Severance and General Release Agreement Sample Contracts

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • January 27th, 2009 • Advanced Medical Optics Inc • Surgical & medical instruments & apparatus • California

This Severance and General Release Agreement (“Agreement”) is entered into by and between Advanced Medical Optics, Inc. (the “Company”) and Jane E. Rady (the “Employee”), collectively referred to as the “Parties”. This Agreement is effective on the date that the Employee signs and dates the Agreement (“Agreement Date”).

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Contract
Severance and General Release Agreement • May 5th, 2020

EX-10.1 2 ex101sburkeseverance.htm EXHIBIT 10.1 Exhibit 10.1 SEVERANCE AND GENERAL RELEASE AGREEMENT THIS SEVERANCE AND GENERAL RELEASE AGREEMENT ("Agreement") is entered into between Linear LLC (the "Company") and Sean Burke ("Employee") both the "Parties", effective as of the date set forth on the signature page (the "Date of this Agreement"). WHEREAS, Employee has been employed by Company and that employment has ended; WHEREAS, in his role as Group President, Technology Solutions, Employee was responsible for overseeing the operations of all of the businesses in Nortek, Inc.’s Technology Solutions Group, including: the Company; Core Brands, LLC; Gefen, LLC; GTO Access Systems, LLC; Magenta Research Ltd.; Operator Specialty Company, Inc.; and TV One Broadcast Sales Corporation (such businesses collectively, the "Technology Solutions Group Businesses"). WHEREAS, Company has determined to provide Employee with certain compensation in consideration of Employee’s service and the promises

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • April 7th, 2023 • Zura Bio LTD • Biological products, (no disgnostic substances) • California

This Confidential Severance and General Release Agreement (this “Agreement”) confirms the following understandings and agreements between Zura Bio Inc. (the “Company”) and Preston Klassen (“you” or “your”).

AMENDMENT TO SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • October 18th, 2012 • Augme Technologies, Inc. • Communications equipment, nec

This Amendment To Severance and General Release Agreement (“Amendment”) is made on the 15th day of October 2012 to the Severance and General Release Agreement dated September 20, 2012 by and among Augme Technologies, Inc. and Hipcricket, Inc. (“Augme” or “Hipcricket” or “Employer” or “the Company”) and Phillip C. Rapp, Jr. (“Employee”).

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • August 13th, 2010 • Heelys, Inc. • Footwear, (no rubber) • Texas

This Severance and General Release Agreement (“ Agreement ”) is made and entered into effective as of February 1, 2008 (the “ Effective Date ”) by and between the following Parties: (i) Heeling Sports Limited, a Texas limited partnership (the “ Company ”) and (ii) Michael G. Staffaroni (the “ Employee ”). The Company and the Employee are collectively referred to herein as the “ Parties .”

Severance and General Release Agreement By and Between Scott Galit and MetaBank Dated February 8, 2010
Severance and General Release Agreement • February 9th, 2010 • Meta Financial Group Inc • Savings institutions, not federally chartered • South Dakota

This Severance and General Release Agreement (“Agreement”) made this 8th day of February, 2010, by and between Scott Galit (“Employee”), an individual, and MetaBank (“Bank”), a corporation.

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • June 18th, 2008 • International Rectifier Corp /De/ • Semiconductors & related devices • California

This Severance and General Release Agreement (“Agreement”) is entered into by and between Marc Rougee (“Employee”) and International Rectifier Corporation (“Company”).

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • December 10th, 2007 • Steak & Shake Co • Retail-eating places • Indiana

This Severance and General Release Agreement ("Agreement") is entered into this 17th day of September, 2007, by and between The Steak n Shake Company and its subsidiaries or related companies (collectively, the "Company") and Gary Walker ("Employee").

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • September 6th, 2012 • Stillwater Mining Co /De/ • Miscellaneous metal ores • Montana

This Severance and General Release Agreement (hereinafter “Agreement") is made this 4th day of September, 2012, by and between John R. Stark ______ ("Employee") and Stillwater Mining Company, of 1321 Discovery Drive, Billings, Montana 59102 ("Employer"), (collectively "the Parties").

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • May 18th, 2006 • First Busey Corp /Nv/ • State commercial banks • Illinois

THIS AGREEMENT is made and entered into as of May 15, 2006, by and between BARBARA J. KUHL (hereinafter referred to as “Kuhl”) and FIRST BUSEY CORPORATION, a Nevada corporation (hereinafter referred to as the “Company”);

SEVERANCE AND GENERAL RELEASE AGREEMENT ("AGREEMENT")
Severance and General Release Agreement • January 15th, 2004 • Exfo Electro Optical Engineering Inc • Instruments for meas & testing of electricity & elec signals
SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • March 6th, 2009 • Youbet Com Inc • Services-miscellaneous amusement & recreation • California

This Severance and General Release Agreement (“Agreement”) is made and entered into by and between James A. Burk (“Employee”), an individual, and Youbet.com, Inc. (“Youbet”), upon the following terms and conditions:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • October 21st, 2016 • Univision Holdings, Inc. • Television broadcasting stations • New York

This Severance and General Release Agreement (“Agreement”), by and between Roberto Llamas (“Employee”), an individual, Univision Holdings, Inc., a Delaware corporation (the “Parent”), and Univision Communications Inc. (“Company”), is a severance agreement that includes a general release of claims. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Employment Agreement, dated as of October 1, 2013, by and between Company and Employee (the “Employment Agreement”).

