WAIVER AND RELEASEWaiver and Release • December 7th, 2005 • Factory Card Outlet Corp • Retail-miscellaneous shopping goods stores
This is a Waiver and Release (“Release”) between James D. Constantine (“Executive”) and Factory Card & Party Outlet Corp. (“Factory Card & Party Outlet”) and its subsidiaries (collectively with Factory Card & Party Outlet, the “Company”). The Company and the Executive agree that they have entered into this Release voluntarily, and that it is intended to be a legally binding commitment between them. The parties agree that their employment relationship is and has been “at will,” and that either has the right to end the employment relationship at any time, with or without notice or cause.
