Common use of Release of the Company Clause in Contracts

Release of the Company. Executive, for himself, his successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives, and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without limiting the broadness of the foregoing language, Executive agrees to release Company from any and all claims under:

Release of the Company. Executive, for himself, his successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives, representatives and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, costs or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, affiliates or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without limiting the broadness of the foregoing language, Executive agrees to release Company from any and all claims under:

Release of the Company. Executive, for himself, his successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives, and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without Without limiting the broadness of the foregoing language, Executive agrees to release Company from any and all claims under:

Release of the Company. Executive, for himselfherself, his her successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his her rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives, and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without limiting the broadness of the foregoing language, Executive agrees to release Company from any and all claims under:

Release of the Company. Executive, for himself, his successors, assigns, executors, administrators, insureds, attorneysUpon the Effective Date of this Agreement, and in return for valuable consideration, the receipt of which is hereby acknowledged, Peachstate and the Former Members, on behalf of themselves, and for all those entitled to assert his rightspersons who may claim by, now through, or under them, their present and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employeesformer representatives, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estatesattorneys, predecessors, successors, heirsinsurers, executorspartners, administrators, heirs, executors and assigns (hereinafter referred to as the “Peach Releasors”), release and forever discharge the Company, and all of their predecessors, subsidiaries, affiliates, parent corporations, and all of their respective, present or past officers, agents, employees, shareholders, directors, attorneys, insurers, sureties, successors and assigns, representatives, as well as any employee or former employee thereof (individually and attorneys (collectively hereinafter referred to as the “Released Company Parties”), from any and all legalrights, administrative, claims and equitable claims, actions, causes of action, sums of money duesuits, suitsliabilities, obligations, debts, liensdues, sums of money, accounts, reckonings, bonds, bills, covenants, contracts, obligationscontroversies, costsagreements, expensespromises, damages, judgments, agreements, promises, demandsexecutions, claims for attorneys’ fees and costs, or liabilities of any nature whatsoeverdemands, in law or in equity, which Executive ever had known or now has unknown, which, against the Released Company Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive hasPeach Releasors have, had or purports to have, may have from the beginning of time to through the date Effective Date of this ReleaseAgreement, whether known arising out of or unknownrelated to, that now existsdirectly or indirectly, no matter how remotely they may be related to the aforesaid employment relationship including Merger and/or the Merger Agreement, including, but not limited to to, claims for employment discrimination arising under all federal, state or and local statutes, except as provided in Paragraph 2. laws and ordinances prohibiting, without limiting the broadness limitation, breach of contract, breach of the covenant of good faith and fair dealing, breach of fiduciary duty, defamation or fraud and any alleged entitlement to costs fees, or expenses, including attorneys’ fees’; provided however, that the foregoing language, Executive agrees to release (i) shall exclude any claims for breach of obligations under this Agreement and (ii) shall not be construed as releasing the Company from any and all claims under:its obligations under the Senior Notes held by the Lenders or the Credit Agreement contemplated by Section 4 of this Agreement.

Release of the Company. In consideration of this Agreement, including without limitation the Severance Amount, Executive on behalf of Executive and Executive’s representatives, for himselfheirs, his successors, and assigns, executors, administrators, insureds, attorneysdoes hereby unconditionally and completely release and forever discharge the Company, and all those entitled to assert his rightsany of its past, now and forever hereby releases and discharges the Company and its respective present and/or future, direct and/or indirect, officers, directors, shareholdersmembers, stockholders, trustees, partners, joint ventures, board membersmanagers, employees, agents, representatives, attorneys, insurers, partners, investors, shareholders, administrators, parent corporationscompanies, divisions, wholly or partially owned subsidiaries, affiliates, estatesdivisions, predecessors, successors, heirs, executors, administrators, assigns, representativesand joint venturers, and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship specifically including but not limited to LiqTech International, Inc., LiqTech Holding A/S, LiqTech Water A/S, LiqTech Ceramics A/S, and LiqTech Plastics A/S, and each of their current and former shareholders, officers, directors, partners, managers, members, agents, consultants, employees, insurers, attorneys, successors, and assigns (the "Released Parties") from and covenants not to sxx upon, any and all claims, rights, demands, actions, obligations, liabilities, and causes of action of every kind and character, known or unknown, mature or un-matured, which Executive may now have, or has ever had against the Released Parties from any act or omission, or condition occurring on or prior to the date of Executive’s execution of this Agreement, whether based on tort, contract (express or implied), or any applicable law, statute, or regulation (collectively, the "Released Claims"). Released Claims specifically include but are not limited to, to the maximum extent permitted by law, (i) any claims in connection with, relating to, or arising out of Executive’s employment with the Company, the terms and conditions of such employment, and/or the termination, resignation, separation or end of such employment; (ii) any claims for compensation, salary, bonuses or similar benefits, severance pay, or vacation pay; (iii) any claims under any applicable law, regulation, or ordinance, including those prohibiting employment discrimination discrimination, harassment or retaliation; (iv) any claims in connection with, arising under federalor relating to any alleged written, state oral or local statutesimplied Director Contract; (v) any claims under common or civil law including, except as provided in Paragraph 2without limitation, any claims for tort, breach of contract (express or implied, written or oral), quasi contract, detrimental reliance, any doctrine of good faith and fair dealing, negligent or intentional infliction of emotional distress, violation of public policy, or wrongful or constructive discharge or termination; and (vi) any claims for compensatory damages, punitive damages, liquidated damages, emotional distress, or attorneys’ fees, costs, disbursements and the like. without limiting the broadness Executive intends this release to be a general release of the foregoing language, Executive agrees to release Company from any and all claims under:to the fullest extent permissible by law. Nothing herein releases any claims arising out of or relating to enforcing the terms of this Agreement, any claims that arise after execution of this Agreement, or any claims that, as a matter of law, cannot be released by private agreement. Executive understands that this paragraph does not prevent Executive from filing a charge with, communicating with, or participating in an investigation by a governmental administrative agency; provided, however, that Executive hereby waives any right to receive any monetary award resulting from such a charge or investigation.

