The Board of Directors adopted a new Severance Plan effective April 17, 2026. The plan covers specific officers including the CFO, COO, CMO, and Chief Legal Officer. Benefits are triggered by involuntary termination without cause or resignation for good reason, particularly within 12 months of a change in control. Tier 1 benefits (applicable to the CEO role) include 18-24 months of base salary and 1.5x-2x target annual bonus. Tier 2 benefits include 12-18 months of base salary and 1.5x target annual bonus. The plan includes full accelerated vesting of outstanding equity awards upon a qualifying termination.