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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.
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