D-Wave Quantum adopts severance policy and amends executive employment agreements

D-Wave Quantum Inc.

Severance policy adopted May 1, 2025 for CEO Alan Baratz, CFO John Markovich, and CAO Diane Nguyen.
Non-CIC severance includes 12 months salary continuation; CEO also gets accelerated vesting on time-based equity.
CIC severance: 1.0x (CEO 1.5x) of salary plus bonus, COBRA for 12–18 months, full equity acceleration.
Employment agreements amended May 6, 2025 to align with the new severance policy.

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