GENERAL RELEASE OF ALL CLAIMS
AGREEMENT entered into as of this __ day of September, 2020 by and between Hologic, Inc., a Delaware corporation with its principal place of business at 250 Campus Drive, Marlborough, Massachusetts 01752 (the Company), and Peter J. Valenti, III, an individual having his principal residence in Connecticut (the Executive).
WHEREAS, the Executive and the Company previously entered into a Retirement and Separation Agreement, dated as of _______________ (the Retirement Agreement);
WHEREAS, terms not defined herein shall have the meaning ascribed to them in the Retirement Agreement;
WHEREAS, in consideration of the amounts payable pursuant to the Retirement Agreement, and for other consideration, the Executive agrees to release and waive any and all claims against the Company Releasees (as defined below), subject to the terms and conditions herein;
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and in the Retirement Agreement, the parties hereto, each intending to be legally bound, do hereby agree as follows:
1. Separation Benefits. Subject to and conditioned upon the release of claims herein and the Executive not revoking this Release Agreement pursuant to Section 7 hereof, as a consequence of the ending of the Executives employment with the Company in accordance with the Retirement Agreement and in full discharge of the Companys obligations due to the Executive thereunder (excepting those arising under the last sentence of Section 4 thereof), the Company agrees to pay the Executive the severance payments set forth under Section 2 of the Retirement Agreement.
2. Non-Competition Agreement. The Executive agrees and covenants that the Non-Competition Agreement (as defined in the Retirement Agreement) remains in full force and effect.
3. Executive Release. In consideration for the substantial benefits being provided to the Executive in the Retirement Agreement, the Executive, for himself, his agents, legal representatives, assigns, heirs, distributees, devisees, legatees, administrators, personal representatives and executors (collectively with the Executive, the Releasing Parties), hereby releases and discharges, to the extent permitted by law, the Company and its present and past subsidiaries and affiliates, its and their respective successors and assigns, and the present and past shareholders, officers, directors, employees, agents and representatives of each of the foregoing (collectively, the Company Releasees), from any and all claims, demands, actions, liabilities and other claims for relief and remuneration whatsoever, whether known or unknown, from the beginning of the world to the date the Executive signs this Release Agreement, but otherwise including, without limitation, any claims arising out of or relating to the Executives employment with and termination of employment from the Company, for wrongful discharge, for breach of