Release of Employment Agreement Sample Contracts

Release of Employment Agreement

Release of Employment Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec • Texas

• Contract Type
  Release of Employment Agreement
• Filed
  December 28th, 2007
• Company
  IElement CORP
• Industry
  Services-business services, nec
• Jurisdiction
  Texas

Pursuant to the certain Stock Purchase Agreement by and between IElement Corporation (“Seller”) and Ivan Zweig (“Buyer”) and for limited purposes IElement Inc. dated as of December 12, 2007, the parties have agreed to release each other from any and all liability under that certain Employment Agreement dated January 1, 2007 as disclosed in the Seller’s Form 8-K filed with the Securities Exchange Commission on April 20, 2007 (the “Employment Agreement”). The terms of the release are set forth herein.