As of March 31, 2017 (“Retirement Date”), Executive’s employment with the Company, service as Executive Vice President - General Counsel, Corporate Development and Human Resources of the Company and in any and all other positions with the Company that Executive holds shall terminate (including, but not limited to, as Corporate Secretary of the Company and as an officer or director of any subsidiary of the Company, and being a member on all committees including the AutoNation Business Ethics and Risk Committees). On the next regularly scheduled payroll date following the Retirement Date, the Company will pay to Executive: (a) all wages earned through the Retirement Date and (b) any accrued and unused vacation as of the Retirement Date paid in accordance with the applicable Paid Time-Off Policy. Except as set forth herein, Executive acknowledges that the Company owes no other bonuses, commissions, wages, vacation pay, sick pay, or benefits to Executive as of the Retirement Date.