Release of the Company. ExecutiveSubject to the terms of this Agreement and except as expressly set forth herein, and in exchange for himselfand as a part of the consideration set forth herein, the Individual and his successorsheirs, assigns, executors, executors and/or administrators, insuredsrepresentatives, attorneyslawyers, counselors, advisors, agents, and all those entitled to assert his rightsany entity in which the Individual has ownership in or controls, now individually and forever collectively, hereby releases fully release and discharges discharge the Company Company, including without limitation its past and its respective present subsidiaries, affiliates, officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators-in-interest, assigns, representatives, insurers, lawyers, counselors, advisors and attorneys (the “Released Parties”)agents, individually and collectively, of and from any and all legalconceivable known or unknown past, administrativepresent, and equitable or future liabilities, debts, claims, actions, causes of action, sums of money dueattorneys’ fees, suits, debts, liens, covenants, contracts, obligationsdemands for damages, costs, expensesindemnification (except as otherwise provided herein), damagescontribution, judgmentsor any other thing, agreementsof any kind or nature whatsoever, promisesfor which the Company has or may have (except as otherwise provided herein), or any contribution, whether certain or speculative, fully or partially accrued, inchoate, springing, contingent, questioned or doubtful, which the Individual has, may have, or has had at any time prior hereto, or which may be brought in the future in connection with any acts or omissions whether known or unknown which have occurred at any time prior to the Resignation Date, or in connection with any duties or functions for, or obligations of, any type to the Individual. Subject to the terms of this Agreement, the Individual covenants not to sue the Company for any matter or claim covered by this release and that any such lawsuit is a breach of this covenant and release. Without limiting the generality of the foregoing, the claims the Individual is waiving include, but are not limited to, (a) any claims, demands, and causes of action alleging violations of public policy, or of any federal, state, or local law, statute, regulation, executive order, or ordinance, or of any duties or other obligations of any kind or description arising in law or equity under foreign, federal, state, or local law, regulation, ordinance, or public policy having any bearing whatsoever on the terms or conditions of the Individual’s employment with or by the Company or the termination of the Individual’s employment with the Company or any association or transaction with or by the Company; (b) all claims of discrimination or harassment on the basis of age, sex, race, national origin, religion, sexual orientation, disability, veteran status or any other legally protected category; (c) all claims under any state law; (d) all claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Fair Labor Standards Act, the Genetic Information Nondiscrimination Act, 42 U.S.C. § 1981, and all other federal, state and local fair employment and anti-discrimination laws, all as amended; (e) all claims under the Worker Adjustment and Retraining Notification Act and similar state and local statutes, all as amended; (f) all claims under the National Labor Relations Act, as amended; (g) all claims under the Family and Medical Leave Act and other federal, state and local leave laws, all as amended; (h) all claims under the Employment Retirement Income Security Act, as amended (except with respect to accrued vested benefits under any retirement or 401(k) plan in accordance with the terms of such plan and applicable law); (i) all claims under the False Claims Act, the Securities Exchange Act of 1934, the Commodity Exchange Act, the Consumer Financial Protection Act, the American Recovery and Reinvestment Act, the Foreign Corrupt Practices Act, and the EU Competition Law, all as amended; (j) all claims under any principle of common law or sounding in tort or contract; (k) all claims concerning any right to reinstatement; (l) all claims under the Immigration Reform and Control Act; (m) all claims under the Fair Credit Reporting Act; (n) all claims under any state or local laws similar to the immediately aforementioned laws; and (o) all claims for attorneys’ fees, costs, damages or other relief (monetary, equitable or otherwise), whether under foreign, federal, state or local law, whether statutory, regulatory or common law, to the fullest extent permitted by law. Notwithstanding anything contained herein to the contrary, this release and covenant specifically exclude and shall not apply to (i) any obligations due the Individual pursuant to this Agreement for any Benefits; (ii) the Individual’s rights to coverage under any fiduciary and/or directors and officer insurance policy purchased or obtained by or on behalf of the Company under which the Individual is insured or to indemnification and/or advancement of legal fees and costsother costs under any contract, by-law or liabilities other arrangement that would cover the Individual (including as a fiduciary of any nature whatsoeveremployee benefit plan) but for this release and covenant; (iii) claims with respect to any vested pension/401(k) benefits, in law any benefits under the Company’s Supplemental Executive Retirement Plan or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason other vested benefit provided under any employee health and welfare plan of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, affiliates or predecessors, and Executive. It is understood and agreed subsidiaries that this Release is intended the Individual may have as of the Resignation Date (including any benefits that vest in connection with or as a result of the Individual’s separation from the Company); (iv) any other claims that by law are non-waivable; (v) claims with respect to cover all actions, causes any reimbursement of action, claims any business expenses incurred in accordance with applicable Company policies on or demands for any damage, loss or injury, which may be traced either directly or indirectly prior to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, from the beginning of time to the date Resignation Date; (vi) claims for breach of this Release, whether known Agreement or unknown, that now exists, no matter how remotely they may be related to enforce the aforesaid employment relationship including but not limited terms of this Agreement; and (vii) claims relating to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without limiting acts occurring after the broadness of the foregoing language, Executive agrees to release Company from any and all claims under:Resignation Date.

