Last Day of Employment; Benefit Plans; Covenants and Obligations Sample Clauses
Last Day of Employment; Benefit Plans; Covenants and Obligations a. Your last day of employment with the Company will be December 10, 2022 (“Last Day of Employment”). You will cease to serve as an employee, Chief Executive Officer, Chief Investment Officer, and member of the Board of Directors as of the Last Day of Employment. In accordance with the terms and conditions of the Employment Agreement by and between you and the Company, effective January 1, 2019 (“Employment Agreement”), you are deemed to have resigned, effective as of the Last Day of Employment, from all positions you hold as an officer, director or fiduciary of the Company or any Company-related entity. You agree to execute and deliver to the Company any letters, documents and other instruments the Company reasonably requests that you sign and that are necessary or appropriate in connection with such resignations.
b. You will cease participating in all Company benefit plans as of the Last Day of Employment, except that your health coverage under the Company’s health plan will continue through the end of the calendar month in which the Last Day of Employment occurs, pursuant to the terms of such plan.
c. The noncompetition provision of the Employment Agreement (Section 7(f)(vi)) will expire on December 10, 2023.
d. The Company confirms that it will no longer monitor your brokerage information through Compliance 11 after the Last Day of Employment. Your obligation not to transfer certain shares of Company stock pursuant to Section 3(c) of the Employment Agreement will continue in effect according to its terms, and you will continue to be subject to the Company’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy according to its terms.