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • October 10th, 2012 • Augme Technologies, Inc. • Communications equipment, nec • Washington

This Agreement (the “Agreement”) is entered into by and among Eric Harber (“Employee”), Augme Technologies, Inc. and Hipcricket, Inc. (collectively, “Augme,” or “Employer” or “the Company”) to describe the terms of Employee’s separation from employment with the Company. For the consideration described herein, Employee and the Company agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • November 25th, 2014 • Stillwater Mining Co /De/ • Miscellaneous metal ores • Montana

This Severance and General Release Agreement (hereinafter “Agreement”) is made this 13th day of October, 2014, by and between Terrell Ackerman of 5148 Hazelnut Avenue, Billings, Montana 59106 (“Employee”) and Stillwater Mining Company, of 1321 Discovery Drive, Billings, Montana 59102 (“Employer”), (collectively “the Parties”).

Re: Severance and General Release Agreement Dear Laura:
Severance and General Release Agreement • February 25th, 2020 • Gilead Sciences Inc • Biological products, (no disgnostic substances) • California

This Severance and General Release Agreement (this “Severance Agreement”), which provides for a Supplemental Release (together with the general release herein, the “Releases,” and this Severance Agreement and the Supplemental Release together shall be referred to as the “Agreement”) confirms your separation of employment with Gilead Sciences, Inc. (the “Company”), as well as the benefits the Company will provide to you in exchange for your consent to be bound by the terms of this Agreement and execution of the Releases under and in accordance with the terms of your letter agreement with the Company dated August 8, 2018 (the “Letter Agreement”), your equity award agreements with the Company (the “Award Agreements”), and the Gilead Sciences, Inc. Severance Plan (the “Plan”). If you agree to the terms of this Agreement, please sign the last page prior to the expiration date set forth below.

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • March 13th, 2006 • Youbet Com Inc • Services-miscellaneous amusement & recreation • California

This Severance and General Release Agreement (“Agreement”) is made and entered into by and between Charles Bearchell (“Employee”), an individual, and Youbet.com, Inc. (“Youbet”), upon the following terms and conditions:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • October 10th, 2006 • Allergan Inc • Pharmaceutical preparations • California

This Severance and General Release Agreement (“Agreement”) is entered into by and between Allergan, Inc. (the “Company”) and Roy J. Wilson (the “Employee”) (the Company and the Employee are collectively referred to herein as the “Parties”). This Agreement is entered into because Employee has determined to leave the Company to pursue other interests and the Company has determined to eliminate the Employee’s job position. This Agreement is effective on the date that the Employee signs and dates the Agreement (“Agreement Date”).

SEVERANCE AND GENERAL RELEASE AGREEMENT (“AGREEMENT”)
Severance and General Release Agreement • February 12th, 2009 • International Game Technology • Miscellaneous manufacturing industries

For good and valuable consideration, receipt of which is hereby acknowledged, and in order to resolve and settle finally, fully and completely all matters or disputes that now or may exist between them, as set forth below, the parties agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • May 3rd, 2021 • Meta Financial Group Inc • National commercial banks • Missouri

This Severance and General Release Agreement (“Agreement”) is by and between Sheree S. Thornsberry (“Employee”), an individual, and MetaBank, N.A. (“Bank” or “MetaBank”), a federally chartered bank.

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • March 24th, 2006 • Embrex Inc /Nc/ • Biological products, (no disgnostic substances) • North Carolina

This SEVERANCE AND GENERAL RELEASE AGREEMENT (the “Agreement”) is made and entered into by and between Brian Hrudka (“Hrudka”) and Embrex, Inc. (“Embrex” or the “Company”).

SEPARATION, SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • February 21st, 2023 • Paya Holdings Inc. • Services-business services, nec • Delaware

This Separation, Severance and General Release Agreement (this “Agreement”) is entered into as of the “Effective Date” (as defined below), by and among Michele Shepard (“Employee”), Paya, Inc., a Delaware corporation (“PI”) and Paya Holdings Inc. (the “Parent” and, together with PI, the “Company”). The Company and Employee are collectively referred to herein as the “Parties” or individually as a “Party.”

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SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • February 10th, 2009 • Heelys, Inc. • Footwear, (no rubber) • Texas

This Severance and General Release Agreement (“Agreement”) is made and entered into effective as of February 10, 2009 (the “Effective Date”) by and between Heeling Sports Limited, a Texas limited partnership (the “Company”) and Don Carroll (the “Employee”) (the Company and the Employee are collectively referred to herein as the “Parties”).

