|SPECTRUM BRANDS HOLDINGS, INC. filed this Form 8-K on 07/13/2018|
3. Release and Waiver of Claims by Employee
THIS PARAGRAPH PROVIDES A COMPLETE RELEASE AND WAIVER OF ALL EXISTING AND POTENTIAL CLAIMS EMPLOYEE MAY HAVE AGAINST EVERY PERSON AND ENTITY INCLUDED WITHIN THE DESCRIPTION BELOW OF RELEASEE. BEFORE EMPLOYEE SIGNS THIS RELEASE, EMPLOYEE MUST READ THIS PARAGRAPH 3 CAREFULLY, AND MAKE SURE THAT EMPLOYEE UNDERSTANDS IT FULLY.
(a) In consideration of Employees receipt and acceptance of the consideration contained in this Agreement from and/or on behalf of Releasees, Employee, on Employees own behalf and on behalf of Employees heirs, executors, administrators, successors and assigns, (collectively, Releasor) hereby irrevocably, unconditionally and generally releases:
(i) the Company;
(ii) the Companys parents, and direct and indirect affiliates, subsidiaries, divisions, and other related entities (Affiliates),
(iii) all entities managed by the Company and its Affiliates (Designated Entities) (collectively, the Company, its Affiliates and Designated Entities are referred to as the HRG Entities); and
(iv) the current and former shareholders, directors, officers, partners, members, agents, attorneys and employees, of the HRG Entities (Affiliated Persons) (the persons described in Paragraphs 3(a)(i)-(iv) are collectively referred to as Releasees, and each, as Releasee)
from or in connection with, and Releasor hereby waives and/or settles, with prejudice, any and all actions, causes of action, suits, debts, dues, sums of money, accounts, controversies, agreements, promises, damages, judgments, executions, or any liability, claims or demands, known or unknown and of any nature whatsoever and which Releasor ever had, now has or hereafter can, shall or may have as of the Effective Date of this Agreement, including, without limitation, arising directly or indirectly pursuant to or out of any aspect of Employees employment with the Company or any relationship with any other Releasee, the payment or nonpayment of any compensation by any of the HRG Entities, the performance of services for the Company or any Releasee or the termination of such employment or services.
(b) Specifically, without limitation, this release shall include and apply to any rights and/or claims
(i) arising under any contract or employment arrangement between Employee and the Company, express or implied, written or oral, including without limitation the Employment Agreement, the Retention Agreement and any bonus agreement and any severance or separation pay whether pursuant to the HRG Group, Inc. Severance Plan or otherwise, except as set forth in Section 3 of this Agreement;