EXHIBIT 10.1
SEPARATION AGREEMENT AND
GENERAL RELEASE
In
consideration for my signing of this Separation Agreement and
General Release (“Agreement”) and agreement to abide by
its terms, Innodata Isogen, Inc. (“Innodata Isogen”)
agrees to provide me with:
(a) Continuation of my employment through June
30, 2009 per the terms of the employment agreement attached to this
Agreement as Exhibit A.
(b) If I elect to continue medical
and dental coverage under Innodata Isogen’s health insurance
plan in accordance with the continuation requirements of COBRA,
Innodata Isogen shall pay for the cost of said coverage beginning
on the last day of employment and ending on December 31,
2009. Thereafter, I shall be entitled to elect to
continue such COBRA coverage for the remainder of the COBRA period,
at my own expense.
I understand and agree that I would not receive
such consideration except for my execution of this Agreement and my
fulfillment of the promises contained in this document that apply
to me.
I acknowledge this Agreement is invalid if
signed before April 27, 2009, the date of my resignation as
Executive Vice President and Chief Financial Officer of Innodata
Isogen. A copy of my resignation letter is attached to this
Agreement as Exhibit B.
I knowingly and voluntarily release and forever
discharge, to the full extent permitted by law, Innodata
Isogen, its affiliates, subsidiaries, divisions, successors and
assigns, and their current and former partners, affiliates, owners,
agents, officers, directors, employees, successors and assigns,
individually and in their corporate capacities and Innodata
Isogen’s attorneys, insurers, employee benefit plans,
programs and arrangements and their administrators, functionaries
and fiduciaries (collectively referred to throughout the remainder
of this Agreement as “Releasees”), of and from any and
all claims, known or unknown, asserted and unasserted, that I, my
heirs, executors, administrators, successors and assigns, have or
may have against Releasees as of the date of my execution of this
Agreement, including but not limited to, arising out of or related
to my employment or the cessation of my employment with Innodata
Isogen, including, but not limited to, any alleged violation of:
Title VII of the Civil Rights Act of 1964; The Civil Rights Act of
1991; Sections 1981 through 1988 of Title 42 of the United States
Code; The Employee Retirement Income Security Act of 1974
(“ERISA”) (except for any vested benefits under any tax
qualified benefit plan); The Immigration Reform and Control Act;
The Americans with Disabilities Act of 1990; The Age Discrimination
in Employment Act of 1967 (“ADEA”); The Workers
Adjustment and Retraining Notification Act; The Occupational Safety
and Health Act; The Fair Credit Reporting Act; Sarbanes-Oxley Act
of 2002; New Jersey Law Against Discrimination; New Jersey
Statutory Provision Regarding Retaliation/Discrimination for Filing
a Workers’ Compensation Claim; New Jersey Family Leave
Act; New Jersey Equal Pay Act; New Jersey
Conscientious Employee Protection Act (Whistleblower Protection);
The New Jersey Wage Payment and Work Hour Laws; The New
Jersey Public Employees’ Occupational Safety and Health
Act; New Jersey Fair Credit Reporting
Act; New Jersey laws regarding Political Activities of
Employees, Lie Detector Tests, Jury Duty, Employment Protection,
and Discrimination; any claim for costs, fees, or other expenses
including attorneys’ fees incurred in these matters; any
other federal, state, local or other civil or human rights law; or
any other regulation or ordinance, and/or public policy, contract,
tort or common law; provided , however , that nothing
herein shall release Innodata Isogen from its obligations to
provide the payments and benefits set forth on Exhibits A hereto,
any of my rights to indemnification or coverage under Innodata
Isogen’s officers’ and directors’ liability
insurance and as provided in the Innodata Isogen by-laws, which
shall continue to apply to me as in effect on the date hereof
solely in accordance with their terms and with respect to actions
taken by me while an officer of Innodata Isogen (collectively, the
“Indemnification Rights”) or any of my vested benefits
under any tax-qualified retirement plans (the “Retirement
Plans”), the health insurance benefits, vacation, and other
accrued benefits in accordance with the Innodata Isogen
“Personnel Handbook for U.S.-Based Employees (the
“Accrued Benefits”), and the 2001 Stock Option Plan of
Innodata Isogen (the “Stock Plan”) in which I
participate. Moreover, although I retain the right to
file a charge of discrimination, I will not be entitled to receive
any relief, recovery or monies in connection with any complaint,
charge or legal proceeding brought against Releasees, including
attorneys’ fees, without regard to the party or parties who
have instituted any such complaint, charge or legal proceeding, to
the extent permitted by law.
I agree to
return to Innodata Isogen or destroy all Innodata Isogen
confidential information, and to return to Innodata Isogen all
Innodata Isogen property on or before the last day of my
employment, or earlier upon written request. Innodata Isogen will
have no obligation to provide any consideration hereunder unless I
return or destroy all such confidential information and Innodata
Isogen property to Innodata Isogen as requested.
I agree not to
defame, disparage, or demean Innodata Isogen, its affiliates,
subsidiaries and their respective current and former officers and
directors, in any manner whatsoever, provided that nothing
contained herein shall prevent me from providing truthful
information about Innodata Isogen in connection with any legal
proceeding or to the extent compelled to do so by law or in
connection with seeking new employment, subject to my on-going
obligations under the Confidentiality Agreement (defined below)
and Innodata Isogen, on behalf of itself and its
officers and directors, agrees not to defame, disparage, or demean
me, provided that nothing contained herein shall prevent
Innodata Isogen, its officers and directors from providing truthful
information about me in connection with any leg
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