Termination Agreement and General Release Sample Contracts

Standard Contracts

RECITALS
Termination Agreement and General Release • March 22nd, 2006 • Brainstorm Cell Therapeutics Inc • Biological products, (no disgnostic substances) • Tel-Aviv
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TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • June 22nd, 2007 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations

James L. Fares, on behalf of himself and his heirs, successors, and assigns (the “Executive”) and Questcor Pharmaceuticals, Inc. (the “Company”) hereby agree to the following terms and conditions related to the recent termination of Executive’s employment with the Company.

RECITALS:
Termination Agreement and General Release • April 18th, 2001 • United Leisure Corp • Lessors of real property, nec
TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • December 18th, 2008 • Champion Enterprises Inc • Mobile homes • Michigan

This Termination Agreement and General Release (the “Release Agreement”) is made and entered into as of December 17, 2008, by Jeffrey L. Nugent (“Employee”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • March 30th, 2012 • Health Enhancement Products Inc • Food and kindred products

This Termination Agreement and General Release is between the undersigned Oxford Holdings, LLC (“Oxford”), The Venture Group, LLC (“VG”) and Health Enhancement Products, Inc., a Nevada corporation (the “Company”) and is dated as of this 26th day of January, 2012.

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • October 23rd, 2003 • Champion Enterprises Inc • Mobile homes • Michigan

This Termination Agreement and General Release (the “Agreement”) is made and entered into as of July 31, 2003 by and between Champion Enterprises, Inc., a Michigan corporation whose address is 2701 Cambridge Court, Suite 300, Auburn Hills, Michigan, 48326, and its subsidiaries, affiliates, and related entities, and any divisions thereof (together, the “Employer”) and Philip C. Surles (the “Employee”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • August 14th, 2003 • Westmoreland Coal Co • Bituminous coal & lignite mining • Colorado

This Termination Agreement and General Release (“Agreement”) is made and entered into by and among Robert J. Jaeger (hereinafter referred to as “Mr. Jaeger”) and Westmoreland Coal Company (hereinafter referred to as “Westmoreland”).

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • November 6th, 2001 • E Trade Group Inc • Security brokers, dealers & flotation companies • New York

This TERMINATION AGREEMENT AND GENERAL RELEASE (hereinafter, the “Termination Agreement”) is hereby entered into as of the 20th day of August 2001, by and between SoundView Technology Group, Inc., a Delaware corporation formerly known as Wit SoundView Group, Inc. and as Wit Capital Group, Inc. (“Wit SoundView”), and E*TRADE Group Inc., a Delaware corporation (“E*TRADE”). Wit SoundView and E*TRADE are referred to herein as the “Parties,” and each of them individually as a “Party.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • January 24th, 2013 • Discount Dental Materials, Inc. • Wholesale-medical, dental & hospital equipment & supplies • Texas

This Termination Agreement and General Release (the “Agreement”) is made effective as of the 18th day of January, 2013 (the “Effective Date”), by and between Discount Dental Materials, Inc., a Nevada corporation (“DDOO”) on one hand, and Eric Clemons, an individual (“Clemons”), on the other hand. DDOO and Clemons are each referred to herein as a “Party” and collectively as the “Parties.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • January 24th, 2013 • Discount Dental Materials, Inc. • Wholesale-medical, dental & hospital equipment & supplies • Texas

This Termination Agreement and General Release (the “Agreement”) is made effective as of the 18th day of January, 2013 (the “Effective Date”), by and between Discount Dental Materials, Inc., a Nevada corporation (“DDOO”) on one hand, and Paul Sandhu, an individual (“Sandhu”), on the other hand. DDOO and Sandhu are each referred to herein as a “Party” and collectively as the “Parties.”

Termination and General Release
Termination Agreement and General Release • May 12th, 2006 • Artes Medical Inc • California

This Termination Agreement and General Release (this “Agreement”) is made and given by Gottfried Lemperle, M.D. (the “Professor Lemperle”) and Artes Medical, Inc. (the “Company”), effective as of May 11, 2006 (the “Effective Date”), and inures to the benefit of each of the Company’s current, former and future parents, subsidiaries, related entities, employee benefit plans and each of their respective fiduciaries, predecessors, successors, officers, directors, stockholders, attorneys, agents, employees and assigns.

