Common use of Company Consideration Clause in Contracts

Company Consideration. In exchange for the consideration You are providing under this Agreement, the Company (provided You timely sign and do not revoke this Agreement and this Agreement becomes effective) agrees to: a. provide You a one-time lump sum severance payment equal to one (1) times Your annual base salary ($515,000) (less applicable deductions and withholdings), within 60 days after the Termination Date. b. provide You a one-time lump sum payment of $360,500 (less applicable withholdings and deductions), representing Your target annual cash bonus relating to fiscal year 2022, within 60 days after the Termination Date. c. pay you an amount equal to Your annual cash bonus relating to fiscal year 2021 (less applicable deductions and withholdings), based on actual fiscal year 2021 performance and determined by the Compensation Committee of the Company’s Board of Directors and paid in the same manner as annual cash bonuses relating to fiscal year 2021 are typically determined by the Compensation Committee of the Company’s Board of Directors and paid with respect to similarly situated employees, within 60 days after the Termination Date. d. provide You a one-time lump sum payment of $42,202 (less applicable deductions and withholdings), representing one (1) times the amount equal to the aggregate premium cost to cover the existing coverage for You and your currently-enrolled eligible dependents for eighteen (18) months under the Company’s health, vision and dental plans in effect as of the Termination Date, within 60 days after the Termination Date. e. provide You a one-time lump sum payment (less applicable withholdings and deductions) equal to the value of 21,158 shares of the Company’s stock underlying the restrictive stock units (“RSUs”) granted to You and that would have vested, pursuant to Section 4(c)(i)(A) of the Company’s Amended and Restated Executive Severance Plan effective as of May 15, 2020 (the “Severance Plan”), calculated based on the closing market price on the Termination Date and paid in exchange for the Company cancelling such vested RSUs, within 60 days after the Termination Date. f. provide You with outplacement assistance through ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ for 12 months, provided activation occurs by December 1, 2021.

Company Consideration. In exchange for the consideration You are providing under this Agreement, the Company (provided You timely sign and do not revoke this Agreement and this Agreement becomes effective) agrees to: a. provide You a one-time lump sum severance payment equal to one (1) times Your annual base salary ($515,000370,000.00) (less applicable deductions and withholdings), within 60 days after the Termination Date. b. provide You a one-time lump sum payment of $360,500 240,500, representing Your annual cash bonus relating to 2020 (less applicable withholdings and deductions), representing Your target annual cash bonus relating to fiscal year 2022, within 60 days after the Termination Date. c. pay you an amount equal to provide You a lump sum payment of $206,503, representing Your annual cash bonus relating to fiscal year 2021 2019 (less applicable deductions withholdings and withholdingsdeductions), based on actual fiscal year 2021 performance and determined by the Compensation Committee of the Company’s Board of Directors and paid in the same manner as annual cash bonuses relating to fiscal year 2021 are typically determined by the Compensation Committee of the Company’s Board of Directors and paid with respect to similarly situated employees, within 60 days after the Termination Date. d. provide You a one-time lump sum payment of pay the premiums due ($42,202 12,846.00 in aggregate) under the Consolidated Omnibus Budget Reconciliation Act (less applicable deductions and withholdings), representing one (1“COBRA”) times the amount equal to the aggregate premium cost to cover the existing continue coverage for You and your currently-enrolled eligible dependents for eighteen (18) months under the Company’s health, vision and dental plans in effect as of the Termination Date, within 60 days after for You and Your dependents, if any, for 18 months immediately following the Termination Date, directly to the insurer/COBRA administrator on Your behalf; provided You and Your dependents, if any, were enrolled in such plans prior to the Termination Date and further provided You timely enroll for COBRA benefits. e. provide You a one-time lump sum payment (less applicable withholdings and deductions) equal to the value of 21,158 7,247 shares of the Company’s stock underlying the restrictive stock units (“RSUs”) granted to You and that would have vested, vested pro rata pursuant to Section 4(c)(i)(A) of the Company’s Amended and Restated Executive Severance Plan effective as of May 15January 1, 2020 2019 (the “Severance Plan”), calculated based on the closing market price on the Termination Date and paid Date, granted in exchange for the Company cancelling such vested RSUs, to be paid in a lump sum payment (less applicable withholdings and deductions), within 60 days after the Termination Date. f. provide You with outplacement assistance through ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ for 12 months, ▇; provided activation occurs by December April 1, 20212020. g. enter into the Consulting Agreement, attached to this Agreement as Exhibit A, entered into contemporaneously hereto.