Common use of Shareholders’ Release Clause in Contracts

Shareholders’ Release. Effective as of the Closing (but without limitation of claims arising from circumstances first existing and events first occurring from and after the Closing), each Shareholder hereby releases, remises and forever discharges any and all rights and claims that it has had, now has or might now have against the Company or its Subsidiary, except for (i) rights and claims arising from or in connection with this Agreement, (ii) ordinary compensation, expense reimbursement and health and dental plan reimbursements in the Ordinary Course of Business for the payroll period that includes the Closing Date, and (iii) in the case of ▇▇▇▇▇, COBRA rights.