other material
confidence high
sentiment neutral
materiality 0.40
Synlogic amends CEO and COO severance agreements, extending change-in-control benefits
SYNLOGIC, INC.
- CEO Aoife Brennan's severance period extended from 12 to 18 months after a change-in-control termination.
- COO Antoine Awad's severance period extended from 6 to 12 months after a change-in-control termination.
- Both executives receive 100% target bonus lump sum, COBRA coverage up to 18/12 months, and accelerated equity vesting.
- Amendments executed December 26, 2023, and filed as Exhibits 10.1 and 10.2.