Common use of No Further Liability; Release Clause in Contracts

No Further Liability; Release. Payment made and performance by the Company in accordance with this Section 5 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 Executive's employment 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 and continuing benefits and perquisites pursuant to and in accordance with this Section 5 (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 Executive or any other person under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Key Components Finance Corp), Employment Agreement (Key Components Finance Corp), Employment Agreement (Key Components Finance Corp)

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No Further Liability; Release. Payment In the event of the Executive’s termination of employment, except as otherwise provided herein, payment made and performance by the Company Corporation in accordance with this Section 5 4, shall operate to fully discharge and release the Company Corporation and its any affiliate thereof, and their directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives representatives, from any further obligation or liability with respect to the Executive's employment and termination of employment’s rights under this Agreement. Other than paying Executive's Base Salary through the date of termination of Executive's employment and making any severance payment and continuing benefits and perquisites pursuant to and in accordance with performance under this Section 5 (as applicable)4, the Company Corporation and any affiliate thereof, 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 AgreementAgreement in the event of the Executive’s termination of employment.

Appears in 3 contracts

Samples: Employment Agreement (Seacoast Banking Corp of Florida), Employment Agreement (Seacoast Banking Corp of Florida), Employment Agreement (Seacoast Banking Corp of Florida)

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No Further Liability; Release. Payment In the event of Executive’s termination of employment, payment made and performance by the Company Corporation in accordance with this Section 5 4, shall operate to fully discharge and release the Company Corporation and its any affiliate thereof, and their directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives representatives, from any further obligation or liability with respect to Executive's employment and termination of employment’s rights under this Agreement. Other than paying Executive's Base Salary through the date of termination of Executive's employment and making any severance payment and continuing benefits and perquisites pursuant to and in accordance with performance under this Section 5 (as applicable)4, the Company Corporation and any affiliate thereof, and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to Executive or any other person under this AgreementAgreement in the event of Executive’s termination of employment.

Appears in 2 contracts

Samples: Employment Agreement (Seacoast Banking Corp of Florida), Employment Agreement (Seacoast Banking Corp of Florida)

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