TuSimple adopts executive severance plan with change-in-control benefits for CFO Tapia

TuSimple Holdings Inc.

Plan adopted May 30, 2023; CFO Eric Tapia initially designated as Participant.
Non-CIC severance: 0.5x (base salary + target bonus) lump sum, plus 12× monthly COBRA cost.
CIC severance: 1x (base salary + target bonus) lump sum, full equity acceleration, plus 12× COBRA.
Severance conditioned on signing release; benefit reduced if Section 280G excise tax triggered.

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