Company: PACB
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001299130-25-000090
Chunk: 85

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 85
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 insurance;
#### •

#### health savings account (HSA);
• life, travel accident, and accidental death and dismemberment insurance;

#### •

#### a 401(k) plan;
#### •

#### short-term and long-term disability insurance;
• health care, dependent care and commuter flexible spending accounts;

#### •

#### an employee assistance program; and
#### •

#### an employee stock purchase plan.
| 2025 Proxy Statement |     | 63 |

TABLE OF CONTENTS

#### Change in Control and Severance Benefits
We have entered into change in control and severance agreements with each of our NEOs and made certain non-substantive changes with respect to such arrangements in 2024 consistent with best market practices as described further below under the section titled “Change in Control and Severance Arrangements.” We also entered into a separation agreement with Mr. Eidel, the terms of which are described further below under the section titled “Change in Control and Severance Arrangements.” It is expected that from time to time, we would consider the possibility of an acquisition by another company or other change in control event. We recognize that the occurrence or possibility of such a transaction could be a distraction to the NEOs and could cause the individual to consider alternative employment opportunities. We believe that it is important to provide these individuals with severance benefits upon a qualifying termination in connection with a change in control to secure our NEOs’ continued services to us notwithstanding the occurrence, possibility or threat of a change in control, provide them with an incentive to maximize our value in connection with a change in control for the benefit of our stockholders, and provide them with enhanced financial security. These change in control and severance arrangements generally do not affect the determination of our NEOs’ key compensation elements.

#### Tax Considerations
We have not provided any NEO or director with a gross-up or other reimbursement for tax amounts the executive might pay pursuant to Section 280G or Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). Section 280G and related Code sections provide that executive officers, directors who hold significant stockholder interests and certain other service providers could be subject to significant additional taxes if they receive payments or benefits in connection with a change in control that exceeds certain limits, and that we or our successor could lose a deduction on the amounts subject to the additional tax. Code Section 409A also imposes additional significant taxes on the individual in the event that an executive officer, director or service