Separation and Release Agreement Sample Contracts

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SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • January 29th, 2007 • American Technology Corp /De/ • Household audio & video equipment

I, Charles Peacock (“Employee,” “me” or “I”), understand that my position with American Technology Corporation (the “Company”) was terminated effective November 27, 2006 (the “Separation Date”). The Company has agreed that in exchange for my signature on this Agreement and the promises and covenants herein, the Company will pay me severance in the amount of $37,500.00 (Thirty Seven Thousand Five Hundred Dollars and No Cents) minus the standard withholdings and deductions. This payment will be made within five (5) business days after the expiration of the revocation period described below. I understand that I am not entitled to this severance payment unless I sign and do not revoke this Agreement. I understand and agree that in addition to this severance the Company has paid me all of my accrued salary and vacation, to which I am entitled by law.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 14th, 2020 • Jack in the Box Inc /New/ • Retail-eating places • California

I, Phillip Rudolph, whose address is [ ], understand that my employment with Jack in the Box Inc. and/or any past or present subsidiary, affiliate, predecessor, or successor, (Collectively referred to herein as “Company”) will terminate March 2, 2020 (“Termination Date”). This Separation and Release Agreement (“Agreement”) is entered into in connection with my termination.

Separation and Release Agreement
Separation and Release Agreement • May 16th, 2024 • Exicure, Inc. • Pharmaceutical preparations • Illinois

This Separation and Release Agreement (the “Agreement”) by and between Exicure, Inc. (the “Company”) and Elias Papadimas (“You” or “Your”) (the Company and You collectively referred to as the “Parties”), is entered into and effective as of April 26, 2023 (the “Effective Date”).

FORM OF EXECUTIVE OFFICER SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • March 9th, 2017 • Nii Holdings Inc • Radiotelephone communications • Virginia

This Separation and Release Agreement (“Agreement”) is made by and between NII Holdings, Inc. (“NII”), a Delaware corporation, and _______ (hereinafter “Employee”). NII and Employee are collectively referred to as the “Parties” and individually as a “Party.”

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • October 4th, 2018 • Innoviva, Inc. • Pharmaceutical preparations • California

This Separation and Release Agreement (this “Agreement”), delivered September 28, 2018, confirms the following understandings and agreements between Innoviva, Inc. (the “Company”) and George B. Abercrombie (hereinafter referred to as “you” or “your”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 9th, 2022 • CarLotz, Inc. • Retail-auto dealers & gasoline stations • Virginia

This Separation and Release Agreement (the “Agreement”) is entered into on April 1, 2022, by and between Daniel Valerian (“Employee”) and CarLotz Inc., a Delaware corporation (the “Company”). Capitalized terms used but not defined herein shall have the meanings set forth in that certain Employment Agreement, entered into as of December 11, 2020, by and between Employee and the Company (the “Employment Agreement”).

Separation and Release Agreement
Separation and Release Agreement • May 16th, 2024 • Exicure, Inc. • Pharmaceutical preparations • Illinois

This Separation and Release Agreement (the “Agreement”) by and between Exicure, Inc. (the “Company”) and Matthias Schroff (“You” or “Your”) (the Company and You collectively referred to as the “Parties”), is entered into and effective as of April 26, 2023 (the “Effective Date”).

Separation and Release Agreement
Separation and Release Agreement • July 19th, 2023 • Axalta Coating Systems Ltd. • Paints, varnishes, lacquers, enamels & allied prods

This Separation and Release Agreement (“Agreement”) is made by and between Sean M. Lannon (“Executive”) and Axalta Coating Systems Ltd., a Bermuda exempted limited liability company (the “Company” and as the context requires the Company shall include the Company’s subsidiaries) (collectively, referred to as the “Parties” or individually referred to as a “Party”). Capitalized terms used but not defined in this Agreement shall have the meanings set forth in the Executive Agreement (as defined below).

I. RECITALS
Separation and Release Agreement • July 17th, 2002 • Planetcad Inc • Services-prepackaged software
SEPARATION AND RELEASE AGREEMENT For EXECUTIVE OFFICERS
Separation and Release Agreement • November 23rd, 2021 • Jack in the Box Inc /New/ • Retail-eating places • California

I, Adrienne Ingoldt, whose address is [ ], understand that my employment with Jack in the Box Inc. and/or any past or present subsidiary, affiliate, predecessor, or successor, (Collectively referred to herein as “Company”) will terminate September 24, 2021 (“Termination Date”). This Separation and Release Agreement (“Agreement”) is entered into in connection with my termination.

