Common use of Release and Waiver by Employee Clause in Contracts

Release and Waiver by Employee. In consideration for the promises set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, Employee, on behalf of Employee and Employee’s family, assigns, representatives, agents, heirs and attorneys, if any, hereby covenants not to xxx and fully, finally, and forever releases, acquits and discharges Employer, and its past, present and future, parents, subsidiaries, affiliates, divisions, successors, predecessors, joint ventures, and related companies, and each of the aforementioned entities’ past, present, and future shareholders, owners, investors, managers, principals, committees, administrators, sponsors, executors, trustees, partners, assigns, representatives, attorneys, directors, officers, fiduciaries, employees and agents; and any employee benefit plans maintained by Employer, its past, present and future parents, subsidiaries, affiliates, divisions, successors and predecessors, and the fiduciaries, consultants, agents and service providers of each such plan (collectively, the “Released Parties”) whether in their respective individual or official capacities, from any and all claims, demands, actions, liabilities, obligations and causes of action of whatever kind or character, whether known or unknown, which Employee has or might claim to have against the Released Parties for any and all injuries, harm, damages (actual and punitive), penalties, costs, losses, expenses, attorneys’ fees and liability or other detriment, if any, whatsoever and whenever incurred or suffered by Employee arising out of, relating to, or in connection with any transaction, occurrence or omission which transpired prior to Employee’s execution of this Agreement, including, without limitation:

Appears in 2 contracts

Samples: Confidential Severance and Release Agreement (Summit Hotel Properties, Inc.), Confidential Severance and Release Agreement (Summit Hotel Properties, Inc.)

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Release and Waiver by Employee. In For and in consideration for of the Severance Benefits referenced above, as well as the covenants and/or promises set forth in this Agreementcontained herein, the receipt and sufficiency of which are hereby acknowledged, Employee, on behalf of Employee and Employee’s family, assigns, representatives, agents, heirs and and/or attorneys, if any, hereby covenants not to xxx and fully, finally, and forever releases, acquits and discharges Employer, along with its former and its past, present and future, parents, subsidiaries, and/or affiliates, divisions, successors, along with its predecessors, joint venturessuccessors and/or assigns, if any, as well as their respective former and related companies, and each of the aforementioned entities’ past, present, and future shareholders, owners, investors, managers, principals, committeespresent officers, administrators, sponsorsdirectors, executorsshareholders, trustees, general or limited partners, assigns, representatives, agents, employees and/or attorneys, directorsif any, officers, fiduciaries, employees jointly and agents; and any employee benefit plans maintained by Employer, its past, present and future parents, subsidiaries, affiliates, divisions, successors and predecessors, and the fiduciaries, consultants, agents and service providers of each such plan severally (collectively, the “Released Parties”) whether in their respective individual or official capacities), from any and all claims, demands, actions, liabilities, obligations and and/or causes of action of whatever kind or character, whether known or unknown, which Employee or anyone on Employee’s behalf or for Employee’s benefit has or might claim to have against the Released Parties for any and all injuries, harm, damages (actual and punitive), penalties, costs, losses, expenses, attorneys’ fees and and/or liability or other detriment, if any, whatsoever and whenever incurred or suffered by Employee arising out of, relating to, or in connection with any transaction, transaction or occurrence or omission which transpired prior to Employee’s the execution of this Agreement, including, without limitation:

Appears in 2 contracts

Samples: Severance and Release Agreement (FelCor Lodging Trust Inc), Severance and Release Agreement (FelCor Lodging Trust Inc)

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