Document ID: 12004

Text:
3.7.4 Exclusive Remedy. The Executive agrees that the payments contemplated by this Agreement will constitute the Executives sole and exclusive remedy for any termination of the Executives employment (other than any right to continued benefit coverage under and to the extent required by COBRA , and except for payment of any vested benefit the Executive may have under a retirement program sponsored or maintained by the Company that is intended to be qualified under Section 401(a) of the Internal Revenue Code (any such benefit to be paid under and in accordance with the terms and conditions of such plan)). The Executive covenants that he will not assert or pursue any other remedies, at law or in equity, with respect to any such termination. The Executive agrees to resign, on the Severance Date, as an officer and director of the Company and any affiliate of the Company, and as a fiduciary of any benefit plan of the Company or any affiliate of the Company, and to promptly execute and provide to the Company any further documentation, as reasonably requested by the Company, to confirm such resignation.

Named Entities:
49
49
Act
80
84
Regulation
87
89
Act

Tokenized Text:
3
.
7
.
4
Exclusive
Remedy
.
The
Executive
agrees
that
the
payments
contemplated
by
this
Agreement
will
constitute
the
Executives
sole
and
exclusive
remedy
for
any
termination
of
the
Executives
employment
(
other
than
any
right
to
continued
benefit
coverage
under
and
to
the
extent
required
by
COBRA
,
and
except
for
payment
of
any
vested
benefit
the
Executive
may
have
under
a
retirement
program
sponsored
or
maintained
by
the
Company
that
is
intended
to
be
qualified
under
Section
401
(
a
)
of
the
Internal
Revenue
Code
(
any
such
benefit
to
be
paid
under
and
in
accordance
with
the
terms
and
conditions
of
such
plan
)
)
.
The
Executive
covenants
that
he
will
not
assert
or
pursue
any
other
remedies
,
at
law
or
in
equity
,
with
respect
to
any
such
termination
.
The
Executive
agrees
to
resign
,
on
the
Severance
Date
,
as
an
officer
and
director
of
the
Company
and
any
affiliate
of
the
Company
,
and
as
a
fiduciary
of
any
benefit
plan
of
the
Company
or
any
affiliate
of
the
Company
,
and
to
promptly
execute
and
provide
to
the
Company
any
further
documentation
,
as
reasonably
requested
by
the
Company
,
to
confirm
such
resignation
.