secwatch.observer — SEC 8-K summary
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Issuer:     Aurora Innovation, Inc. (AUR)
CIK:        0001828108
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001828108-23-000179
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aurora adopts executive severance policy with CIC benefits: 100% salary + prorated bonus + equity acceleration
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- Policy covers named executive officers and designated key employees; effective August 14, 2023.
- In a change-in-control termination: lump sum = 100% annual base salary + 100% target bonus (prorated), 12-month COBRA, full time-equity acceleration.
- Non-CIC termination: 6 months base salary continuation + 6-month COBRA.
- Policy has a 3-year initial term, auto-renews annually unless Company gives 60-day non-renewal notice.
- Benefits subject to signing a release and potential clawback if later found Cause existed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000179/0001828108-23-000179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000179/aur-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001828108-23-000179

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