other material
confidence high
sentiment neutral
materiality 0.50
Alumis adopts severance plan providing up to 18 months salary, full equity acceleration on change of control
ALUMIS INC.
- Plan provides cash severance of 6-18 months base salary (plus 1-1.5x target bonus) for qualifying terminations within 12 months of a change of control.
- Outside change of control, benefits range from 3-12 months base salary plus pro-rata bonus and COBRA; executive officers also get equity acceleration.
- Eligibility requires signed participation agreement and execution of a release; equity acceleration applies to outstanding awards held by participants.
- Plan effective February 18, 2025; supersedes prior severance arrangements for eligible employees.