Company: PACB
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001299130-25-000090
Chunk: 95

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 95
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 a lump sum cash payment equal to his base salary in effect immediately before the termination of his employment or, in the case of resignation for “good reason” due to a material reduction in his base pay, the base salary as in effect immediately prior to the reduction, for a period of 12 months;

• in the case of Ms. Kim and Mr. Eidel, continuing payments of base salary in effect immediately before the termination of his or her employment or, in the case of resignation for “good reason” due to a material reduction in his or her base pay, the base salary as in effect immediately prior to the reduction, for a period of 12 months;

• in the case of Mr. Henry, his then-outstanding equity awards that are, as of the date of termination of employment with the Company, to vest solely based on continued service to the Company, will immediately vest as to the number of shares of common stock subject to each such equity award that otherwise would have vested had he remained an employee of the Company through the six-month anniversary of the qualifying termination; and

• company-paid or company-reimbursed premiums for continuation coverage as applicable, pursuant to COBRA for himself or herself and his or her eligible dependents (as applicable), subject to his or her timely election to continue such coverage, for up to 18 months (for Mr. Henry), up to 12 months (for Ms. Kim, Mr. Van Oene and Mr. Eidel) following termination of employment.

The change in control and severance agreements with Mr. Henry, Ms. Kim, Mr. Van Oene and Mr. Eidel provide that if, during a change in control (as defined in the change in control and severance agreements) period, we terminate his or her employment with us for a reason other than “cause,” his or her death or “disability,” or he or she resigns for “good reason,” in each case, as set forth in the applicable change in control and severance agreement, he or she would be entitled to:

• in the case of Mr. Henry, a lump sum cash payment equal to his base salary in effect immediately before the termination of his employment or, if greater, the base salary in effect immediately before the merger, for a period of 18 months;

• in the case of Mr. Van Oene, a lump sum cash payment equal to his base salary in effect immediately before the termination of his employment or, if greater, the base salary in effect immediately before the