BRIEF-Molina healthcare says fired execs entitled to severance
May 2 Molina Healthcare
* Says CEO Mario molina, CFO John Molina were terminated without cause
* Says terminations were effective immediately and will entitle Dr. Molina and Mr. Molina to severance benefits
* Says Molinas entitled to acceleration/vesting of equity compensation as provided for in their employment agreements Further company coverage: (Reporting By Michael Erman)