other material
confidence high
sentiment neutral
materiality 0.50
CFO Yi Larson gets new 3-year employment contract with $510K base salary
LianBio
- Initial term from Oct 1, 2022 to Sep 30, 2025, with auto-renewal for one-year periods.
- Annual base salary $510,000; target discretionary bonus $255,000 per year.
- Severance includes 12 months base salary plus repatriation expenses if terminated without cause or for good reason.
- Within 12 months after a change in control, acceleration of unvested equity and relocation benefits added.
- New contract replaces Sept 2021 agreement; includes perpetual confidentiality and 12-24 month non-compete/non-solicit.