Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 48

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 48
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 of business expenses and to participate in our standard employee benefit plans and programs. Effective February 26, 2025, Mr. Chapman was appointed as our Executive Chair at which time no terms of his compensation were amended.

Thomas Kramer

In September 2021, we entered into an amended and restated offer letter agreement with Mr. Kramer that governs the current terms of his employment as our Chief Financial Officer. Mr. Kramer’s annual base salary is $412,000, effective April 1, 2024, increased from $400,000. Mr. Kramer is eligible to participate in any bonus plan that may be established for executive officers and is also eligible for reimbursement of business expenses and to participate in our standard employee benefit plans and programs.

Rima Alameddine

In December 2022, we entered into an offer letter agreement with Ms. Alameddine that established an employment relationship and governs the current terms of her employment as our Chief Revenue Officer. Ms. Alameddine’s annual base salary is $412,000, effective April 1, 2024, increased from $400,000. Ms. Alameddine is eligible to participate in any bonus plan that may be established for executive officers and is also eligible for reimbursement of business expenses and to participate in our standard employee benefit plans and programs.

Jungsang Kim

In September 2021, we entered into an amended and restated offer letter agreement with Dr. Kim that established an employment relationship and governed the terms of his employment as our Chief Technology Officer. Dr. Kim voluntarily resigned as our Chief Technology Officer effective March 31, 2024. Dr. Kim received no salary increase or annual bonus for 2024, no severance in connection with his resignation, and his PSU award granted in August 2023 was forfeited entirely.

Severance Plan

Each of our NEOs, (in the case of Dr. Kim, prior to his resignation) is eligible to receive severance benefits under the terms of the IonQ, Inc. Change in Control Severance Plan, as amended in December 2024 and redesignated as the IonQ, Inc. Executive Severance Plan. The Executive Severance Plan provides for severance benefits upon a “covered termination” that occurs outside of or during a “CIC period” (each as described below).

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Upon a covered termination that occurs outside of the period beginning on the effective date of a CIC (as defined in