Amendment to Vaxart, Inc. Severance Benefit Plan (May 2023)

Contract Categories: Human Resources › Severance Agreements
Summary

This amendment updates the Vaxart, Inc. Severance Benefit Plan, effective May 2, 2023. It changes Appendix A to specify that Senior Vice Presidents and above are entitled to a severance period of 6 months for non-change in control (Non-CiC) situations and 12 months for change in control (CiC) situations. All other terms of the plan remain unchanged. The amendment is executed by the company's President and CEO.

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EX-10.2 3 ex_513187.htm EXHIBIT 10.2 ex_513187.htm

Exhibit 10.2

 

AMENDMENT TO THE
VAXART, INC.
SEVERANCE BENEFIT PLAN

 

The Vaxart, Inc. Severance Benefit Plan (the “Plan”) is hereby amended, effective as of May 2, 2023, as follows:

 

1.

Appendix A to the Plan is hereby deleted in its entirety and replaced with the following:

 

APPENDIX A
SEVERANCE PERIOD

 

Employee Level

Non-CiC Severance Period

CiC Severance Period

Senior Vice President
and Above

6 months

12 months

 

 

2.

Except as explicitly set forth herein, the Plan will remain in full force and effect.

 

IN WITNESS WHEREOF, the undersigned duly authorized officer has executed this amendment as of the date set forth above.

 

 

VAXART, INC. 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Andrei Floroiu

 

 

 

Andrei Floroiu 

 

 

 

President & Chief Executive Officer