MUTUAL GENERAL RELEASERelease Agreement |
|
|
|
You are currently viewing: This Release Agreement involves
NORD RESOURCES CORP | NICHOLAS TINTOR | John Cook. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
|
|
|
BETWEEN:
NORD
RESOURCES CORPORATION
1 Wetmore Road, Suite 203,
Tucson, Arizona
(“NORD”)
AND:
NICHOLAS
TINTOR
1466 Crescent Road,
Mississauga, Ontario
(“TINTOR”)
WHEREAS NORD and TINTOR have agreed to a full
and final settlement of any and all differences between them upon the terms,
covenants and conditions contained in the attached Settlement Agreement dated
September 29, 2006 and marked Appendix “A” to this Mutual General
Release.
NOW THEREFORE, in consideration of the terms,
covenants and conditions set out below, and for the other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
1.
TINTOR does hereby remise, release and forever discharge NORD, its related companies,
officers, directors, servants, employees and agents, and their heirs,
executors, administrators, successors and assigns (the "First
Releasees") or any of them, of and from any and all matter of actions,
causes of action, suits, contracts, claims and damages (whether known or
unknown), including but not limited to salary, non-salary benefits, vacation
pay, interest,
bonus, commissions, stock options or
incentives, costs and expenses of any nature or kind whatsoever, whether in law
or in equity, including, but not limited to, any and all claims under statute,
whether arising anywhere, including but not limited to British Columbia,
Canada, Ontario, Canada and Arizona, United States of America under any
statutory regulations, including but not limited to employment standards
legislation, human rights legislation or securities legislation, which as
against NORD, the First Releasees or any of them, TINTOR ever had, now has, or
at any time hereafter can, shall or may have, by reason of or arising out of
any cause, matter or thing whatsoever and, without limiting the generality of
the foregoing, by reason of or arising out of his employment as President and
Chief Executive Officer of NORD or its termination thereof or by reason of or
arising out of TINTOR’s position as a member of the Board of Directors of
NORD.
2.
NORD does hereby remise, release and forever discharge TINTOR, his agents,
servants, heirs, executors, administrators, successors and assigns (the
"Second Releasees") or any of them, of and from any and all matter of
actions, causes of action, suits, contracts, claims, damages, costs and
expenses of any nature or kind whatsoever, whether in law or in equity (whether
known or unknown), including but not limited to any and all claims under
statute, whether arising anywhere including but not limited to British
Columbia, Canada, Ontario, Canada and Arizona, United States which as against
TINTOR, the Second Releasees or any of them, NORD ever had, now has, or at any
time hereafter can, shall or may have, by reason of or arising out of any
cause, matter or thing whatsoever without limiting the generality of the
foregoing, by reason of or arising out of TINTOR’s employment with NORD
or its termination or by reason of or arising out of TINTOR’s position as
a member of the Board of Directors of
NORD.
3.
TINTOR shall not make any further claims or take any proceedings whatsoever
against NORD, the First Releasees or any of them, or against any other person,
company, corporation or other legal entity who might claim contribution or
indemnity from NORD, the
First Releasees or any of them, in respect of
matters which are the subject matter of the Settlement Agreement or this Mutual
General Release.
4.
NORD shall not make any further claims or take any proceedings whatsoever
against TINTOR, the Second Releasees or any of them, or against any other
person, company, corporation or other legal entity who might claim contribution
or indemnity from TINTOR, the Second Releasees or any of them, in respect of
matters which are the subject matter of the Settlement Agreement or this Mutual
General
Release.
5.
It is understood and agreed that the Settlement Agreement represents a
compromise of disputed claims, and that nothing contained in this Mutual
General Release or the Settlement Agreement should be construed or considered
as an admission of liability or wrongdoing on the part of TINTOR, NORD, the
First Releasees, the Second Releasees or any of them which liability is
specifically
denied.
6. It is further expressly understood and agreed and the parties acknowledge that the facts in respect of which the Settlement Agreement and this Mutual General Release of all claims is made may prove to be other than or different from the facts now known by any of the parties or any one or more of them or believed by any of them to be true. The parties expressly accept and assume the risk of the facts being different and agr







