Common use of Release and Satisfaction Clause in Contracts

Release and Satisfaction. With respect to the Employee, his heirs, successors and assigns, payment by the Company of the severance to be provided under Section 7.1 above shall release, relinquish and forever discharge the Company and any director, officer, employee, shareholder or agent of the Company from any and all claims, damages, losses, costs, expenses, liabilities or obligations, whether known or unknown (other than any such claims, damages, losses, costs, expenses, liabilities or obligations (i) covered by any indemnification arrangement of the Company with respect to the Employee, or (ii) arising under any written employee benefit plan or arrangement (whether or not tax-qualified) covering the Employee), which the Employee has incurred or suffered or may incur or suffer as a result of the Employee's employment by the Company or the termination of such employment.

Release and Satisfaction. With respect to the Employee, his heirs, successors and assigns, payment by the Company Employer of the severance to be amounts provided under this Section 7.1 above 7 shall release, relinquish and forever discharge the Company Employer and any director, officer, employee, shareholder or agent of the Company Employer from any and all claims, damages, losses, costs, expenses, liabilities or obligations, whether known or unknown (other than any such claims, damages, losses, costs, expenses, liabilities or obligations (ia) covered by any indemnification arrangement of the Company Employer with respect to the Employee, Employee or (iib) arising under any written employee benefit plan or arrangement (whether or not tax-qualified) covering the Employee), which the Employee has incurred or suffered or may incur or suffer as a result of the Employee's employment by the Company or the termination of such employment.

Release and Satisfaction. With respect to the Employee, his heirs, successors and assigns, payment by the Company of the severance to be provided under Section 7.1 above shall release, relinquish and forever discharge the Company and any director, officer, employee, shareholder or agent of the Company from any and all claims, damages, losses, costs, expenses, liabilities or obligations, whether known or unknown (other than any such claims, damages, losses, costs, expenses, liabilities or obligations (i) covered by any indemnification arrangement of the Company with respect to the Employee, or (ii) arising under any written employee benefit plan or arrangement (whether or not tax-qualified) covering the Employee), which the Employee has incurred or suffered or may incur or suffer as a result of the Employee's Employees employment by the Company or the termination of such employment.