Common use of Termination of Preexisting Agreements Clause in Contracts

Termination of Preexisting Agreements. The Preexisting Agreements are hereby terminated for all purposes and Executive hereby releases NMHC and other NMHC Entities from any and all claims Executive otherwise may have relating to any of the Preexisting Agreements or based on any promise or assurance of compensation, including without limitation any promise of equity or other compensation, except to the extent provided in this Agreement or described on Exhibit “C” attached hereto. All of the stock option, restricted stock, or other agreements, promises, assurances or arrangements which may entitle Executive to compensation based on any class of capital stock or other security of NMHC are listed in their entirety on Exhibit “C” attached hereto and copies thereof have been provided to Executive. Executive hereby represents to NMHC that, except for (i) this Agreement; (ii) those agreements, promises, assurances or understandings expressly set forth on Exhibit “A” attached hereto, which shall terminate pursuant to this Section 7 upon execution of this Agreement; and (iii) those agreements, promises, assurances or understandings expressly set forth on Exhibit “C” attached hereto, which shall survive the making of this Agreement, there are no agreements, promises, assurances or understandings, written or oral, relating to Executive’s employment or compensation. In the interest of clarity, notwithstanding the foregoing or anything to the contrary contained in this Agreement or Exhibit “A”, NMHC’s general policies (and Executive’s obligations to comply with them) shall remain in effect and continue to apply to Executive.