Lyell Immunopharma amends Officer Severance Plan, adds tiered benefits

Lyell Immunopharma, Inc.

Amended severance plan: Tier I gets pro-rated bonus; Tier II & III get base salary and COBRA outside CIC.
During CIC Protection Period: Tier I receives target bonus; Tier III vesting acceleration increased to 100% (from 75%).
2022 base salaries effective Mar 1: Homans $600k, Hill $504k, Turner $473k.
2021 bonuses awarded: Homans $433,836; Klausner $222,007; Hill $346,775; Turner $295,925.

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