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AGREEMENT AND GENERAL RELEASE

Release Agreement

AGREEMENT AND GENERAL RELEASE | Document Parties: ALPHA INNOTECH CORP You are currently viewing:
This Release Agreement involves

ALPHA INNOTECH CORP

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Title: AGREEMENT AND GENERAL RELEASE
Date: 4/2/2007
Industry: Biotechnology and Drugs     Sector: Healthcare

AGREEMENT AND GENERAL RELEASE, Parties: alpha innotech corp
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Exhibit 10.4

AGREEMENT AND GENERAL RELEASE

 

For good and valuable consideration, rendered to resolve and settle finally, fully and completely all matters or disputes that now or may exist between them, the parties below enter this Agreement and General Release:

 

1.   Parties . The parties to this Agreement are Haseeb Chaudhry, his heirs, representatives, successors and assigns (hereinafter referred to collectively as “Mr. Chaudhry”) and Alpha Innotech Corp., and/or any of its successors, subsidiaries, affiliates, parties and related companies (hereinafter referred to collectively as “Alpha Innotech”).

 

2.   Release Of Claims By Mr. Chaudhry . In exchange for the promises contained in this Agreement and to the extent permitted by law, Mr. Chaudhry hereby waives, releases and forever discharges, and agrees that he will not in any manner institute, prosecute or pursue, any and all complaints, claims, charges, liabilities, claims for relief, demands, suits, actions or causes of action, whether in law or in equity, which he asserts or could assert, at common law or under any statute, rule, regulation, order or law, whether federal, state, or local, or on any grounds whatsoever, including but not limited to, any claims under Title VII of the 1964 Civil Rights Act, the Age Discrimination in Employment Act, the California Fair Employment and Housing Act, Government Code §12900 et   seq. , the California Labor Code, the Americans with Disabilities Act, the California Family Leave Act, and the Employee Retirement Income Security Act of 1974 against Alpha Innotech and any of its current or former owners, officials, directors, officers, shareholders, affiliates, agents, employee benefit plans, representatives, servants, employees, attorneys, subsidiaries, parents, divisions, branches, units, successors, predecessors, and assigns (collectively referred to as “Released Parties”) with respect to any event, matter, claim, damage or injury arising out of Mr. Chaudhry’s employment relationship with Alpha Innotech, and the termination of such employment relationship, and with respect to any other claim, matter, or event related to Mr. Chaudhry’s employment at Alpha Innotech Corporation.

 

3.   Civil Code § 1542 Waiver. As a further consideration and inducement for this Agreement, Mr. Chaudhry hereby waives any and all rights under Section 1542 of the California Civil Code or any similar state, local, or federal law, statute, rule, order or regulation he may have with respect to Alpha Innotech and any of the Released Parties.

 

Section 1542 provides:

 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY

 

 


 

HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

 

Mr. Chaudhry expressly agrees that this Agreement shall extend and apply to all unknown, unsuspected and unanticipated injuries and damages as well as those that are now disclosed.

 

4.   Outstanding Claims . As further consideration and inducement for this Agreement, Mr. Chaudhry represents that he has not filed or otherwise pursued any charges, complaints or claims of any nature which are in any way pending against Alpha Innotech or any of the Released Parties, with any local, state or federal government agency or court with respect to any matter covered by this Agreement and, to the extent permitted by law, he will not do so in the future. If any government agency or court assumes jurisdiction of any charge, complaint, cause of action or claim covered by this Agreement against Alpha Innotech or any of the Released Parties, on behalf of


 
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