Cytokinetics adopts executive severance plan with enhanced change-in-control benefits

CYTOKINETICS INC

Plan covers employees in grades M through P (excluding CEO Blum); severance based on years of service.
Non-CIC termination: cash lump sum = pro-rated base salary (6–12 months), earned & pro-rated bonus, COBRA.
CIC termination (within 18 months): severance period 12–18 months, 100% target bonus plus pro-rated bonus.
Equity awards fully accelerate for CIC terminations, with performance vesting at higher of target or actual.
Benefits subject to release of claims and compliance with confidentiality and restrictive covenants.

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