Prior Terms Extinguished Clause Samples

Prior Terms Extinguished. The Change of Control Agreement (the “CCA”), dated August 16, 2000, and the Severance Letter Agreement (“Severance Agreement”) dated January 28, 2002, between the Company and Employee are hereby extinguished and shall have no further effect. In exchange for this extinguishment, Employee shall receive the Supplemental Payment in accordance with subparagraph 3.3 below.