Cerus adopts severance plan for top officers; CFO, COO, CMO, CLO covered

CERUS CORP

Severance plan provides 1.5x-2x salary and bonus multiples, COBRA coverage, and full equity acceleration on change-in-control termination.
Participants: CFO Kevin Green, COO Vivek Jayaraman, CMO Richard Benjamin, CLO Chrystal Jensen.
Non-change-in-control severance for Green, Jensen, and Jayaraman (as COO) includes 12 months base salary and COBRA; Jayaraman as CEO gets enhanced benefits.
Plan supersedes all prior severance arrangements for these officers.

item 5.02item 9.01

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