Company: PACB
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001299130-25-000090
Chunk: 100

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 100
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s that were so designated and eligible for severance benefits as of December 31, 2024, (1) following a termination of employment without cause, and other than due to the executive officer’s death or a disability, or his or her resignation for good reason and (2) following a termination of employment without cause, and other than due to the executive officer’s death or a disability, or his or her resignation for good reason during a change in control period, based on the severance and change in control provisions described above and based on equity awards outstanding as of December 31, 2024. Actual amounts payable to each NEO listed below upon termination can only be determined definitively at the time of each executive’s actual departure. In addition to the amounts shown in the table below, each executive officer would receive payments for amounts of base salary and vacation time accrued through the date of termination and payment for any reimbursable business expenses incurred.

As of December 31, 2024, Mr. Henry also held equity awards granted pursuant to the 2010 Director Plan. These awards, in addition to certain of Mr. Henry’s equity awards granted pursuant to the Company’s 2020 Plan, relate to Mr. Henry’s service as a non-employee director before he joined us as our Chief Executive Officer. For more information on these awards, see the Summary Compensation Table for Fiscal Years 2024, 2023 and 2022.

| 2025 Proxy Statement |     | 73 |

TABLE OF CONTENTS

<div align='center'>Potential Payments upon Involuntary Termination or Change in Control</div>

| Compensation and Benefits(1) |     | Involuntary Termination ($) |           |     |    |     | Involuntary Termination On 
 or Within Change In        
 Control Period ($)         |           |     |    |     | Change in Control ($) |         |     |    |
| Christian O. Henry           |     |                             |           |     |    |     |                            |           |     |    |     |                       |         |     |    |
| Salary                       |     |                             | 1,095,000 |     |    |     |                            | 1,095,000 |     |    |     |                       |       — |     |    |
| Performance-based cash bonus |     |                             |         — |     |    |     |                            |   730,000 |     |    |     |                       |       — |