Release of the Company. Executivea. In consideration of the payments and benefits described in Paragraph 1 above, for himselfthe sufficiency of which is hereby acknowledged, except as otherwise expressly set forth in this Agreement, Bxxxxx, on behalf of himself and his successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, successors and assigns, representativesvoluntarily, knowingly, and attorneys willingly unconditionally releases and forever discharges the Company, its parents, subsidiaries and affiliates, the Company's benefit plans, programs and arrangements, and their administrators, functionaries and fiduciaries, together with all of the foregoing persons' or entities' present or former officers, directors, partners, shareholders, employees, and agents, Rxxxxx Xxxxxxxx, his family and associates, and each of the foregoing persons' or entities' predecessors, successors, and assigns, family members of the aforementioned people, and any other person with whom Bxxxxx has come in contact solely as a result of his employment with the Company (the collectively, “Released PartiesRelated Persons”), from any and all legalcharges, administrativecomplaints, claims (including claims for attorneys' fees and equitable claimscosts), actionspromises, agreements, controversies, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees action and costs, or liabilities demands of any nature whatsoever, in law known or in equityunknown, suspected or unsuspected, which Executive against them Bxxxxx or Bxxxxx'x heir, executors, administrators, successors or assigns ever had had, now have, or now has against the Released Partieshereafter can, including any claims arising shall, or may have by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that Executive has, had or purports to have, matter whatsoever arising from the beginning of time to the date of time this Release, whether known or unknown, that now exists, no matter how remotely they may be Agreement is executed by Bxxxxx related to or arising out of his employment, and the aforesaid termination thereof, by any of the Related Persons. This release includes, but is not limited to, any rights or claims relating in any way to Bxxxxx'x employment relationship with the Company, or the separation therefrom, any rights or claims relating to or arising under any statute or regulation, including but not limited to claims for employment discrimination under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act, the Equal Pay Act of 1963, 42 U.S.C. Section 1981, the Family and Medical Leave Act, each as amended, the New York State Human Rights Law, the New York City Human Rights Law, or any other federal, state or local statuteslaw, except as provided in Paragraph 2. without limiting regulation, ordinance or common law, or under any policy, agreement, understanding, or promise, written or oral, formal or informal, between the broadness of the foregoing language, Executive agrees to release Company from any and all claims under:Bxxxxx.

Release of the Company. The Executive, for himself, his successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives, and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, or liabilities of any nature whatsoever, in law or in equity, which the Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, or predecessors, and the Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination of that relationship, that the Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without Without limiting the broadness of the foregoing language, the Executive agrees to release Company from any and all claims under:

Release of the Company. Executive, for himself, his successors, assigns, executors, administrators, insureds, attorneys, and all those entitled to assert his rights, now and forever hereby releases and discharges the Company and its respective officers, directors, shareholders, stockholders, trustees, partners, joint ventures, board members, employees, agents, parent corporations, divisions, wholly or partially owned subsidiaries, affiliates, estates, predecessors, successors, heirs, executors, administrators, assigns, representatives, representatives and attorneys (the “Released Parties”), from any and all legal, administrative, and equitable claims, actions, causes of action, sums of money due, suits, debts, liens, covenants, contracts, obligations, costs, expenses, damages, judgments, agreements, promises, demands, claims for attorneys’ fees and costs, costs or liabilities of any nature whatsoever, in law or in equity, which Executive ever had or now has against the Released Parties, including any claims arising by reason of or in any way connected with any employment relationship which existed between the Company or any of its parents, subsidiaries, affiliates, affiliates or predecessors, and Executive. It is understood and agreed that this Release is intended to cover all actions, causes of action, claims or demands for any damage, loss or injury, which may be traced either directly or indirectly to the aforesaid employment relationship, or the termination Separation of that relationship, that Executive has, had or purports to have, from the beginning of time to the date of this Release, whether known or unknown, that now exists, no matter how remotely they may be related to the aforesaid employment relationship including but not limited to claims for employment discrimination under federal, state or local statutes, except as provided in Paragraph 2. without Without limiting the broadness of the foregoing language, Executive agrees to release Company from any and all claims under: