Cessation of Executive Relationship and Benefits Continuation Information. Executive’s relationship with Company as an Executive and officer shall cease March 6, 2023 (“Departure Date”), at which point Executive shall cease providing executive (including officer) services to Company (other than in the context of any cooperation required in the Executive Services Agreement and hereunder related to Executive’s prior roles as an executive and/or officer) and shall begin Consultant’s relationship with Company as a consultant and advisor (and thereby remain in a service relationship with Company) through December 31, 2023, subject to the termination provisions in Section 9. Executive shall have a waivable period of twenty-one (21) days after the date on which this Agreement is delivered to Executive to consider whether or not to execute this Agreement. Executive may accept the offer contained in the Agreement at any time within the twenty-one (21) day period by signing it and delivering it to Company, unless withdrawn by the Company prior to acceptance. If Executive does so, the twenty-one (21) day period automatically ceases. If Executive does not accept the offer prior to the end of the twenty-one (21) day period, it shall be automatically revoked. The Releases in this Agreement (Section 20 and 21) shall be effective as of the eighth (8th) day after it is executed by Employee (“Effective Date”), provided the Agreement is not revoked by Executive pursuant to the “Age Claim Waiver” provisions in the Section entitled “Age Claim Waiver.” Notwithstanding the preceding, if Executive timely revokes the Releases (in Sections 20 and 21), Company shall have no further obligation to Executive under this Agreement. The insurance benefits elected and enrolled in by Executive as of the Departure Date shall terminate as of March 31, 2023, subject to the terms and conditions of the applicable plan documents, and thereafter shall be subject to continuation under federal or state law, as applicable. Executive will be notified in writing of the benefits that may be continued under COBRA or applicable state law, and of the terms, conditions, and limitations of such continuation (consistent with applicable law). As further consideration, Company agrees to reimburse Executive’s out of pocket COBRA expense for benefit continuation during the same time Executive provides consulting and advisory services to Company hereunder (not to go beyond reimbursement for such continuation through December 31, 2023, if the services go to full term), provided that Execu...
