Company: LCTX
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060090
Chunk: 32

Company: Lineage Cell Therapeutics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 32
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 will” and may be terminated at any time by the executive or us with or without cause.

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• The following summarizes the payments and other benefits to which each executive may be entitled if their employment is terminated for the reason specified.

| Reason for Termination                                                                                                                                                                  |     | Accrued Benefits                                                                                                                                                                                         |     | Cash Payments(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     | Other Benefits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| ● By us for cause (as defined in the agreement);● Executive’s death or disability (as defined in the agreement); or● By the executive without good reason (as defined in the agreement) |     | We must pay the executive:● all accrued but unpaid salary earned prior to or as of the date of termination; and ● all accrued and unused paid time off earned prior to or as of the date of termination. |     | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |     | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| ● By us without cause● By the executive with good reason                                                                                                                                |     | Same as above.                                                                                                                                                                                           |     | We must pay the executive:● an amount equal to a specified number of months(2) of their then-current base salary, payable in installments; ● a certain percentage(3) of their target bonus for the year in which employment was terminated payable in installments;  provided that if such target bonus has not been set at the time their employment is terminated, then the amount of their target bonus for the immediately preceding year will be deemed to be the target bonus for the year in which their employment is terminated; and● if they have not been paid their bonus for the immediately preceding year at the time their employment is terminated solely because their employment is terminated before the date on which such bonus otherwise would be paid, they will also receive a payment equal to 100% of the target bonus of such preceding year. |     | We must pay 100% of the premium of any health insurance benefits under a company employee health insurance plan subject to COBRA for a specified number of months.(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| By us without cause or by the executive with good reason within three months before or one-year after a change of control                                                               |     | Same as above.                                                                                                                                                                                           |     | Same as above except both payments are payable in a lump sum and both the number of months of base salary(4) and the percentage(5) of the target bonus