EMPLOYMENT AGREEMENT AND KESP. Chairman acknowledges and agrees that all of Chairman’s rights under the Employment Agreement and the Company’s Key Employee Severance Benefit Plan (“KESP”) were terminated and ceased as of the Resignation Effective Date based on Chairman’s voluntary resignation, Chairman is not eligible to receive any compensation or benefits under the Employment Agreement or under the KESP based on Chairman’s voluntary resignation, and the Company has no continuing obligations to Chairman under the Employment Agreement or KESP.
EMPLOYMENT AGREEMENT AND KESP. Consultant acknowledges and agrees that all of Consultant’s rights under the Employment Agreement and the Key Employee Severance Benefit Plan (“KESP”) were terminated and ceased as of the Resignation Effective Date based on Consultant’s voluntary resignation, Consultant is not eligible to receive any compensation or benefits under Section 6 of the Employment Agreement or under the KESP based on Consultant’s voluntary resignation, and the Company has no continuing obligations to Consultant under the Employment Agreement or KESP. The Company, however, will pay Consultant a pro-rated share of the fourth quarter bonus Consultant was eligible to receive as Chief Executive Officer (for the period through December 1, 2017) under the Company’s 2017 executive bonus plan, less applicable withholdings, at the time such bonuses are approved for the Company’s other executive officers in the first quarter of 2018. CONSULTANT: MB (initial) - PAGE 1 - COMPANY: BZ (initial)
