Re: Separation Agreement and ReleaseSeparation Agreement • May 6th, 2021 • Nephros Inc • Surgical & medical instruments & apparatus • New York
As we have discussed with you, your employment with Nephros, Inc. (“Nephros”) will terminate effective today January 28, 2021 and you will be paid in full through the January 31, 2021 pay cycle. While we are not required to do so, we are willing to offer separation pay to assist you with your transition as described in this letter. The purpose of this Separation Agreement and Release letter (“Agreement”) is to set forth the specific separation pay that Nephros will provide you in exchange for your agreement to the terms and conditions of this Agreement. If you wish to accept this offer, you must sign this Agreement on or after the Separation Date, but before the Expiration Date set forth at the end of this Agreement.
