other material
confidence high
sentiment neutral
materiality 0.35
Leap Therapeutics amends CMO's severance; boosts benefits post-change-in-control
CYPHERPUNK TECHNOLOGIES INC.
- CMO Cynthia Sirard gets 100% base salary severance (12 monthly installments) on non-Cause termination or Good Reason resignation.
- Post-change-in-control termination within 1 year: severance increases to 125% base salary (lump sum) and COBRA reimbursed for 15 months (lump sum).
- Equity awards become exercisable for up to 2 years after qualifying termination following a change in control.