Xencor adopts Executive Severance Policy for VPs and above; severance up to 15 months base salary plus COBRA

Xencor Inc

Policy covers VPs (9 months), SVP (12 months), EVP (15 months) and C-level officers, excluding CEO.
Severance: lump sum base salary plus COBRA premiums for up to 15 months, contingent on release.
Change-in-control triggers additional bonus (target bonus for same months), prorated annual bonus, and full equity vesting acceleration.
Policy effective April 23, 2026; requires six months continuous employment and involuntary termination without Cause or Good Reason resignation.

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