Serina Therapeutics amends CEO Steve Ledger's employment agreement with enhanced severance and equity acceleration

Serina Therapeutics, Inc.

Base salary of $500,000 unchanged; target annual bonus set at 50% of base salary.
Non-CIC termination severance: 12 months base salary plus pro-rated target bonus, 12 months COBRA.
CIC termination severance: 1.5x base salary plus 1.5x target bonus plus pro-rated bonus, 18 months COBRA.
Full acceleration of unvested time-based equity awards upon a Qualifying CIC Termination.
Non-compete covenant for 2 years; non-solicit and no-hire for 18 months post-termination.

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