7.2.2.a: Separation and Release Agreement

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Abstract

(Template for use with discharges of individual employees of the Company) [conform for gender] This Separation and Release Agreement (the "Agreement") is entered into by and between Jane Jones (the "Employee") and Newco, Inc. (the "Company"), effective as of June 1, 2005. WHEREAS, the Employee has been employed by the Company and his employment with the Company terminates as set forth below; andWHEREAS, the Company wishes to offer and the Employee wishes to accept a severance payment subject to the terms and