determined to be due thereon without contribution from the Company. c. Maintain the Company's group health plan for one (1) year after the Effective Date to enable Xxxxx to continue his coverage and the coverage of his qualified dependents under the Consolidated Omnibus Budget Reconciliation Act ("COBRA"), at the Company's expense; provided that the Company's obligations hereunder shall terminate upon Xxxxx'x becoming eligible for coverage under any other group health plan.

In consideration for Xxxxx. Xxxxxxxxxxxx Derneği and İZFAŞ allowing the Volunteer to participate in the event, Volunteer (and the Parent/Guardian of a Volunteer under 18 years of age for and on behalf of the Volunteer and the Parent/Guardian) assumes all risk of such participation and hereby releases Bilim Kahramanları Derneği and İZFAŞ and (except as expressly provided below) all of Xxxxx Xxxxxxxxxxxx Derneği and İZFAŞ directors, officers, employees, volunteers, and agents from any and all claims for any injury of any kind to the Volunteer (and the Parent/Guardian) or other damages that may occur as a result of the Volunteer’s participation in the event, including without limitation any injuries or other damages that may be caused by the negligence of Bilim Kahramanları Derneği and İZFAŞ or negligence of any of Bilim Kahramanları Derneği and İZFAŞ directors, officers, employees, volunteers, or agents (including, without limitation negligently failing to adequately investigate or screen coaches, mentors, volunteers, etc.), and agrees not to file any lawsuit or otherwise make any claim against Bilim Kahramanları Derneği and İZFAŞ or any of Bilim Kahramanları Derneği and İZFAŞ directors, officers, employees, volunteers, or agents for any such injury or other damages. The Volunteer (and the Parent/Guardian of a Volunteer under 18 years of age) does not hereby release any claims against any individual person who intentionally causes injury to the Volunteer.