Separation Agreement and Release of ClaimsSeparation Agreement and Release of Claims • June 20th, 2023 • Cano Health, Inc. • Services-offices & clinics of doctors of medicine
This Separation Agreement and Release of Claims (the “Release”) is entered into by and among Cano Health, LLC (the “Company”), Cano Health, Inc. (the “Parent”), and Marlow Hernandez (the “Executive”) (collectively, the “Parties”) in connection with the “Employment Agreement” among the Executive, the Company and the Parent. Terms with initial capitalization that are not otherwise defined in this Release have the meanings set forth in the Employment Agreement. The consideration for the Executive’s agreement to this Release consists of the severance pay and benefits set forth in Section 6 of the Employment Agreement, subject to the Employment Agreement’s terms and conditions and the amendment to the terms of Executive’s outstanding equity awards as described in the letter agreement between Executive and the Parent, dated June 18, 2023 (the “Equity Letter”).
Re: Interim Chief Executive Officer AgreementCano Health, Inc. • June 20th, 2023 • Services-offices & clinics of doctors of medicine • Florida
On behalf of Cano Health, Inc. (the “Parent”) and Cano Health LLC (the “Company” and together with the Parent, the “Company Group”), I am pleased to offer you the position of Chief Executive Officer of the Company Group on an interim basis (“Interim Chief Executive Officer”) on the terms and conditions set forth in this letter agreement (this “Agreement”). You agree to accept this responsibility while we engage in a search for a permanent Chief Executive Officer. You may accept this Agreement by signing and returning a copy of this Agreement to the Company Group as provided below.
EMPLOYMENT AGREEMENTEmployment Agreement • June 20th, 2023 • Cano Health, Inc. • Services-offices & clinics of doctors of medicine • Florida
This Employment Agreement (the “Agreement”), dated as of December 13, 2022, is effective as of the Commencement Date (defined below) between Canon Health, LLC (the “Company”), and deMarquette Kent, an individual (the “Executive”).
