Exhibit 10.1
Certain identified information in this exhibit has been excluded from the exhibit because it is confidential and not material.
September 13th, 2023
John Canning
[REDACTED]
Re: Terms of Separation
Dear John:
This letter confirms the agreement between you and Cineverse (the “Company”) concerning the terms of your separation and offers you the separation compensation we discussed in exchange for a release of claims.
“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”
Notwithstanding the foregoing, this waiver and release of claims does not extend to any rights which as a matter of law cannot be waived and released.
If you agree to abide by the terms outlined in this letter, please sign this letter below and also sign the attached copy and return it to me. I wish you the best in your future endeavors.
Sincerely,
CINEVERSE
By: | /s/ Mark Torres | |
Mark Torres | ||
Chief People Officer |
READ, UNDERSTOOD AND AGREED:
Signature: /s/ John Canning__________ Date: _9/15/23__________________________
John Canning