secwatch.observer — SEC 8-K summary
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Issuer:     IonQ, Inc. (IONQ)
CIK:        0001824920
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001193125-24-272566
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824920/000119312524272566/0001193125-24-272566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824920/000119312524272566/d867835d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-272566

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer