This Retirement Agreement contains and constitutes the entire understanding and agreement between the Parties with respect to Executive’s severance benefits and the settlement of claims against the Company and cancels all previous oral and written negotiations, agreements and commitments in connection therewith, including, but not limited to, Section 9 of the Employment Agreement. Executive acknowledges and agrees that he is not entitled to receive any severance pursuant to the terms of his Employment Agreement. Nothing in this Section, however, will modify, cancel or supersede Executive’s obligations set forth in Section 6 herein or the documents identified in Section 6.