Contract
Termination Agreement and General Release • March 20th, 2002 • Hubbell Inc • Electric lighting & wiring equipment • Connecticut

THIS IS AN IMPORTANT LEGAL DOCUMENT. BY SIGNING IT, YOU GIVE UP YOUR RIGHT TO SUE HUBBELL INCORPORATED. YOU SHOULD THOROUGHLY REVIEW AND UNDERSTAND THE EFFECT OF THIS RELEASE BEFORE ACTING ON IT. IF YOU DO NOT UNDERSTAND IT, DO NOT SIGN IT. THE COMPANY URGES YOU TO SEE A LAWYER BEFORE YOU SIGN THIS AGREEMENT.

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • April 20th, 2006 • Silicon Graphics Inc • Electronic computers

You have voluntarily elected to accept, and Silicon Graphics, Inc. (the “Company”) has agreed to pay you, a Severance Benefit under the Silicon Graphics, Inc. Vice President Severance Benefits Plan (the “Plan”). Capitalized terms not otherwise defined in this Release will have the meanings given to them in the Plan. In consideration of that payment by the Company, you acknowledge and agree to the following:

CONFIDENTIAL
Termination Agreement and General Release • March 23rd, 1998 • Advanced Fibre Communications Inc • Telephone & telegraph apparatus
RECITALS
Termination Agreement and General Release • April 15th, 2002 • Truserv Corp • Wholesale-lumber, plywood, millwork & wood panels • Illinois
TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • January 24th, 2013 • Discount Dental Materials, Inc. • Wholesale-medical, dental & hospital equipment & supplies • Texas

This Termination Agreement and General Release (the “Agreement”) is made effective as of the 18th day of January, 2013 (the “Effective Date”), by and between Discount Dental Materials, Inc., a Nevada corporation (“DDOO”) on one hand, and Gerald A. DeCiccio, an individual (“DeCiccio”), on the other hand. DDOO and DeCiccio are each referred to herein as a “Party” and collectively as the “Parties.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • February 1st, 2023 • Faraday Future Intelligent Electric Inc. • Motor vehicles & passenger car bodies • California

This Termination Agreement and General Release (“Termination Agreement”) is entered into by and among Carsten Breitfeld (“Employee”), Faraday Future Intelligent Electric Inc. (the “Company”) and Faraday&Future Inc., a wholly-owned subsidiary of the Company and the employer of Employee (“Faraday Future”), as of January 30, 2023 (the “Effective Date”).

TERMINATION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS
Termination Agreement and General Release • August 4th, 2004 • Quantum Corp /De/ • Computer storage devices

This Termination Agreement and General Release (the "Agreement") is made by and between Quantum Corporation, a Delaware corporation (“Quantum”), and Michael J. Lambert (Quantum employee # 18356), collectively, (the “Parties”).

RECITALS
Termination Agreement and General Release • August 29th, 2001 • Soundview Technology Group Inc • Security brokers, dealers & flotation companies • New York
THOMAS M. BEGEL TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • August 11th, 2004 • Transportation Technologies Industries Inc • Motor vehicle parts & accessories • Delaware

This Termination Agreement and General Release (this “Agreement”) is made by and between Thomas M. Begel (“Executive”) and Transportation Technologies Industries, Inc., a Delaware corporation (the “Company”), as of August 2, 2004 (the “Effective Date”). Executive and the Company may be referred to collectively herein as the “Parties.”

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • November 3rd, 2016 • NewStar Financial, Inc. • Finance lessors • Massachusetts

This Termination Agreement and General Release (“Agreement”) is made by and between NewStar Financial, Inc., on behalf of itself and all of its predecessors, successors and affiliated entities (collectively, “NewStar” or the “Company”), and Peter A. Schmidt-Fellner, on behalf of himself, his executors, heirs, administrators, agents, attorneys, administrators, beneficiaries and assigns (collectively, “Schmidt-Fellner”). In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, NewStar and Schmidt-Fellner agree as follows:

TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 14th, 2002 • Axsys Technologies Inc • Optical instruments & lenses • Connecticut

This Termination Agreement and General Release (“Agreement”) is entered into by and between Axsys Technologies, Inc. a Delaware corporation (“Axsys”), and John Hanley, an individual residing at 34 Joel Drive, Hebron, CT 06238 (“Employee”), as of January 10, 2002, for the purpose of amicably concluding their employment relationship.

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