Common use of Employee's Claims Not Released Clause in Contracts

Employee's Claims Not Released. Notwithstanding anything in this -------------------------------- Release to the contrary, Employee does not release any right or claim (i) that is nonwaivable as a matter of law; (ii) for unemployment compensation; (iii) to enforce any rights or to obtain any benefits under Section 4980B of the Internal Revenue Code of 1986, as amended; (iv) under applicable workers' compensation law; (v) to enforce, or seek relief as a result of an alleged breach of the Agreement; (vi) to indemnification from or by the Company or any of the Released Parties in favor of Employee or for the benefit of Employee for his acts or omissions while an officer or director of the Company, whether statutory, contractual or otherwise, including, without limitation, as set forth in the corporate by-laws or charter; (vii) to coverage under any insurance policy maintained by the Company or the Released Parties covering acts or omissions of the officers and directors of the Company or the Released Parties; or (viii) arising solely from Employee's status as a shareholder of the Company or the Released Parties.

Appears in 2 contracts

Sources: Release Agreement (Luxtec Corp /Ma/), Release Agreement (Luxtec Corp /Ma/)