COBRA from Employment Agreement
This EMPLOYMENT AGREEMENT (the "Agreement") is made as of January 4, 2017 (the "Effective Date"), between Scott Pettit, an individual ("Employee"), and Fenix Parts, Inc., a Delaware corporation (the "Company" or "Employer"). This Agreement hereby supersedes any other employment agreements or understandings, written or oral, between Employer and Employee.
COBRA. Employee's existing coverage under the Company's group health plan (and, if applicable, the existing group health coverage for eligible dependents) will end on the last day of the month in which the eligible Employee's employment terminates. Employee and his eligible dependents may then be eligible to elect temporary continuation coverage under the Company's group health plan in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"). Employee (and, if applicable, his eligible dependents) will be provided with a COBRA election form and notice which describe his rights to continuation coverage under COBRA. If Employee elects COBRA continuation coverage, Employee (and, if applicable, his eligible dependents) may continue coverage at his own expense in accordance with COBRA or other applicable laws.