Re: Separation and Release Agreement Dear Mr. McAvoy:
Separation and Release Agreement • November 13th, 2023 • Fresh Tracks Therapeutics, Inc. • Biological products, (no disgnostic substances)

This letter sets forth the substance of the Separation and Release Agreement (the “Agreement”) that Fresh Tracks Therapeutics, Inc., f/k/a Brickell Biotech, Inc., the parent of Brickell Sub (“Brickell Parent”) and Brickell Subsidiary, Inc., d/b/a Brickell Biotech, Inc. (“Brickell Sub”), both being Delaware companies with a principal business address located at Founder Central, 2000 Central Avenue, 100, Boulder, Colorado 80301 (Brickell Sub and, together with Brickell Parent and any predecessors of Brickell Sub or Brickell Parent, collectively referred to herein as the “Company”) is offering to aid you in your employment transition as a result of the Company’s decision to downsize and dissolve its business operations. Except as expressly referenced herein, this Agreement supersedes and replaces all prior understandings and agreements, whether oral or written, regarding the terms and conditions of your employment with the Company, including but not limited to that certain Employment Agre

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • March 16th, 2011 • Augme Technologies, Inc. • Communications equipment, nec • New York

This Separation and Release Agreement (this “Agreement”) is made and entered into as of July 9, 2010 (the “Contract Date”), by and between Scott Russo (“Employee” or “You”) and Augme Technologies, Inc., (formerly Modovox, Inc.) a Delaware corporation (the “Company” or “Employer”). Employee and the Company are sometimes each referred to herein as a “Party” and collectively, as the “Parties”. Terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Employment Agreement (as defined below).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • February 28th, 2020 • Heska Corp • In vitro & in vivo diagnostic substances • Colorado

This Separation and Release Agreement (the “Agreement”) is made between (i) Steve Asakowicz (“Employee”) and (ii) Heska Corporation (the “Company”). Employee and the Company are referred to collectively as the “Parties” and individually as a “Party.”

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 27th, 2018 • Eclipse Resources Corp • Crude petroleum & natural gas

THIS SEPARATION AND RELEASE AGREEMENT (this “Agreement”) is made and entered into effective as of August 24, 2018 (the “Effective Date”), by and between Eclipse Resources Corporation, a Delaware corporation (the “Company”), and Christopher K. Hulburt (“Executive”). Any capitalized term set forth in this Agreement that is not defined in this Agreement shall have the meaning given to such term in the amended and restated employment agreement dated as of August 14, 2017, between Executive and the Company (the “Employment Agreement”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • January 27th, 2014 • PTGi HOLDING, INC. • Telephone communications (no radiotelephone) • Virginia

THIS SEPARATION AND RELEASE AGREEMENT (the “Agreement”) is made and entered into by and between James C. Keeley (the “Employee”), and PTGi Holding, Inc. (“Parent”), Primus Telecommunications, Inc. (“PTI”) and its affiliate PTGi International Carrier Services, Inc. (“PTGi-ICS” and together with PTI and Parent, the “Employer”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • April 2nd, 2008 • Edgar Filingnet Inc • Services-business services, nec • Georgia

THIS AGREEMENT (the “Agreement”) is entered and made effective the 31st day of March, 2008, by and between JAMES REIMER (the “Individual”) and COASTAL CAPITAL ACQUISITION CORP., a Georgia corporation (the “Company”) (collectively, the “Parties”).

EXHIBIT 10.92
Separation and Release Agreement • October 21st, 2002 • Major Automotive Companies Inc • Retail-auto dealers & gasoline stations • New York
SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 7th, 2014 • Alabama Power Co • Electric services • Florida

This SEPARATION AND RELEASE AGREEMENT (Agreement) is entered into by PAUL BERNARD JACOB (Employee) and GULF POWER COMPANY (Company) and arises out of Employee’s separation from service. In consideration of the material promises contained herein, the parties agree as follows:

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SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • January 22nd, 2016 • Lincoln Educational Services Corp • Services-educational services • New Jersey

THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made between Lincoln Educational Services Corporation (the “Company”) and Kenneth M. Swisstack (“you”), and is in consideration of their mutual undertakings as set forth in this Agreement.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • November 8th, 2023 • Wm Technology, Inc. • Services-prepackaged software • California

THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made and entered into effective October 18 , 2023 (the “Effective Date”), between Ghost Management Group, LLC, a Delaware limited liability company, and its owners, officers, directors, shareholders, employees, agents, assigns, representatives, affiliates, parents, subsidiaries and successors in interest (collectively, the “Company”), on the one hand, and Randa Dawnelle McMinn, an individual (“Employee”), on the other hand. Each of the Company and Employee may be referred to individually as a “Party” and collectively as the “Parties.”

