ContractGeneral Release Agreement • May 10th, 2006 • 4 Kids Entertainment Inc • Patent owners & lessors
General Release Agreement of Steven M. Grossman This General Release Agreement (“Release Agreement”) is entered into as of April 6, 2006, by Steven M. Grossman, residing at XX XXXXXXX XXXXXXXXX (“Grossman”). WHEREAS, Grossman and 4Kids Entertainment, Inc. (“the Company”) are parties to the Executive Employment Agreement dated June 30, 2005, by which Grossman was employed commencing September 1, 2005 (“Agreement” or “Executive Employment Agreement”); WHEREAS, the employment of Grossman terminated effective as of April 6, 2006; WHEREAS, conditioned upon Grossman’s execution of this Release Agreement, the termination of Grossman’s employment will be deemed to be pursuant to Section 6.3 of the Executive Employment Agreement; and WHEREAS, Grossman has read and given due and knowing consideration to all provisions and recitals of this Release Agreement; NOW, THEREFORE, in consideration of the terms and conditions of his Agreement, Grossman hereby executes and delivers to the Company this Rel
