Elevation Oncology, Inc. Change in Control and Severance Agreement with Executive
This agreement between Elevation Oncology, Inc. and an executive outlines the severance benefits the executive will receive if their employment ends under certain conditions, such as a qualifying termination or a change in control of the company. Benefits may include a lump-sum severance payment, continued health insurance coverage, and accelerated vesting of equity awards. These benefits are contingent on the executive signing a general release of claims against the company. The agreement specifies the duration and amount of benefits based on the executive's role and the circumstances of termination.
Exhibit 10.1
Change in Control and Severance Agreement1
This Change in Control and Severance Agreement (the “Agreement”) is entered into by and between [Name] (the “Executive”) and Elevation Oncology, Inc., a Delaware corporation (the “Company”), effective as of [Date] (the “Effective Date”).
1 For Chief Executive Officer, other C-Level employees and Senior Vice Presidents only.
2 Chief Executive Officer; other C-Level employees; Senior Vice Presidents.
3 Chief Executive Officer; other C-Level employees.
4 To be included for Chief Executive Officer and other C-Level employees only.
5 Chief Executive Officer; other C-Level employees; Senior Vice Presidents.
6 Chief Executive Officer; other C-Level employees; Senior Vice Presidents.
2
7 To be excluded for Chief Executive Officer.
3
4
5
6
7
8
IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written.
EXECUTIVE | ELEVATION ONCOLOGY, INC. |
By: Name: Title: | By: Name: Title: |
[Signature Page to Change in Control and Severance Agreement]