Release and Severance Agreement definition

Release and Severance Agreement means that agreement signed by and between an Employee who is eligible to participate in the Plan and the Employee’s Participating Employer under which the Employee releases all known and potential claims against the Employee’s Participating Employer and all of such employer’s parents, subsidiaries, and affiliates and a Covenant Not to Sue. The Release and Severance Agreement also includes certain post-employment restrictive covenants including non-competition, non-solicitation, confidentiality, and, employee non-hire/non-solicitation.
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Examples of Release and Severance Agreement in a sentence

  • Release and Severance Agreement, dated as of March 6, 2006, by and between Trex Company, Inc.

  • By: /s/ George Bee George Bee, Chief Executive Officer Exhibit 10.1 GENERAL RELEASE AND SEVERANCE AGREEMENT This General Release and Severance Agreement (the “Agreement”), dated as of March 19, 2021, is made and entered into by and between Edward Karr (“Employee”) and U.S. Gold Corp.

  • As the final fate of the examined products is not included in the assessment when following a cradle-to-gate approach, the results of the feedstock energy dominated categories CED total and the CED renewable may deliver misleading information.

  • Wittenschlaeger Chief Executive Officer Exhibit 10.1 GENERAL RELEASE AND SEVERANCE AGREEMENT This General Release and Severance Agreement (the “Agreement”), dated as of January 11, 2022, is made and entered into by and between Curtis Smith (“Employee”) and AYRO, Inc.

  • In accordance with a Mutual General Release and Severance Agreement in May 2004, the Company paid the Company’s former Chief Financial Officer, $150,000 and 18 months of related benefits, and immediately vested options to purchase 105,000 shares of its common stock that were granted upon the commencement of his employment.14.

  • In accordance with a Mutual General Release and Severance Agreement in May 2004, the Company agreed to pay the Company’s former General Counsel, approximately $87,500 and 12 months of related benefits, and agreed to immediately vest options to purchase 87,500 shares of its common stock that were granted upon the commencement of his employment.

  • Severance Payments to Officers$ — In accordance with a Mutual General Release and Severance Agreement in May 2004, the Company paid the Company’s former General Counsel, $52,000 and 12 months of related benefits, and immediately vested options to purchase 87,500 shares of its common stock that were granted upon the commencement of his employment.

  • Whitaker (73) 10.58± General Release and Severance Agreement, dated as of September 11, 2019, by and between Staffing 360 Solutions, Inc.

  • General Release and Severance Agreement, dated as of September 11, 2019, by and between Staffing 360 Solutions, Inc.

  • Following his termination, Goodacre signed a Release and Severance Agreement, whichstated:In exchange for a payment to Employee by CNSI in the amount of$2,744.00, Employee hereby fully, forever, irrevocably and unconditionally releases, remises and discharges CNSI .

Related to Release and Severance Agreement

  • Severance Agreement means the Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Employment Agreement means each management, employment, severance, consulting, relocation, repatriation, expatriation, visas, work permit or other agreement, or contract between the Company or any Affiliate and any Employee.

  • General Release has the meaning stated in Section 6.03.

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.

  • Conditional release means a revocable modification of a

  • Separation Agreement has the meaning set forth in the recitals to this Agreement.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • Retention Agreements has the meaning set forth in Section 5.11(e).

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Indemnification Agreement shall have the meaning set forth in Article XVII.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Letter Agreement has the meaning set forth in the Recitals.

  • Employment Agreements shall have the meaning provided in Section 5.05.

  • Non-Exempt Severance Arrangement means a severance arrangement or other agreement between the Participant and the Company that provides for acceleration of vesting of an Award and issuance of the shares in respect of such Award upon the Participant’s termination of employment or separation from service (as such term is defined in Section 409A(a)(2)(A)(i) of the Code (and without regard to any alternative definition thereunder) (“Separation from Service”) and such severance benefit does not satisfy the requirements for an exemption from application of Section 409A provided under Treasury Regulations Section 1.409A-1(b)(4), 1.409A-1(b)(9) or otherwise.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Consulting Agreements means the consulting agreements to be entered into between the Purchaser (or an Affiliate thereof) and each of Xxxx X. Xxxxxx and Xxxx Xxxxxxxx Xxxxxxx, in a form acceptable to the Parties, acting reasonably;

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.