Liquidia amends executive severance plan with tiered benefits up to 24 months base salary plus incentive

Liquidia Corp

Board approved amended Executive Severance Plan effective May 9, 2024; supersedes prior plans and employment agreements.
Tier 1 participants receive up to 18 months base salary (non-CIC) or 24 months base salary plus target annual incentive (CIC).
Tier 2-4 participants receive 6-12 months base salary depending on tier; CIC termination triggers full equity vesting for all participants.
COBRA premium coverage provided for 6-24 months based on tier and event type.
Plan defines four participation tiers; administration by Compensation Committee.

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