As good consideration for Employee’s execution, delivery, and non-revocation of this Agreement, Employee shall be entitled to receive cash payments (collectively the “ Severance Payment ”) at the rate of Employee’s annual base salary as in effect immediately prior to the Separation Date for a period of three (3) months commencing on the date hereof (the “ Severance Period ”), payable as set forth below. The Severance Payment shall be made as a series of separate payments in accordance with the Company’s standard payroll practices (and subject to all applicable tax withholdings and deductions), commencing with the first regular payroll date on or immediately following the date hereof. In addition, during the Severance Period, Employee shall continue to be eligible to receive such healthcare benefits from ID Systems as was in effect and applicable to Employee immediately preceding the Separation Date; provided that in the event Employee becomes eligible to obtain alternate healthcare coverage from a new employer before the end of the Severance Period, ID Systems’ obligation to provide such healthcare coverage shall cease. Employee acknowledges that Employee is not otherwise entitled to receive the payments and benefits described in this Section 4 and acknowledges that nothing in this Agreement shall be deemed to be an admission of liability on the part of any of the Released Parties. Employee agrees that Employee will not seek anything further from any of the Released Parties.