other material
confidence high
sentiment neutral
materiality 0.50
Editas Medicine amends severance plan, extending CEO benefits to 18 months post-change-of-control
Editas Medicine, Inc.
- Amended plan extends change-in-control termination window to include 3 months prior to a change in control.
- Non-change-in-control termination now includes term for Good Reason; requires termination >3 months prior to change.
- CEO severance: base salary continuation extended to 18 months (was 12) and COBRA contributions also to 18 months.
- Plan covers named executive officers and other designated employees under an unfunded welfare benefit plan.