Accrued Salary and Benefits 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.
Accrued Salary and Benefits. The Company shall pay Employee's Base Salary through the effective date of termination of Employee's employment. In addition, Employee shall receive the following: (i) payment for accrued but unused vacation time through the date of termination, payable within fifteen (15) days of the termination date; and (ii) group health coverage, including eligible medical, dental and vision insurance that Employee was participating in at the time of termination, through the last day of the calendar month during which the termination occurs (group health coverage after such date being governed by COBRA).