IonQ amends executive severance plan; adjusts triggers and PSU acceleration terms

IonQ, Inc.

Termination after Change in Control Period no longer qualifies for severance benefits under amended plan.
Pre-CIC termination now eligible for target annual bonus, prorated bonus, and 100% acceleration of time-based equity.
For CEOs only, conversion to subsidiary or reporting change after CIC can still be Good Reason; for others it does not.
Relocation more than 50 miles not Good Reason if employee permitted to work from home.
PSU acceleration in CIC termination uses greater of target or projected performance; stock price hurdle still applies.

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