Common use of STOCKHOLDERS' RELEASE Clause in Contracts

STOCKHOLDERS' RELEASE. The STOCKHOLDERS and the individuals listed on Schedule 9.6 shall have delivered to HOLDING an instrument dated the Pre-Closing Date releasing the COMPANY, to the maximum extent permitted by law, from any and all (i) claims of the STOCKHOLDERS against the COMPANY and (ii) obligations of the COMPANY to the STOCKHOLDERS, except for (x) items specifically identified on Schedules 5.10, 5.15 and 9.6 as being claims of or obligations to the STOCKHOLDERS and (y) continuing obligations to the STOCKHOLDERS relating to their employment by the COMPANY.

Appears in 9 contracts

Samples: Agreement and Plan of Organization (Enfinity Corp), Enfinity Corp, Enfinity Corp

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