Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 86

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 86
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 and material damage to the Company or its subsidiaries; (2) repeated unexplained or
unjustified absence from the Company; (3) a material and willful violation of any federal or state law; (4) commission of any act of fraud
with respect to the Company; or (5) conviction of a felony or a crime involving moral turpitude causing material harm to the standing
and reputation of the Company, in each case as determined in good faith by the Board.

For purposes of the Management
Agreements, “good reason” generally means the NEO’s voluntary termination following (1) a material
reduction or change in job duties, responsibilities, and requirements inconsistent with the NEO’s position with the
Company and his or her prior duties, responsibilities, and requirements, or a material change in the level of management to
which the NEO reports; (2) any material reduction of base compensation (other than in connection with a general decrease in
base salaries for most officers of the successor corporation); or (3) the refusal to relocate to a facility or location more
than 35 miles from the Company’s current location. The NEO must provide 90 days’ notice of the event giving rise
to good reason, give the Company 30 days to cure (if curable), and any resignation for good reason must occur within 180 days
after the occurrence of the event giving rise to such resignation right.

The Management Agreements generally define a change in control to mean
the occurrence of a change in the majority ownership of the voting securities of the Company; a merger that results in the stockholders
of the Company immediately prior the transaction not owning more than 60% of the voting securities of the Company; the sale of all or
substantially all of the assets; or over a period of 12 months or less, when a majority of our Board becomes comprised of individuals
who were not serving on our Board as of a specified date, or whose nomination, appointment, or election was not approved by a majority
of the directors who were serving on our Board as of such specified date.

The table below outlines the potential payments and benefits payable
to each NEO in the event of such NEO’s termination in connection with a change in control of the Company, assuming such event had
occurred on December 31, 2024.

| Name                 |     | Severance 
 Payment   |           |     | Continuation 
 of Benefits  |        |     | Value           
 of              
 Accelerated