Release Definition Example

Release. For purposes of this Agreement, 'Release' is defined as a release of claims in a form substantially equivalent to that traditionally used by the Company in the ordinary course in connection with separating employees; provided, however, that notwithstanding the foregoing, such Release is not intended to and will not waive Employee's rights: (i) to indemnification pursuant to any applicable provision of the Company's Bylaws or Certificate of Incorporation, as amended, pursuant to any written... indemnification agreement between Employee and the Company, or pursuant to applicable law; (ii) to vested benefits or payments specifically to be provided to Employee under this Agreement or any Company employee benefit plans or policies; (iii) respecting any claims which Employee may have solely by virtue of Employee's status as a shareholder of the Company; or (iv) respecting any claims by Employee for defamation, libel or slander. View More