ALPHA TEKNOVA, INC.
EXECUTIVE SEVERANCE AND CHANGE IN CONTROL PLAN
1. Purpose. The purpose of this Alpha Teknova, Inc. Executive Severance and Change in Control Plan (the Plan) is to encourage employees of Alpha Teknova, Inc. (the Company) to remain in the employ of the Company and its Affiliates by providing severance protections to such employees in the event that their employment is terminated under the circumstances described in this Plan. Nothing in this Plan shall be construed as creating an express or implied contract of employment and nothing shall alter the at will nature of the Participants employment with the Company or its Affiliates.
2. Definitions. The following terms shall be defined as set forth below:
(a) Administrator means the Companys board of directors or such committee of the Companys board of directors that has been delegated administrative authority with respect to this Plan by the Companys board of directors.
(b) Affiliate means, with respect to any person or entity, any other person or entity that, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such person or entity. For purposes of this definition, control, when used with respect to any person or entity, means the power to direct the management and policies of such person or entity, directly or indirectly, whether through ownership of voting securities, by contract or otherwise; and the terms controlling and controlled have meanings correlative to the foregoing.
(c) Cause shall have the meaning ascribed to such term in the Companys 2021 Equity Incentive Plan, as may be amended or restated from time to time.
(d) CEO Participant means the Participant serving as the Companys Chief Executive Officer as of immediately prior to his or her Separation Date (or the date on which a reduction of his or her title occurred without his or her consent).
(e) Change in Control shall have the meaning ascribed to such term in the Companys 2021 Equity Incentive Plan, as may be amended or restated from time to time.
(f) CIC Period means that period commencing on the date that is three months prior to a Change in Control and ending on the date that is 12 months following a Change in Control.
(g) CIC Severance Period shall mean the period beginning on the Participants Separation Date and ending 12 months thereafter (or, for the CEO Participant, 24 months thereafter).
(h) COBRA shall mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.
(i) Code shall mean the Internal Revenue Code of 1986, as amended.
(j) Covered Termination shall mean a termination of the Participants employment by the Participant for Good Reason or by the Company or one of its Affiliates (or any successor to the Company or one of its Affiliates) without Cause.