Accrued Obligations and Benefits. Executive’s health insurance benefits shall cease on the Termination Date, subject to Executive’s right to continue his health insurance under COBRA. Except as otherwise provided for herein, Executive’s participation in all benefits and incidents of employment, including, but not limited to, vesting in equity-based awards, perquisites of employment, and the accrual of bonuses, vacation, and paid time off, shall cease as of the Termination Date. Executive will receive his earned but unpaid base salary, unpaid expense reimbursements (which must be submitted no later than 15 days following the Termination Date), and any vested benefits accrued through the Termination Date (as described in Section 1 above) on or before the time required by law, but in no event more than thirty (30) days following the Termination Date.
Accrued Obligations and Benefits. In accordance with the Employment Agreement between Employee and Company dated November 18, 2021 (the “Employment Agreement”), and regardless of whether Employee enters into this Agreement, within ten (10) days of the Separation Date Employee will receive the monies contemplated in Section 4(b) of the Employment Agreement. Provided Employee was already enrolled in the Company’s group healthcare insurance benefit plans during employment, Employee’s coverage under such plans will end as of the last day of the month in which the Separation Date occurs. If Employee wishes to continue healthcare insurance benefits coverage beyond such date at his own expense, Employee must timely elect such coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Except as expressly provided in the Restricted Stock Unit Award Agreement (dated February 15, 2022), between the Company and Employee (the “Award Agreement”) or in this Agreement, Employee will receive no additional compensation, bonus, severance, commissions, equity or other benefits on or after the Separation Date. Employee expressly acknowledges that Employee did not earn an Annual Bonus in the fiscal year prior to the fiscal year in which the Separation Date occurs that has not yet been paid. Further, Employee acknowledges that he has not earned an Annual Bonus for the current fiscal year. As such, Employee acknowledges that no Annual Bonus is due to Employee under the terms of Section 4(c)(iv) of the Employment Agreement. Additionally, employee acknowledges that he was not awarded and is not entitled to any “PSUs” under the Performance Share Award Agreement dated February 15, 2022 (the “PSU Agreement”) and any rights or obligations under the PSU Agreement are hereby forfeited and terminated.
Accrued Obligations and Benefits. Executive shall be entitled to receive from Luminex the Accrued Obligations under Section 2.2.3 in the Employment Agreement. In addition, Executive acknowledges that the payments and benefits offered in connection with the Consulting Agreement are in exchange in part for Executive’s execution of this Agreement. Executive acknowledges that no other promise or agreements of any kind have been made to Executive or with Executive by any person or entity whatsoever to cause Executive to sign this Agreement. Executive further acknowledges and agrees that the Accrued Obligations, together with any other payments or benefits that may be due under the terms of the Employment Agreement and the Consulting Agreement, shall constitute full accord and satisfaction of all obligations, including without limitation any and all severance obligations, in connection with Executive’s employment.
Accrued Obligations and Benefits. Regardless of whether Employee enters into this Agreement, the Company will pay Employee all accrued wages earned through and including the Separation Date, less applicable withholdings, in accordance with the Company’s regular payroll practices, but no later than ten (10) days after the Separation Date. Provided Employee is already enrolled in Company healthcare insurance benefits coverage, Employee shall continue to receive such coverage through November 30, 2023. If Employee wishes to continue healthcare insurance benefits coverage beyond November 30, 2023, Employee must timely elect such coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Any other benefits will be governed by the applicable benefit plan documents. Except as expressly provided in the applicable benefit plan documents or in this Agreement, Employee will receive no additional compensation, bonus, severance, commissions, equity, or other benefits (including, but not limited to, under the Employment Agreement (as defined herein), the EPIIA (as defined herein), or the Award Agreements (as defined herein)) after the Separation Date.
