This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes all prior or contemporaneous agreements, arrangements and understandings, whether oral or written, between the parties with respect to such subject matter. Executive and the Company affirm that each fully understands this Agreement’s meaning and effect. Each party hereto has participated fully and equally in the negotiation and drafting of this agreement. This Agreement contains section headings for reference only. The headings in no way affect the meaning or interpretation of this Agreement. For purposes of Section 6, 8 and 9 of this Agreement, the “ Company ” as used therein shall be deemed to include the Company and its subsidiaries and their respective successors and assigns.