PERSONAL OBJECTIVES IN HIS 2014 BONUS PLAN, TO BE PAID IN A LUMP SUM ON THE
FIRST PAYROLL DATE AFTER THE EFFECTIVE DATE OR AUGUST 30, 2014, WHICHEVER IS
LATER.
EXECUTIVE ACKNOWLEDGES THAT THIS AMOUNT IS NOT REQUIRED BY THE
EMPLOYMENT AGREEMENT AND IS SUBJECT TO EXECUTIVE COMPLYING WITH THE PROMISES
HEREIN.
(E)
OUTPLACEMENT SERVICES AND SUPPORT FOR A MAXIMUM PERIOD OF SIX
(6) MONTHS THROUGH SYNTESIS GLOBAL, BUT IN NO CIRCUMSTANCE SHALL SUCH SERVICES
AND SUPPORT EXTEND BEYOND DECEMBER 31, 2015.
EXECUTIVE ACKNOWLEDGES THAT THIS
BENEFIT WILL CEASE IN THE EVENT THAT EXECUTIVE ACCEPTS NEW EMPLOYMENT.
EXECUTIVE ACKNOWLEDGES AND UNDERSTANDS THAT THIS SEVERANCE BENEFIT IS NOT
REQUIRED BY THE EMPLOYMENT AGREEMENT AND IS SUBJECT TO EXECUTIVE COMPLYING WITH
THE PROMISES HEREIN.
EXECUTIVE ACKNOWLEDGES THAT SEVERANCE BENEFITS CONSTITUTE CONSIDERATION TO WHICH
HE WOULD NOT OTHERWISE BE ENTITLED.
3
3.
Other Payments, Benefits, and Acknowledgments.
(A)
EXECUTIVE CONFIRMS THAT AS OF THE DATE HE EXECUTES THIS
AGREEMENT AND REGARDLESS OF WHETHER EXECUTIVE EXECUTES THIS AGREEMENT, EXECUTIVE
RECEIVED ALL WAGES FOR ALL HOURS WORKED AND THAT AS OF HIS TERMINATION DATE, HE
WILL BE PAID FOR ALL FINAL WAGES FOR ALL HOURS WORKED AND FOR ACCRUED AND EARNED
BUT UNUSED VACATION PAY THROUGH THE TERMINATION DATE, SUBJECT TO ALL APPLICABLE
WITHHOLDINGS AND DEDUCTIONS.
(B)
EXECUTIVE AGREES THAT HE HAS BEEN REIMBURSED ALL BUSINESS
EXPENSES AND PROVIDED ALL SUPPORTING DOCUMENTATION RELATED THERETO AS OF THE
DATE HE EXECUTES THIS AGREEMENT.
EXECUTIVE AGREES THAT HE HAS NOT INCURRED ANY
OTHER BUSINESS EXPENSES, FOR WHICH HE HAS NOT BEEN REIMBURSED.
(C)
IF EXECUTIVE EXECUTES AND COMPLIES WITH THE OBLIGATIONS IN
THIS AGREEMENT, FOR THE PERIOD REQUIRED BY LAW OR THE APPLICABLE HEALTH
INSURANCE PLAN FOLLOWING THE SEVERANCE PERIOD, EXECUTIVE SHALL BE ENTITLED TO
ELECT CONTINUATION OF COVERAGE FOR HEALTH INSURANCE BENEFITS UNDER COBRA AT HIS
OWN COST AND EXPENSE.
IN ADDITION, EXECUTIVE WILL BE PROVIDED UPON REQUEST WITH
PAPERWORK REQUIRED TO CONTINUE BASIC LIFE INSURANCE COVERAGE UNDER THE PLAN'S
CONVERSION AND/OR PORTABILITY FEATURES TO THE EXTENT PERMITTED BY THE CARRIER.
IF EXECUTIVE DOES NOT EXECUTE AND COMPLY WITH THE OBLIGATIONS IN THIS AGREEMENT,
EXECUTIVE WILL BE RESPONSIBLE FOR ALL COSTS ASSOCIATES WITH HEALTH INSURANCE
BENEFITS UNDER COBRA IMMEDIATELY AFTER TERMINATION DATE.
(D)
EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WILL NOT BE ENTITLED TO
ANY ADDITIONAL BONUS PAYMENTS FOR 2014 OR ANY SUBSEQUENT YEAR.
(E)
THE COMPANY ACKNOWLEDGES THAT EXECUTIVE SHALL CONTINUE TO BE
ENTITLED TO ONLY THOSE BENEFITS TO WHICH HE MAY BE ENTITLED UNDER THE COMPANY'S
EXECUTIVE LONG-TERM INCENTIVE PLAN AS OF THE TERMINATION DATE.
(F)
EXECUTIVE REPRESENTS AND CONFIRMS THAT HE: (I) IS NOT AWARE
OF ANY UNPAID WAGES, VACATION, BONUSES, OR OTHER AMOUNTS OWED TO EXECUTIVE BY
COMPANY, OTHER THAN THE CONSIDERATION AND PAYMENTS SPECIFICALLY PROMISED IN THIS
AGREEMENT; (II) EXECUTIVE HAS NOT BEEN DENIED ANY REQUEST FOR LEAVE TO WHICH
EXECUTIVE BELIEVES HE WAS LEGALLY ENTITLED, AND EXECUTIVE WAS NOT OTHERWISE
DEPRIVED OF HIS RIGHTS UNDER THE FAMILY AND MEDICAL LEAVE ACT OR ANY SIMILAR
STATE OR LOCAL STATUTE; AND (III) UNDER