1.6. Pay Executive his Base Salary, in accordance with its normal payroll practices (but not less frequently than monthly) for a period of thirteen (13) months from the Termination Date;
1.7. With respect to the outstanding stock options awarded to the Executive as of the Termination Date, cause 102,083 shares subject to the stock option award dated July 5, 2016, 20,883 shares subject to the stock option award dated January 18, 2017, 14,167 shares subject to the stock option award dated January 2, 2018, and 5,625 shares subject to the stock option award dated January 18, 2019, to become vested as of the Termination Date and enhance the post-termination survival period otherwise applicable to such options such that they will remain exercisable until 18 months after the Termination Date; provided, however, that no such stock options will be exercisable following the original expiration date of the stock options;
1.8. With respect to any outstanding performance-based restricted stock unit awards (Performance-Based RSUs) awarded to Executive as of the Termination Date, cause 100% of such outstanding Performance-Based RSUs representing 33,750 Performance-Based RSUs to become vested as of the Termination Date; and
1.9. With respect to the outstanding time-vesting restricted stock unit awards (the Time-Based RSUs) awarded to Executive as of the Termination Date, cause 5,937 outstanding Time-Based RSUs to become vested as of the Termination Date.
The Executive acknowledges that: (i) the payments and promises set forth in this Section 1 constitute full settlement of all his rights under the Employment Agreement, (ii) he has no entitlement under any other severance or similar arrangement maintained by the Company or any of its affiliates, and (iii) except as otherwise provided specifically in this Release, the Company does not and will not have any other liability or obligation to the Executive by reason of the cessation of his employment. The Executive further acknowledges that, in the absence of his execution of this Release, the payments and benefits specified in Section 10(b)(iii) of the Employment Agreement and this Release would not otherwise be due to him.
2. Mutual Release and Covenant Not to Sue.
2.1. Mutual Release. The Executive, on his own behalf and together with his heirs, assigns, executors, agents and representatives hereby fully and forever releases and discharges the Company its predecessors, successors (by merger or otherwise), parents, subsidiaries, affiliates and assigns, together with each and every of their present, past and future officers, directors, shareholders, general partners, limited partners, employees and agents (in their official, individual and all other capacities), and all other persons or entities acting with, for, through or in concert with any of them (herein collectively referred to as the Company Releasees) from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities, of whatever kind or nature, including class claims, direct or indirect, in law, equity or otherwise, whether known or unknown, which the Executive now has, or hereafter can, shall or may have for, upon or by reason of any act, transaction, practice, conduct, matter, cause or thing of any kind or nature whatsoever (each, a Claim) arising or occurring through the Effective Date of this Release. The Company hereby fully and forever releases and discharges