Except as may be otherwise provided in this Agreement, Employee agrees that Employee’s (i) participation in all benefits and incidents of employment, including, but not limited to, the accrual of vacation or paid time off (collectively, “PTO”) or bonuses, ceased (or will cease) as of the Separation Date; and (ii) Employee’s health insurance benefits, if any, shall cease on the last day of July 2016, subject to Employee’s right to continue Employee’s coverage under COBRA. The Parties agree that the sum of Employee’s currently accrued and unused PTO plus all PTO he will accrue prior to the Separation Date equals two hundred seventeen (217) hours, and that Employee will use all of this accrued PTO between the Effective Date and the Separation Date on dates of his own choosing and without submitting any forms or other paperwork documenting such use. Accordingly, it is further agreed that there will be no remaining accrued and unused PTO to be paid to Employee as of the Separation Date.