AVITA Medical amends CEO James Corbett's employment agreement; severance extended, options vest on change of control

AVITA Medical, Inc.

Annual bonus payout moved to no later than March 15 for prior calendar year.
Option grants now provide 100% immediate vesting upon a Change in Control.
Severance period increased from 12 to 18 months for termination without cause or for good reason.
Removed change-in-control termination payments and long-distance commuting reimbursements for food/fuel.

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