Company: PCRX
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041219
Chunk: 74

Company: Pacira BioSciences, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 74
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 Summary Compensation Table because the NQDC Plan does not provide for above-market or preferential earnings. (3) Aggregate earnings are shown net of brokerage and/or other account fees.

82 | investor.pacira.com

TABLE OF CONTENTS Executive Compensation EMPLOYMENT AGREEMENTS, SEVERANCE, AND CHANGE OF CONTROL ARRANGEMENTS Employment Agreements We have entered into employment agreements with each of our named executive officers. These agreements provide for “at will” employment, which means we or the executive can terminate their employment at any time, with or without cause. If our chief executive officer (i) is terminated for any reason other than for “cause,” or (ii) terminates his employment for “good reason,” then he will be entitled to: • earned and accrued base salary, bonus, vacation time and other benefits; • monthly salary continuation payments for a period of 18 months from the effective date of the release required to be provided as a condition to receiving these payments; • in lieu of the Targeted Incentive Bonus (as defined in the employment agreement), • a bonus payment equal to 150% of his then current annual Targeted Incentive Bonus, payable in one lump sum, after the effective date of the release required to be provided as a condition to receiving this payment; • health insurance coverage, subject to cost sharing, for 18 months following the effective date of the release required to be provided as a condition to receiving this coverage; and • immediate vesting of the portion of his outstanding unvested options and any time-based RSUs that would have become vested during the 12-month period following the date of termination, provided that he executes and delivers the release required to be provided as a condition to the acceleration of the vesting of such awards. If, within 30 days prior to, or 12 months following, a “change of control,” our chief executive officer (i) is terminated for any reason other than for “cause,” or (ii) terminates his employment during the agreement term for “good reason,” then he will be entitled to: • earned and accrued base salary, bonus, vacation time and other benefits; • monthly salary continuation payments for a period of 24 months from the effective date of the release required to be provided as a condition to receiving these payments; • in lieu of the Targeted Incentive Bonus (as defined in the employment agreement), a bonus payment equal to 200% of his then current annual Targeted Incentive Bonus, payable in one lump