SEC Contract Filing

Filing Date: 2019-01-23

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>nxgn-ex102_59.htm
<DESCRIPTION>EX-10.2
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<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">Exhibit 10.2</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">CONFIDENTIAL SEPARATION AGREEMENT</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">AND GENERAL RELEASE OF ALL CLAIMS<br /></font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Confidential Separation Agreement and General Release of All Claims (&#8220;Separation Agreement&#8221;) is entered into by and between <font style="font-weight:bold;">Scott E. Bostick</font> (&#8220;Employee&#8221;) and <font style="font-weight:bold;">NextGen Healthcare, Inc.,</font> (&#8220;Employer&#8221;).&nbsp;&nbsp;The term &#8220;Party&#8221; or &#8220;Parties&#8221; as used herein shall refer to Employee, Employer or both, as may be appropriate.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:108pt;"></font><font style="font-weight:bold;text-decoration:underline;">Last Day of Employment</font>.&nbsp;&nbsp;Employee's last day of employment with Employer is January 4<sup style="font-size:85%; vertical-align:top">th</sup>, 2019 (&#8220;Separation Date&#8221;).<font style="font-weight:bold;"> </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref291601520"></a><a name="_Ref291601458"></a>2.<font style="margin-left:108pt;"></font><font style="font-weight:bold;text-decoration:underline;">Consideration</font><a name="_Ref291601520"></a>.&nbsp;&nbsp;In consideration for signing this Separation Agreement and complying with its terms, and provided Employee does not subsequently revoke this Separation Agreement within the allotted time, Employer agrees<a name="_Ref291601458"></a>:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:23.08%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:144pt;"></font>to pay to Employee FOUR HUNDRED TWENTY_FIVE THOUSAND&nbsp;&nbsp;DOLLARS ($425,000.00), representing 12 months of salary at Employee&#8217;s base rate of pay as of the Separation Date, less lawful deductions, within 14 business days after the expiration of the seven-day revocation period (described in Section 11(f) below);<font style="color:#FF0000;">&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:23.08%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:144pt;"></font>if Employee properly and timely elects to continue medical coverage under the <font style="font-weight:bold;">NextGen Medical Plan &#8211; Anthem Blue Cross</font> in accordance with the continuation requirements of the Consolidated Omnibus Budget Reconciliation Act (&#8220;COBRA,&#8221;) Employer shall pay Employee for the cost of the premium for such coverage beginning on the Separation Date and ending on <font style="font-weight:bold;">July 31, 2020</font>.&nbsp;&nbsp;Thereafter, Employee shall be entitled to elect to continue such COBRA coverage for the remainder of the COBRA period, at Employee&#8217;s own expense; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:23.08%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:144pt;"></font>A pro-rata offboarding bonus of TWO HUNDRED TWENTY THREE THOUSAND ONE HUNDRED TWENTY EIGHT DOLLARS ($223,128.00).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.<font style="margin-left:108pt;"></font><font style="font-weight:bold;text-decoration:underline;">No Consideration Absent Execution of this Agreement</font>.&nbsp;&nbsp;Employee understands and agrees that Employee would not receive the consideration specified in Section 2 above, except for Employee&#8217;s execution of this Separation Agreement and the fulfillment of the promises contained herein.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">4.<font style="margin-left:108pt;"></font><font style="text-decoration:underline;">General Release, Claims Not Released and Related Provisions</font>.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:23.08%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-