Accrued Obligations and Benefits. Regardless of whether Employee enters into this Agreement, Employer will pay Employee all accrued wages earned through and including the Separation Date, less taxes and withholdings required by law, in accordance with Employer’s regular payroll practices, but no later than ten (10) days after the Separation Date (or such earlier date if required by applicable state law). Further, Employee will retain Employee’s current medical, dental and vision coverage until 11:59 p.m. on the last day of the month in which the Separation Date occurs. All other employee benefits will cease immediately on the Separation Date. Unless Employee is qualified for and elects continuing coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), Employee will have 90 days after the Separation Date to claim qualified reimbursements under the Employer’s health insurance plan that Employee previously elected. If Employee is eligible for continuing medical, dental and vision coverage under COBRA, Employer will provide him with notice of such rights, and Employee may elect such continuing coverage, at Employee’s own expense, in accordance with the requirements stated in the notice and under applicable law. For the avoidance of doubt, Employee’s accrued rights under any elected HSA plan and 401K plan shall continue after separation from employment, without any election by Employee, in accordance with the terms of the respective plans.
Accrued Obligations and Benefits. (a) On the next payroll date following the Separation Date, the Company will pay to Executive all accrued wages earned through and including the Separation Date, including payment for any accrued but unused vacation pay, less applicable withholdings, in accordance with the Company's regular payroll practices.
Accrued Obligations and Benefits. Executive’s health insurance benefits shall cease on the Separation Date, subject to Executive’s right to continue her health insurance under COBRA. Except as otherwise provided for herein, Executive’s participation in all benefits and incidents of employment, including, but not limited to, vesting in equity-based awards, perquisites of employment, and the accrual of bonuses, vacation, and paid time off, shall cease as of the Separation Date. Executive will receive her earned but unpaid base salary, unpaid expense reimbursements (which must be submitted no later than 15 days following the Separation Date), accrued vacation/paid time off (subject to any limitations on accrual under company policies) and any vested benefits accrued through the Separation Date (as described in Section 1 above) on or before the time required by law, but in no event more than thirty (30) days following the Separation Date.
Accrued Obligations and Benefits. Executive’s health insurance benefits shall cease on the Termination Date, subject to Executive’s right to continue his health insurance under COBRA. Except as otherwise provided for herein, Executive’s participation in all benefits and incidents of employment, including, but not limited to, vesting in equity-based awards, perquisites of employment, and the accrual of bonuses, vacation, and paid time off, shall cease as of the Termination Date. Executive will receive his earned but unpaid base salary, unpaid expense reimbursements, and any vested benefits accrued through the Termination Date including without limitation accrued but unused vacation/PTO on or before the time required by law, but in no event more than thirty (30) days following the Termination Date.
Accrued Obligations and Benefits. Regardless of whether Executive enters into this Agreement, the Company will pay Executive all accrued wages (including accrued but unused vacation) earned through and including the Separation Date, plus the Notice Pay, less applicable withholdings, in accordance with the Company’s regular payroll practices. Provided Executive is already enrolled in Company health care insurance benefits coverage, Executive shall continue to receive such coverage through the last day of the calendar month in which the Separation Date occurs. If Executive wishes to continue health care insurance benefits coverage beyond such date, Executive must timely elect such coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Executive will retain all rights which have vested through the Separation Date under the Option Agreement and Option Grant dated January 4, 2023, with a vesting commencement date of September 1, 2022, granted to Executive under the Marpai, Inc. Global Share Incentive Plan (2021) and the US Appendix (the “Option Grant”).
Accrued Obligations and Benefits. The Company has paid to Executive all accrued wages earned through and including the Separation Date, including payment for any accrued but unused vacation pay, less applicable withholdings, in accordance with the Company's regular payroll practices. Provided Executive is already enrolled in Company health care insurance benefits coverage, Executive shall continue to receive such coverage through the last day of the calendar month in which the Separation Date occurs. If Executive wishes to continue health care insurance benefits coverage beyond such date, Executive must timely elect such coverage under the Consolidated Omnibus Budget Reconciliation Act ("COBRA"). Executive will retain all rights which have vested through the Separation Date under (i) the Option Agreement and Option Grant dated June 14, 2022, for 214,308 shares (fully-vested upon grant); (ii) the Option Agreement and Option Grant dated June 14, 2022, for 175,000 shares, with a vesting commencement date of June 14, 2022; and (iii) the Option Agreement and Option Grant dated June 14, 2022, for 75,000 shares, with a vesting commencement date of June 14, 2022; each granted to Executive under the Marpai, Inc. Global Share Incentive Plan (2021) and the US Appendix (the “Option Grants”). The Company agrees to extend the exercise period under the Option Grants through the twelve (12) month anniversary of the Separation Date.
