Document ID: 14177

Text:
(a) Transition; Title. As of the Effective Date, Consultant and the Company hereby mutually agree that (i)Consultant is deemed to have resigned from the position of Chief Executive Officer of the Operating Company and of Holdings and, other than with respect to his service on the Board of Directors of the Company (such term referring throughout this Agreement to the Boards of Directors of both Operating Company and Holdings) or the Board of Directors (or any similar governing body) of any of the Companys subsidiaries, from all other offices held with the Company or any of its subsidiaries as of immediately prior to the Effective Date; (ii)Consultants employment with the Company is hereby terminated; (iii)except as otherwise expressly provided in this Agreement with respect to Sections 2(a), 2(b), 2(d), 3(a)and 4(a)of the Employment Agreement, which shall expressly survive the termination of the Employment Agreement to the extent required to effectuate the express terms of this Agreement, and Section10 of the Employment Agreement, which shall expressly survive the termination of the Employment Agreement, the Employment Agreement shall be and is hereby terminated as of 11:59 p.m.Eastern time on December2, 2012; (iv)Consultant will have the title of Founder of the Company and Vice Chairman of the Board; and (v)each of Vice Chairman and Founder has been designated as an officer position by Holdings Board of Directors pursuant to ArticleIV, Section12 of the Companys Bylaws. Consultant and the Company each acknowledge and mutually agree that the termination of Consultants employment with the Company is voluntary and by mutual agreement, that such termination of Consultants employment is not, and shall not be deemed to be, a termination Without Cause, For Cause or for Good Reason under the Employment Agreement and that such termination of Consultants employment shall not in any way affect the continued validity and enforceability of the Indemnification Agreement, the Stock Option Agreements or any other agreement (other than the Employment Agreement) to which Consultant is a party. Termination of Consultants employment under the Employment Agreement as set forth in this Agreement shall not, alone, entitle the Company to pursue any rights or remedies against or affecting Consultant, whether under the Employment Agreement, the Stock Option Agreements or otherwise.

Named Entities:
34
36
Role
174
175
Title
239
241
EffectiveDate
257
258
Role
281
284
Parties
293
293
Title
372
373
Title
376
378
Title

Tokenized Text:
(
a
)
Transition
;
Title
.
As
of
the
Effective
Date
,
Consultant
and
the
Company
hereby
mutually
agree
that
(
i
)
Consultant
is
deemed
to
have
resigned
from
the
position
of
Chief
Executive
Officer
of
the
Operating
Company
and
of
Holdings
and
,
other
than
with
respect
to
his
service
on
the
Board
of
Directors
of
the
Company
(
such
term
referring
throughout
this
Agreement
to
the
Boards
of
Directors
of
both
Operating
Company
and
Holdings
)
or
the
Board
of
Directors
(
or
any
similar
governing
body
)
of
any
of
the
Companys
subsidiaries
,
from
all
other
offices
held
with
the
Company
or
any
of
its
subsidiaries
as
of
immediately
prior
to
the
Effective
Date
;
(
ii
)
Consultants
employment
with
the
Company
is
hereby
terminated
;
(
iii
)
except
as
otherwise
expressly
provided
in
this
Agreement
with
respect
to
Sections
2
(
a
)
,
2
(
b
)
,
2
(
d
)
,
3
(
a
)
and
4
(
a
)
of
the
Employment
Agreement
,
which
shall
expressly
survive
the
termination
of
the
Employment
Agreement
to
the
extent
required
to
effectuate
the
express
terms
of
this
Agreement
,
and
Section10
of
the
Employment
Agreement
,
which
shall
expressly
survive
the
termination
of
the
Employment
Agreement
,
the
Employment
Agreement
shall
be
and
is
hereby
terminated
as
of
11
:
59
p
.
m
.
Eastern
time
on
December2
,
2012
;
(
iv
)
Consultant
will
have
the
title
of
Founder
of
the
Company
and
Vice
Chairman
of
the
Board
;
and
(
v
)
each
of
Vice
Chairman
and
Founder
has
been
designated
as
an
officer
position
by
Holdings
Board
of
Directors
pursuant
to
ArticleIV
,
Section12
of
the
Companys
Bylaws
.
Consultant
and
the
Company
each
acknowledge
and
mutually
agree
that
the
termination
of
Consultants
employment
with
the
Company
is
voluntary
and
by
mutual
agreement
,
that
such
termination
of
Consultants
employment
is
not
,
and
shall
not
be
deemed
to
be
,
a
termination
Without
Cause
,
For
Cause
or
for
Good
Reason
under
the
Employment
Agreement
and
that
such
termination
of
Consultants
employment
shall
not
in
any
way
affect
the
continued
validity
and
enforceability
of
the
Indemnification
Agreement
,
the
Stock
Option
Agreements
or
any
other
agreement
(
other
than
the
Employment
Agreement
)
to
which
Consultant
is
a
party
.
Termination
of
Consultants
employment
under
the
Employment
Agreement
as
set
forth
in
this
Agreement
shall
not
,
alone
,
entitle
the
Company
to
pursue
any
rights
or
remedies
against
or
affecting
Consultant
,
whether
under
the
Employment
Agreement
,
the
Stock
Option
Agreements
or
otherwise
.