Celldex enters amended employment agreements with 10 executives, new salaries and bonus targets

Celldex Therapeutics, Inc.

CEO Marucci base salary $680,908 (60% bonus); CFO Martin $412,820 (40% bonus).
Initial term through Dec 31, 2021, auto-renew yearly unless 90-day notice.
Severance: 200% base salary lump sum on termination w/o cause or for good reason, plus 18 months COBRA.
25% of unvested equity vests immediately on such termination.
Agreements standardize language; prior agreements restated effective July 1, 2021.

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