Common use of Separation Benefits to Employee Clause in Contracts

Separation Benefits to Employee. In consideration for Employee’s entering into this Agreement and Employee’s continuing compliance with his/her obligations hereunder from and after the Termination Date as provided herein, the Company shall pay Employee One Million Eighty-Four Thousand Seven Hundred Eleven Dollars and Fifty-Four Cents ($1,084,711.54), less all applicable deductions and withholdings as required by law or authorized by Employee; this payment shall be made by the Company in a lump sum within sixty (60) days following the Termination Date. The Company shall also continue Employee’s medical, dental and vision benefits at the Employee’s current levels, if any, at the Company’s expense for a period of up to twenty-four (24) months following the Termination Date. The payments and benefits contemplated hereunder are collectively referred to as the “Payment.” Notwithstanding anything herein to the contrary, the Company shall have no obligation to make the Payment if Employee revokes this Agreement as provided in Section 4(c) hereof. Employee understands that the Payment represents the Company’s sole financial obligation to Employee from and after the Termination Date, and that, without limiting the foregoing, Employee is not entitled to severance or separation pay or other benefits under any other plan, policy or agreement except as expressly required by law, and that any other prior agreements and understandings between the Company and Employee shall from and after the Termination Date be null and void and of no force and effect (except the provisions of the Employment Agreement that survive the termination thereof).

Separation Benefits to Employee. In consideration for Employee’s entering into this Agreement and Employee’s continuing compliance with his/her obligations hereunder from and after the Termination Date as provided herein, the Company shall pay Employee One Million Eighty-Four Six Hundred Seventy Thousand Seven Hundred Eleven Sixty-Nine Dollars and FiftyTwenty-Four Three Cents ($1,084,711.54670,769.23), less all applicable deductions and withholdings as required by law or authorized by Employee; this payment shall be made by the Company in a lump sum within sixty (60) days following the Termination Date. The Company shall also continue Employee’s medical, dental and vision benefits at the Employee’s current levels, if any, at the Company’s expense for a period of up to twenty-four (24) months following the Termination Date, unless during such period Employee notifies the company in writing that he wishes to discontinue such benefits sooner. The Company shall also make payments to Xxx Xxxxx Xxxxxxxx (or such other outplacement assistance provider as Employee shall choose), for expenses actually incurred by Employee in job search assistance, upon Employee’s submission to Company of invoice(s) within eighteen (18) months of the Termination Date; such payments shall not exceed Fifteen Thousand Dollars ($15,000). The payments and benefits contemplated hereunder are collectively referred to as the “Payment.” Notwithstanding anything herein to the contrary, the Company shall have no obligation to make the Payment if Employee revokes this Agreement as provided in Section 4(c) hereof. Employee understands that the Payment represents the Company’s sole financial obligation to Employee from and after the Termination Date, and that, without limiting the foregoing, Employee is not entitled to severance or separation pay or other benefits under any other plan, policy or agreement except as expressly required by law, and that any other prior agreements and understandings between the Company and Employee shall from and after the Termination Date be null and void and of no force and effect (except the provisions of the Employment Agreement that survive the termination thereofthereof and the provisions of the Indemnification Agreement, dated as of April 19, 2007 between the Employee and Skilled Healthcare Group, Inc., and the provisions of the Consulting Agreement dated as of February 24, 2015 between the Employee and Genesis Administrative Services, LLC).

Separation Benefits to Employee. In consideration for Employee’s entering into this Agreement and Employee’s continuing compliance with his/her obligations hereunder from and after the Termination Date as provided herein, the Company shall pay Employee One Million EightySix Hundred Twenty-Four Eight Thousand Seven Eight Hundred Eleven Forty-Six Dollars and Fifty-Four Fifteen Cents ($1,084,711.54628,846.15), less all applicable deductions and withholdings as required by law or authorized by Employee; this payment shall be made by the Company in a lump sum within sixty (60) days following the Termination Date. The Company shall also continue Employee’s medical, dental and vision benefits at the Employee’s current levels, if any, at the Company’s expense for a period of up to twenty-four (24) months following the Termination Date, unless during such period Employee notifies the Company in writing that he wishes to discontinue such benefits sooner. The Company shall also make payments to Xxx Xxxxx Xxxxxxxx (or such other outplacement assistance provider as Employee shall choose), for expenses actually incurred by Employee in job search assistance, upon Employee’s submission to Company of invoice(s) within eighteen (18) months of the Termination Date; such payments shall not exceed Fifteen Thousand Dollars ($15,000). The payments and benefits contemplated hereunder are collectively referred to as the “Payment.” Notwithstanding anything herein to the contrary, the Company shall have no obligation to make the Payment if Employee revokes this Agreement as provided in Section 4(c) hereof. Employee understands that the Payment represents the Company’s sole financial obligation to Employee from and after the Termination Date, and that, without limiting the foregoing, Employee is not entitled to severance or separation pay or other benefits under any other plan, policy or agreement except as expressly required by law, and that any other prior agreements and understandings between the Company and Employee shall from and after the Termination Date be null and void and of no force and effect (except the provisions of the Employment Agreement that survive the termination thereof)., and the provisions of the Indemnification Agreement, dated as of February 25, 2008 between the Employee and Skilled Healthcare Group, Inc.. [Initial: CF]

Separation Benefits to Employee. In consideration for Employee’s entering into this Agreement and Employee’s continuing compliance with his/her obligations hereunder from and after the Termination Date as provided herein, the Company shall pay Employee One Million EightyFive Hundred Twenty-Four Seven Thousand Seven One Hundred Eleven Seventy-Nine Dollars and FiftyForty-Four Eight Cents ($1,084,711.541,527,179.48), less all applicable deductions and withholdings as required by law or authorized by Employee; this payment shall be made by the Company in a lump sum within sixty (60) days following the Termination Date. The Company shall also continue Employee’s medical, dental and vision benefits at the Employee’s current levels, if any, at the Company’s expense for a period of up to twenty-four (24) months following the Termination Date. The payments and benefits contemplated hereunder are collectively referred to as the “Payment.” Notwithstanding anything herein to the contrary, the Company shall have no obligation to make the Payment if Employee revokes this Agreement as provided in Section 4(c) hereof. Employee understands that the Payment represents the Company’s sole financial obligation to Employee from and after the Termination Date, and that, without limiting the foregoing, Employee is not entitled to severance or separation pay or other benefits under any other plan, policy or agreement except as expressly required by law, and that any other prior agreements and understandings between the Company and Employee shall from and after the Termination Date be null and void and of no force and effect (except the provisions of the Employment Agreement that survive the termination thereof).