Tivic Health enters new CEO employment agreement with Jennifer Ernst; base salary $325K

Valion Bio, Inc.

Jennifer Ernst, CEO, enters new employment agreement effective Oct 8, 2025, replacing prior offer letter.
Base salary of $325,000 per annum; eligible for annual bonus up to 50% of base salary at Board discretion.
Severance: 12 months of base salary continuation, COBRA coverage, and continued equity vesting if terminated without cause or for good reason.
Severance conditioned on signing a release; no severance for voluntary quit (except good reason), cause, death, or disability.
Employment remains 'at will'; prior confidentiality and arbitration agreements remain in force.

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