Common use of No Further Liability; Release Clause in Contracts

No Further Liability; Release. In the event of the Executive's termination of employment, payment made and performance by the Company in accordance with this Section 10 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's rights under this Agreement. Other than payment and performance under this Section 10, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Linens N Things Inc), Employment Agreement (Linens N Things Inc), Employment Agreement (Linens N Things Inc)

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No Further Liability; Release. In the event of the Executive's termination of employment, payment made and performance by the Company in accordance with this Section 10 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's rights under this Agreement. Other than payment and performance under this Section 10, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Linens N Things Inc), Employment Agreement (Linens N Things Inc), Employment Agreement (Linens N Things Inc)

No Further Liability; Release. In the event of the Executive's ’s termination of employment, payment made and performance by the Company in accordance with this Section 10 9 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's ’s rights under this Agreement. Other than payment and performance under this Section 109, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's ’s termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 9 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Nymagic Inc), Employment Agreement (Nymagic Inc), Employment Agreement (Nymagic Inc)

No Further Liability; Release. In the event of the Executive's termination of employment, payment Payment made and performance by the Company in accordance with this Section 10 4 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's rights under this Agreementemployment and termination of employment. Other than paying Executive's Base Salary through the date of termination of Executive's employment and making any severance payment pursuant to and performance under in accordance with this Section 104 (as applicable), the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's termination of employmentAgreement. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 4 upon the delivery by the Executive to the Company of a release in the form and substance satisfactory to the Company releasing of any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreementor related to Executive's employment by the Company and the termination of such employment.

Appears in 6 contracts

Samples: Employment Agreement (Atlantic Technology Ventures Inc), Employment Agreement (Atlantic Technology Ventures Inc), Employment Agreement (Atlantic Technology Ventures Inc)

No Further Liability; Release. In the event of the Executive's ’s termination of employment, payment made and performance by the Company in accordance with this Section 10 8 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's ’s rights under this Agreement. Other than payment and performance under this Section 108, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's ’s termination of employment. The Company shall have conditions the right to condition the last payment of any severance or other amounts pursuant to this Section 10 8 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company Company, substantially in the form attached hereto as Attachment 1, releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Amedisys Inc), Employment Agreement (Amedisys Inc), Employment Agreement (Amedisys Inc)

No Further Liability; Release. In the event of the Executive's ’s termination of employment, payment made and performance by the Company in accordance with this Section 10 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's ’s rights under this Agreement. Other than payment and performance under this Section 10, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's ’s termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Linens N Things Inc), Employment Agreement                  agreement (Linens N Things Inc), Employment Agreement (Linens N Things Inc)

No Further Liability; Release. In the event of the Executive's ’s termination of employment, payment made and performance by the Company in accordance with this Section 10 8 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's ’s rights under this Agreement. Other than payment and performance under this Section 108, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's ’s termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 8 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Nymagic Inc), Employment Agreement (Nymagic Inc)

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No Further Liability; Release. In the event of the Executive's termination of employmentthe Chairman’s engagement, payment made and performance by the Company in accordance with this Section 10 6 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's Chairman’s rights under this Agreement. Other than payment and performance under this Section 106, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive Chairman or any other person under this Agreement in the event of the Executive's termination of employmentthe Chairman’s engagement. The Company shall have the right to condition the last payment of any severance or other amounts amount pursuant to this Section 10 6 upon the delivery by the Executive Chairman to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive Chairman may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 1 contract

Samples: Agreement (Nymagic Inc)

No Further Liability; Release. In the event of the Executive's termination of employment, payment made and performance by the Company in accordance with this Section 10 11 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's rights under this Agreement. Other than payment and performance under this Section 1011, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 11 upon the delivery by the Executive to the Company of a release in substantially the form satisfactory to the Company attached hereto as Exhibit A releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Linens N Things Inc)

No Further Liability; Release. In the event of the Executive's termination of employment, payment made and performance by the Company in accordance with this Section 10 11 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to the Executive's rights under this Agreement. Other than payment and performance under this Section 1011, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to the Executive or any other person under this Agreement in the event of the Executive's termination of employment. The Company shall have the right to condition the last payment of any severance or other amounts pursuant to this Section 10 11 upon the delivery by the Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims the Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Linens N Things Inc)

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