Separation and Release Agreement Effective as of November 16, 2023
Separation and Release Agreement • February 22nd, 2024 • Perimeter Solutions, SA • Chemicals & allied products • Delaware

This Separation and Release Agreement (this “Agreement”) is entered into as of the date first set forth above by and among Perimeter Solutions, SA, a public company limited by shares duly incorporated and validly existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 12E, rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg and registered with the Registre de Commerce et des Sociétés, Luxembourg (Luxembourg Trade and Companies Register) under number B 256.548 (the “Parent”), Perimeter Solutions LP, a Delaware limited partnership (the “Company”), and Charles W Kropp (the “Executive”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 2nd, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled

This Separation and Release Agreement (this “Agreement”) is entered into by and between Lee Applbaum (“Employee”) and Wheels Up Partners LLC (the “Company”). In consideration of the material promises contained herein, the parties agree as follows:

February 5, 2015
Separation and Release Agreement • March 12th, 2015 • Lri Holdings, Inc. • Retail-eating places

We have recently agreed to the termination of your employment relationship with Logan’s Roadhouse, Inc. (the “Company”), an indirect wholly-owned subsidiary of Roadhouse Holding Inc. (“Parent”). This letter, upon your signature, will constitute the only agreement (the “Agreement”) between you and the Company and Parent regarding the termination of your employment relationship with the Company to include any officer or executive position held with Parent or any of its subsidiaries.

Separation and Release Agreement
Separation and Release Agreement • May 10th, 2024 • Health Catalyst, Inc. • Services-computer programming, data processing, etc.

This Separation and Release Agreement (the “Agreement”) is made and entered into as of the last date on the signature page (the “Effective Date”) and confirms the following understandings and agreements among Health Catalyst, Inc. (“Health Catalyst” or the “Company”) and Bryan Hunt (hereinafter referred to as “you” or “your”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • November 3rd, 2023 • ConnectOne Bancorp, Inc. • State commercial banks • New Jersey

This Separation and Release Agreement ("Agreement") is made as of this 29th day of September, 2023 by and among Christopher J. Ewing ("Employee"), ConnectOne Bancorp, Inc., a New Jersey corporation (“CNOB”) and ConnectOne Bank, a New Jersey chartered commercial bank (“Bank”, and with CNOB, collectively the "Employer").

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • September 30th, 2024 • Cerebras Systems Inc. • Semiconductors & related devices • California

This Separation and Release Agreement (“Agreement”) is dated February 15, 2024, and entered into between Tony Maslowski (“you”) and CEREBRAS SYSTEMS, INC. (“Company”). You and the Company (together, the Parties) agree as follows:

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • September 30th, 2020 • Benefitfocus, Inc. • Services-prepackaged software • South Carolina

This SEPARATION AND RELEASE AGREEMENT (the “Agreement”) is made and entered into this 29th day of September, 2020 (the “Effective Date”) by and between James Restivo, a citizen and resident of South Carolina (hereinafter “Executive”), and Benefitfocus, Inc., a Delaware corporation, together with its subsidiaries and affiliates, including, without limitation, Benefitfocus.com, Inc., a South Carolina corporation (collectively, the “Company”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 9th, 2011 • Harvest Natural Resources, Inc. • Crude petroleum & natural gas • Texas

THIS SEPARATION AND RELEASE AGREEMENT (this “Agreement”) is made as of the 5th day of July, 2011, by and between Patrick R. Oenbring (the “Executive”) and Harvest Natural Resources, Inc. (the “Company”).

EX-10.1 2 d454351dex101.htm EX-10.1 EXECUTION VERSION SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 5th, 2020 • Pennsylvania

THIS SEPARATION AND RELEASE AGREEMENT (this “Release”) is made by and between ANTHONY M. ROMANO (“Employee”) and DESTINATION MATERNITY CORPORATION (the “Company”).

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 10th, 2012 • MModal Inc. • Services-computer processing & data preparation • New Jersey

This SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made as of March 21, 2012 by and between Mark R. Sullivan, a New Jersey resident ("Employee"), and MModal MQ Inc. (f/k/a MedQuist Inc.) (the "Company"), a New Jersey corporation, having its principal office at 9009 Carothers Parkway, Suite C-2, Franklin, TN 37067.

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