Kohl's 2008 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2008 Kohl's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 81

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81

Except as otherwise provided in this Agreement, all other Executive benefits shall cease as of the Termination Date. Executive
shall not be entitled to any benefits or payments other than those described in this Agreement, regardless of anything to the
contrary that had been provided in the Employment Agreement.
3. EXECUTIVE’S OBLIGATIONS.
4
A. Waiver and General Release by Executive. In exchange for the benefits and payments to Executive described in this
Agreement and to the extent permitted by law, Executive hereby waives and irrevocably and unconditionally releases,
acquits, and fully and forever discharges Company, its related corporations and other businesses and each of their past,
current and future agents, servants, officers, directors, stockholders, Executives, and attorneys and their respective
successors and assigns (the “Released Parties”) from and against any and all claims, liabilities, debts, suits, demands,
causes of action or controversies of any nature whatsoever, for all injuries, losses and damages (including, but not limited
to, punitive damages) whether in law or in equity, contract or tort or whether judicial or administrative in nature, which
arose prior to the time Executive signs this Agreement. This release covers claims, whether brought by or on behalf of
Executive and whether asserted or unasserted, whether known or unknown or anticipated or unanticipated by Executive.
Executive further covenants and agrees not to sue Company for any claims referred to in this paragraph. This release
includes, but is not necessarily limited to:
1. Any and all liability of Company resulting from, arising out of, or connected with the employment relationship
existing between Executive and Company or the termination of that relationship, including, but not necessarily
limited to, any and all liability based on non-vested salary, or any other form of compensation or any and all liability
related to the termination of the Employment Agreement.
2. To the extent any of the following statutes are applicable to Company, any and all liability of Company based on
rights or claims arising under Title