RELEASE AND WAIVERRelease and Waiver • April 19th, 2022 • Ashford Inc. • Services-management consulting services
THIS RELEASE AND WAIVER (the “Termination Release”) is made as of the 15th day of April, 2022 by and between JEREMY WELTER (the “Executive”) and ASHFORD HOSPITALITY SERVICES, LLC (the “Company”), a subsidiary of ASHFORD INC. (“AINC,” together with all subsidiaries and affiliates of AINC, including the Company, the “Ashford Companies”). All capitalized terms not defined in this Termination Release shall have the meanings assigned to such terms in that certain Amended and Restated Employment Agreement (the “Agreement”) dated as of December 20, 2019.
