Company: CERO
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001213900-25-011071
Chunk: 264

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-02-07
Form: 424B3
Chunk 264
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 a qualifying termination of employment, subject to such employee executing a separation agreement with us.

Employment Agreement with Mr. Atwood

On March 26, 2024, we entered
into an employment agreement with Mr. Atwood, our Chairman and Chief Executive Officer the (“Atwood Employment Agreement”).
Pursuant to the Atwood Employment Agreement, Mr. Atwood is entitled to an initial annual base salary of $360,000, an initial target annual
incentive bonus of 50% of Mr. Atwood’s base salary, an initial equity grant, and general eligibility to participate in our employee
benefit plans.

The Atwood Employment Agreement
provides that in the event Mr. Atwood’s employment is terminated by us without “cause” (other than as a result of Mr.
Atwood’s death or disability) or by Mr. Atwood with “good reason” (each as defined in the Atwood Employment Agreement),
in either case within thirty days before or within twelve months following a “change in control” (as defined in the Atwood
Employment Agreement) (the “Atwood Change in Control Period”), then, Mr. Atwood will be entitled to: (1) a lump sum cash
payment equal to three months of his then-current base salary, and (2) full acceleration of the vesting of all his outstanding equity
awards.

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The Atwood Employment Agreement
provides that in the event Mr. Atwood’s employment is terminated by us without “cause” (other than as a result of Mr.
Atwood’s death or disability) or by Mr. Atwood for “good reason,” in either case, outside of the Atwood Change in Control
Period, then, Mr. Atwood will be entitled to a lump sum cash payment equal to three months of his then-current base salary.

The Atwood Employment Agreement
provides that in the event Mr. Atwood’s employment terminate as a result of Mr. Atwood’s death or disability, then, Mr. Atwood
will be entitled to accelerated vesting of 50% of the then-unvested portion of outstanding equity awards.

Mr. Atwood’s benefits
after termination (other than as a result of death or disability) are conditioned, among other things, on him timely signing and not
revoking a general release of claims in our favor.

The payments and benefits
under the Atwood Employment Agreement in connection with a change in control