leadership
confidence high
sentiment neutral
materiality 0.60
Natera amends employment agreement for Executive Chairman Matthew Rabinowitz
Natera, Inc.
- Rabinowitz's base salary set at 50% of CEO's base salary, with annual cash bonus up to 85% of base salary.
- Annual equity awards valued at 80% of CEO's annual equity grants, split between time-based and performance-based vesting.
- Severance includes lump-sum cash of 12 months' base salary (18 months if within 12 months of change in control) plus COBRA premiums for 12 months (18 months for CIC).
- Time-based equity accelerates upon involuntary termination: greater of 50% of unvested shares or 12 months forward vesting; full acceleration upon CIC.
- Performance-based equity awards granted after effective date vest based on actual performance multiplied by service fraction plus 12 months; CIC triggers greater of actual or 100% achievement.