Common use of Shareholders’ Release Clause in Contracts

Shareholders’ Release. Shareholder shall have delivered to NEI an instrument dated the Closing Date releasing the Company and NEI from: (a) any and all claims of Shareholder against the Company and NEI; and (b) obligations of the Company and NEI to Shareholder, except for: (i) continuing obligations to Shareholder relating to his employment; and (ii) obligations arising under this Agreement or the transactions contemplated hereby.

Shareholders’ Release. Shareholder The Shareholders shall have delivered to NEI an instrument dated the Closing Merger Date releasing the Company and NEI from: (a) any and all claims of Shareholder the Shareholders against the Company and NEI; and (b) obligations of the Company and NEI to Shareholderthe Shareholders, except for: (i) continuing obligations to Shareholder any Shareholders relating to his their employment; and (ii) obligations arising under this Agreement or the transactions contemplated hereby.

Shareholders’ Release. Shareholder The Shareholders shall have delivered to NEI an instrument dated the Closing Date releasing the Company, the Operating Company and NEI from: (a) any and all claims of Shareholder the Shareholders against the Company, the Operating Company and NEINEI arising prior to the Closing Date; and (b) obligations of the Company, the Operating Company and NEI to Shareholderthe Shareholders arising prior to the Closing Date, except for: (i) continuing obligations to Shareholder any Shareholders relating to his employmenttheir employment by the Operating Company; and (ii) obligations arising under this Agreement or the transactions contemplated hereby.