Company: SION
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101830
Chunk: 45

Company: Sionna Therapeutics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 45
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 her annual target bonus for the year in which such cessation takes place.

Severance and Change in Control Arrangements

Each of the NEOs has entered into a Severance and Change in Control Agreement (each, a “Severance and CIC Agreement”). In addition, we have adopted a Severance and Change in Control Plan (the “New Severance and CIC Plan”), which became effective on February 6, 2025 (the “New Severance and CIC Plan Effective Date”).

Severance and Change in Control Agreements

Each of the NEOs has entered into a Severance and CIC Agreement, which provides that upon a “terminating event” (i.e., a termination by us for any reason other than due to “cause,” death or “disability,” or a resignation by an NEO for “good reason”, as such terms are defined in the Severance and CIC Agreements) outside of a “change in control period” (i.e., the period on or within 12 months after the date of a “change in control”, as such term is defined in the Severance and CIC Agreements), the NEO will be entitled to receive, subject to the execution and delivery of an effective and irrevocable release of claims in favor of us and continued compliance with all applicable restrictive covenants, (i) 12 months of base salary; (ii) earned but unpaid bonus for the year prior to the year of termination; (iii) a prorated annual target bonus for the year of termination; (iv) subject to the NEO’s timely COBRA election, the share of the NEO’s health premium payments in an amount equal to what we pay for active employees until the earlier of (A) the one-year anniversary of the date of termination and (B) the date that the NEO obtains coverage under another health and dental insurance plan; and (v) with respect to any equity grants held by the NEO, (A) 12 months’ acceleration of vesting of any time-based stock option and stock awards; provided, that such options and awards were held by the NEO prior to the New Severance and CIC Plan Effective Date, (B) for any performance-based stock options and stock awards, treatment as set forth in the applicable award agreement and (C) 12 months’ extension of any post- termination exercise period for options held by the NEO prior to the New Severance and CIC Plan Effective Date. The amounts payable under (i