STATEMENT OF THE COMPANY OR ANY OTHER RELEASEE
WHICH IS NOT SET FORTH IN THIS AGREEMENT. THE COMPANY AGREES THAT UNTIL
SEPTEMBER 30, 2005, FROM TIME TO TIME EXECUTIVE MAY AVAIL HIMSELF OF THE
SECRETARIAL SERVICES OF HIS FORMER ASSISTANT OR SUCH OTHER SECRETARY AS MAY BE
DESIGNATED BY THE COMPANY FROM TIME, PROVIDED HOWEVER THAT SUCH SERVICES DO NOT
MATERIALLY INTERFERE WITH THE OTHER OBLIGATIONS OF ANY SUCH ASSISTANT OR
SECRETARY.
12.
GENERAL.
THIS AGREEMENT (I) CONSTITUTES THE ENTIRE AGREEMENT
BETWEEN THE PARITIES WITH RESPECT TO THE SUBJECT MATTER HEREOF AND TERMINATES,
SUPERSEDES AND PREEMPTS ANY
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PREVIOUS ORAL OR WRITTEN ARRANGEMENTS OR UNDERSTANDINGS RELATING THERETO, (II)
MAY BE SIGNED IN COUNTERPARTS, (III) SHALL BE GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK, WITHOUT REGARD TO ITS CONFLICT OF LAWS RULES, (IV) MAY NOT BE
AMENDED, TERMINATED, EXTENDED OR WAIVED ORALLY, AND (V) MAY NOT BE ASSIGNED, IN
WHOLE OR IN PART, BY EXECUTIVE. WITHOUT LIMITING THE GENERALITY OF THE
FOREGOING, IT IS UNDERSTOOD THAT THE EMPLOYMENT AGREEMENT IS TERMINATED AND OF
NO FORCE AND EFFECT. PARAGRAPH HEADINGS ARE FOR CONVENIENCE ONLY AND DO NOT
AFFECT THE MEANING OF ANY PROVISIONS OF THIS AGREEMENT. IF ANY PORTION OF THIS
AGREEMENT IS FOUND TO BE INVALID OR UNENFORCEABLE, THE REMAINING PORTIONS SHALL
REMAIN IN EFFECT.
13.
VOLUNTARY AND KNOWING ACTION.
EXECUTIVE ACKNOWLEDGES THAT
EXECUTIVE HAS BEEN ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS
AGREEMENT.
EXECUTIVE FURTHER ACKNOWLEDGES THAT EXECUTIVE HAS READ THIS
AGREEMENT CAREFULLY AND UNDERSTANDS ALL OF ITS TERMS, AND IS SIGNING THIS
AGREEMENT KNOWINGLY AND VOLUNTARILY AND WITH THE FULL INTENT OF, AMONG OTHER
THINGS, RELEASING THE COMPANY AND CERTAIN OTHER PARTIES OF ALL KNOWN AND UNKNOWN
CLAIMS.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be
effective as of the date first above written.
Dated: March 16, 2005
/s/ Michael Sileck
Michael Sileck
Dated: March 16, 2005
/s/ Myron Olesnyckyj
Monster Worldwide, Inc.
Name: Myron Olesnyckyj
Title: Senior Vice President
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