Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 12/21/1995
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employee stock option plan or any other benefit plan; expenses; past or future 
loss of support, care, guidance, companionship, society, love, affection, 
household services, advice and counsel, pain and suffering, mental anguish, wage
earning capacity; past and future medical expenses; punitive or exemplary 
damages; multiplication of compensatory damages under any theory whatsoever; 
front-pay; back-pay; and any other type of monetary relief whatsoever cognizable
under any law.

  "Jackson/Trust and their Affiliates" means Jackson and the Trust, for and on 
behalf of themselves, their predecessors and successors and all related or 
affiliated legal or business entities, and all present and former trustees, 
beneficiaries, agents, insurers, attorneys and representatives. For purposes of 
this Release, Robert H. Parks, Jr., and James C. Jewett are not included within 
this definition.

  "Zapata/Cimarron and their Affiliates" means Zapata and Cimarron, for and on 
behalf of themselves, their subsidiary corporations, divisions, predecessors and
successors, all related or affiliated legal or business entities, and all 
present and former stockholders, officers, directors, agents, employees, 
insurers, attorneys and representatives.

2. Releases.

  a. Releases by Jackson/Trust and Their Affiliates. Jackson and Trust, for and 
on behalf of Jackson/Trust and their Affiliates, in order to avoid litigation 
and its attendant costs and expenses and in consideration of the covenants of 
Zapata and Cimarron in Section 2(b) hereof, and for the payment to Jackson of 
$306,534.80 which will be paid on the first business day after January 1, 1996 
(the "Payment Date") to Jackson by Zapata or Cimarron, and for other good and 
valuable consideration, receipt of which is hereby acknowledged, received from 
Zapata/Cimarron and their Affiliates, hereby release, acquit and forever 
discharge Zapata/Cimarron and their Affiliates of and from all Claims and/or 
Damages which Jackson/Trust and their Affiliates ever had, now have, or 
hereafter can, shall or may have which have arisen or may arise out of actions 
or circumstances which occurred prior to the date of this Release, against 
Zapata/Cimarron and their Affiliates of any nature whatsoever, including without
limitation, any Claims and/or Damages which are in any way directly or 
indirectly on account of, relating to or arising out of, either prior to or 
after the date of this Release: (i) the agreements set forth on Schedule A (the 
"Terminated Agreements"), (ii) the Stock Purchase Agreement dated November 12, 
1992 ("Stock Purchase Agreement") among Zapata, Jackson and the other parties 
thereto, and the transactions contemplated thereby, (iii) the Cimarron Incentive
Appreciation Plan as established November 12, 1992, but effective as of 
September 30, 1992 (the "Cimarron Incentive Appreciation Plan"), (iv) Jackson's 
hiring and initiation of employment with Cimarron and Zapata; (v) his employment
with Cimarron and Zapata; (vi) any acts (or omissions) or conduct connected with
his employment or acts (or omissions) occurring (or not occurring) during his 
employment with Cimarron or Zapata; and (vii) his separation of employment with 
Cimarron and Zapata.

                                      -2-


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