Agreement to terminate Contractual Relationships

 
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This Agreement is made on the............... day of............................., by and between "X", and "Y"

  1. The parties entered into a contractual relationship dated............................., whereby "X" employed "Y" to.................................. (the "Plans") for the promotion of five separate annual events collectively referred to as "......................." That the term of the Agreement dated............................., was for a period of three years; and that term was extended to........................, under the self-renewal language of paragraph 10 of the Agreement dated............................., as extended.

  2. The parties entered into a contractual relationship dated........................, whereby "X" employed "Y" to develop school day events in conjunction with the....................................... That the term of the...................... agreement was for a period of two years, through........................, as set forth in paragraph 10 of the...................... agreement, dated.........................

  3. "X" desires to terminate its contractual relationships with "Y" established by the Agreement dated............................., as extended, the...................... agreement dated........................, and the........................................... Agreement dated.........................

  4. During its business relationship with "Y", "X" worked with Mr. "S", the Director of Marketing Services for "Y". Herein after, Mr. "S" will be known as "S". "S" is no longer an employee of "Y". "X" desires the opportunity to discuss and/or negotiate an employment relationship with "S". "S" has certain contractual obligations to "Y" in conjunction with certain restrictive covenants established by the employment agreement between "Y" and "S", dated.............................,, as amended and extended through.............................,............................., and..............................

  5. "X" agrees to pay to "Y", and "Y" agrees to accept from "X" certain specific monetary consideration, the sufficiency of which is hereby acknowledged by "Y", as compensation for the termination of the Agreement dated............................., as extended, the...................... agreement dated........................, and the................................ Agreement dated........................, and as compensation for the consent of "Y" to suspend certain restrictive covenants regarding an...

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