Company: RCUS
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001724521-25-000052
Chunk: 58

Company: Arcus Biosciences, Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 58
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 eligible employee's base salary; and (b) continued Company-paid coverage under our benefit plans, subject to timely COBRA election, for the Severance Period (or until the expiration of the eligible employee's continuation coverage under COBRA or the eligible employee secures employment with similar benefits). We may, but are not required to (as determined in our sole discretion), pay the officer a lump-sum cash amount equal to their prorated annual target bonus. In the event such termination occurs within twelve months following a change in control, (a) the Severance Period will be increased to twenty-four months, (b) the officer will be entitled to 100% of their target annual bonus for the year of termination and (c) all of the officer's then outstanding equity awards will vest.

In all events, in order to receive the payments and benefits, the officer will be required to, among other things, execute and not revoke a general release of claims against the company and certain related parties.

<div align='center'>32.</div>

Cause means the employee’s:

• unauthorized use or disclosure of our confidential information or trade secrets, which use or disclosure causes material harm to us;

• material breach of any agreement with us;

• material failure to comply with our written policies or rules;

• conviction of, or plea of “guilty” or “no contest” to, a felony under the laws of the United States or any State;

• gross negligence or willful misconduct;

• continuing failure to perform assigned duties after receiving written notification of the failure from us or the Board; or

• failure to cooperate in good faith with a governmental or internal investigation of us or our directors, officers or employees, if we have requested such cooperation.

Good reason means a resignation of employment within 12 months after one of the following conditions has come into existence without the officer’s consent, which remains uncured more than 30 days after delivery of notice to us of such condition within 90 days following our receipt of the officer's notice of the initial existence of such condition:

• a reduction in the officer’s annual base salary by more than 10%, other than a general reduction that is part of a cost-reduction program that affects all similarly situated employees in substantially the same proportions;

• a relocation of the officer’s principal workplace by more than 25 miles from its location prior to a change in control; or

• a material reduction of responsibilities, authority or duties, provided that neither a mere change in title alone nor reassignment following a change