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • October 22nd, 2012 • Augme Technologies, Inc. • Communications equipment, nec • New York

This Agreement (the "Agreement") is entered into by and among Thomas DeLuca ("Employee") and Augme Technologies, Inc., Hipcricket, Inc., and Geos Communications IP Holdings., (“Augme” or “Hipcricket” or “Geos” or “Employer” or “the Company”) to describe the terms of Employee’s separation from employment with the Company. For the consideration described herein, Employee and the Company agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • September 21st, 2012 • Augme Technologies, Inc. • Communications equipment, nec • New York

This Agreement (the “Agreement”) is entered into by and among Phillip C. Rapp, Jr. (“Employee”) and Augme Technologies, Inc. and Hipcricket, Inc. (“Augme” or “Hipcricket” or “Employer” or “the Company”) to describe the terms of Employee’s separation from employment with the Company. For the consideration described herein, Employee and the Company agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • August 18th, 2009 • Resources Connection Inc • Services-business services, nec • New Jersey

In accordance with the terms and provisions of the Amended and Revised Employment Agreement (the “Employment Agreement”) made as of July 17, 2008, between Karen M. Ferguson (the “Executive”) and Resources Connection, Inc., (the “Company”) and in exchange and consideration of the covenants undertaken and releases contained in this Severance and General Release Agreement (“Agreement”), the Executive and the Company enter into this Agreement on this 17th day of August, 2009, and agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • March 4th, 2022 • Petros Pharmaceuticals, Inc. • Pharmaceutical preparations • New Jersey

This Severance and General Release Agreement (“Agreement”) is entered into by and between Andrew Gesek (“Employee”), on the one hand, and Petros Pharmaceuticals, Inc., its affiliates, subsidiaries, and successor entities (“Company”), on the other hand (jointly, the “Parties”).

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • November 6th, 2012 • Microvision Inc • Electronic components, nec • Washington

This Agreement (the "Agreement") is entered into by and among Jeff Wilson ("Employee") and MicroVision, Inc. ("MicroVision," "Employer" or "the Company") to describe the terms of Employee's separation from employment with the Company. For the consideration described herein, Employee and the Company agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • August 8th, 2019 • Resources Connection Inc • Services-business services, nec • California

In exchange for and consideration of the covenants undertaken and releases contained in this Severance and General Release Agreement (“Agreement”), Herb Mueller (“Executive”) and Resources Connection, LLC dba Resources Global Professionals (“RGP”), agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • February 4th, 2008 • Heelys, Inc. • Footwear, (no rubber) • Texas

This Severance and General Release Agreement (“Agreement”) is made and entered into effective as of February 1, 2008 (the “Effective Date”) by and between the following Parties: (i) Heeling Sports Limited, a Texas limited partnership (the “Company”) and (ii) Michael G. Staffaroni (the “Employee”). The Company and the Employee are collectively referred to herein as the “Parties.”

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • September 8th, 2017 • Meta Financial Group Inc • Savings institution, federally chartered • South Dakota

This Severance and General Release Agreement (“Agreement”) made this 30th day of August, 2017, by and between Cynthia Smith (“Employee”), an individual, and MetaBank (“Bank”), a corporation.

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • July 23rd, 2009 • Resources Connection Inc • Services-business services, nec • California

In accordance with the terms and provisions of the Employment Agreement (the “Employment Agreement”) made as of June 1, 2008, between Thomas D. Christopoul (the “Executive”) and Resources Connection, Inc., (the “Company”) and in exchange and consideration of the covenants undertaken and releases contained in this Severance and General Release Agreement (“Agreement”), the Executive and the Company enter into this Agreement on this 22nd day of July, 2009 (the “Separation Date”), and agree as follows:

SEVERANCE AND GENERAL RELEASE AGREEMENT Dear Linda:
Severance and General Release Agreement • April 21st, 2008 • International Rectifier Corp /De/ • Semiconductors & related devices • California

This Severance and General Release Agreement (the “Agreement”) is made and entered into by and between Linda J. Pahl (sometimes hereinafter referred to as “Employee”), on the one hand, and International Rectifier Corporation on behalf of itself and its divisions, facilities, subsidiaries and affiliated entities, successors and assigns, or any of its or their respective past or present officers, directors, trustees, shareholders, agents, employees, attorneys, insurers, representatives, and each of them (hereinafter the “Company”, “IR”, or “Releasees”), on the other hand.

SEPARATION, SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • November 17th, 2017 • Apollo Endosurgery, Inc. • Surgical & medical instruments & apparatus • Texas

This Separation, Severance and General Release Agreement ("the “Agreement") is between Dennis McWilliams (“Employee”) and Apollo Endosurgery, Inc. (the “Company”).

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