Common use of Severance Release Clause in Contracts

Severance Release. Executive acknowledges and agrees that the Company’s payment of the severance compensation pursuant to Section 7.4, Section 7.5 or Section 7.7 of this Agreement shall be deemed to constitute a full settlement and discharge of any and all obligations of the Company to Executive arising out of this Agreement, Executive’s employment with the Company and/or the termination of Executive’s employment with the Company. Executive further acknowledges and agrees that as a condition to receiving any of the severance compensation pursuant to Section 7.4, Section 7.5 or Section 7.7 of this Agreement, Executive will execute and deliver to the Company a Release Agreement in substantially the form attached as Exhibit A (with such changes as may be necessary due to changes in applicable law) pursuant to which Executive will release and waive all claims against the Company, its affiliates, and all of its and their present and/or former members, owners, officers, directors, employees, agents, attorneys and representatives, including, without limitation, all claims arising out of this Agreement, Executive’s employment with the Company, and/or the termination of Executive’s employment with the Company; provided, however, that such Release Agreement shall not affect or relinquish (a) any claim for Base Salary earned by Executive prior to the employment termination date; (b) any claims for reimbursement of business expenses incurred prior to the employment termination date, (c) any rights to the severance or other compensation under Section 7.4, Section 7.5 or Section 7.7, as applicable, of this Agreement; or (d) any rights Executive may have with respect to vested benefits under any employee benefit plans or programs of the Company. The severance compensation described in Section 7.4, Section 7.5 or Section 7.7 of this Agreement is in lieu of any severance benefits under any severance policy or plan the Company may have now or in the future, and Executive acknowledges that he is not entitled to any other severance benefits.

Severance Release. Executive acknowledges and agrees that the Company’s payment of the severance and other compensation pursuant to Section 7.4, Section 7.5 6.5 or Section 7.7 of this Agreement 6.6 shall be deemed to constitute a full settlement and discharge of any and all obligations of the Company to Executive arising out of this Agreement, Executive’s employment with the Company and/or the termination of Executive’s employment with the Company. Executive further acknowledges and agrees that as a condition to receiving any of the severance and other compensation pursuant to Section 7.4, Section 7.5 6.5 or Section 7.7 of this Agreement6.6, Executive will execute and execute, deliver to the Company, and not revoke a release agreement in a form prepared by, and satisfactory to, the Company a (the "Release Agreement in substantially the form attached as Exhibit A (with such changes as may be necessary due to changes in applicable lawAgreement") pursuant to which Executive will release and waive waive, to the fullest extent permitted by law, all claims against the Company, its affiliates, and all of its and their present and/or former members, owners, officers, directors, members, shareholders, employees, agents, attorneys attorneys, insurers, representatives, employee benefit plans and representativestheir fiduciaries, both individually and in their representative capacities, including, without limitation, all claims arising out of this Agreement, Executive’s 's employment with the Company, and/or the termination of Executive’s 's employment with the Company; provided, however, that such the Release Agreement shall not affect or relinquish release (a) any claim for Base Salary earned by Executive prior to the employment termination date; Accrued Benefits, (b) any claims for reimbursement of business expenses incurred prior to the employment termination date, (c) any rights to the severance or and other compensation under Section 7.4, Section 7.5 6.5 or Section 7.76.6, as applicable, of this Agreement; or and (dc) any rights Executive may have with respect to vested benefits under any employee benefit plans or programs of the CompanyCompany (except any severance plan). The severance and other compensation described in Section 7.4, Section 7.5 6.5 or Section 7.7 of this Agreement 6.6 is in lieu of any severance benefits under any severance policy or plan the Company may have now or in the future, and Executive acknowledges that he Executive is not entitled to any other severance benefits.

Severance Release. Executive acknowledges and agrees that the Company’s payment of the severance compensation pursuant to Section 7.4, Section 7.5 or Section 7.7 of this Agreement shall be deemed to constitute a full settlement and discharge of any and all obligations of the Company to Executive arising out of this Agreement, Executive’s employment with the Company and/or the termination of Executive’s employment with the Company. Executive further acknowledges and agrees that as a condition to receiving any of the severance compensation pursuant to Section 7.4, Section 7.5 or Section 7.7 of this Agreement, Executive will execute and deliver to the Company a Release Agreement in substantially the form attached as Exhibit A (with such changes as may be necessary due to changes in applicable law) pursuant to which Executive will release and waive all claims against the Company, its affiliates, and all of its and their present and/or former members, owners, officers, directors, employees, agents, attorneys and representatives, including, without limitation, all claims arising out of this Agreement, Executive’s employment with the Company, and/or the termination of Executive’s employment with the Company; provided, however, that such Release Agreement shall not affect or relinquish (a) any claim for Base Salary earned by Executive prior to the employment termination date; (b) any claims for reimbursement of business expenses incurred prior to the employment termination date, (c) any rights to the severance or other compensation under Section 7.4, Section 7.5 or Section 7.7, as applicable, of this Agreement; or (d) any rights Executive may have with respect to vested benefits under any employee benefit plans or programs of the Company. The severance compensation described in Section 7.4, Section 7.5 or Section 7.7 of this Agreement is in lieu of any severance benefits under any severance policy or plan the Company may have now or in the future, and Executive acknowledges that he she is not entitled to any other severance benefits.. 7 of 20