Company: ZVRA
Filing Date: 2025-04-21
Form Type: DEFC14A
Source: 0001193125-25-086293
Chunk: 61

Company: ZEVRA THERAPEUTICS, INC.
Filing Date: 2025-04-21
Form: DEFC14A
Chunk 61
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Employment Arrangements and Potential Payments upon Termination of Employment Neil F. McFarlane In October 2023, we entered into an employment agreement with Mr. McFarlane under which he serves as our President and Chief Executive Officer. Pursuant to the employment agreement, Mr. McFarlane is entitled to (i) an annual base salary, (ii) an annual performance-basedtarget bonus of 60% of his annual base salary, (iii) reimbursement for commuting expenses (together with a tax gross-uprelated thereto), and (iv) a cash bonus of up to $350,000 to assist with his move to the Company’s headquarters (the “Relocation Bonus”), payable in two installments. The 60

first installment of the Relocation Bonus was $200,000 and was paid in 2023 shortly after the commencement of his employment. The second installment of the Relocation Bonus, which is $150,000, was payable upon his move to within fifty (50) miles of the Company’s headquarters prior to the first anniversary of the commencement of his employment and was paid in 2024. The Relocation Bonus is subject to repayment if Mr. McFarlane resigns for any reason (other than for “good reason,” as defined in Mr. McFarlane’s employment agreement) or is terminated for “cause” (as defined in Mr. McFarlane’s employment agreement), in either case, within two years after the commencement of his employment. Upon a termination of Mr. McFarlane’s employment without cause by the Company or resignation for good reason, Mr. McFarlane is entitled to receive (a) an amount of cash equal to 1.0 times his annual base salary, (b) a pro-ratedtarget annual bonus for the year in which termination occurs, (c) twelve months of Company-paidCOBRA continuation coverage, and (d) full vesting of his outstanding and unvested equity awards. However, if any such termination occurs within one month prior to or six months after a change in control, he will instead receive (a) an amount of cash equal to 1.5 times his annual base salary, (b) a target annual bonus for the year in which termination occurs, (c) eighteen months of Company-paidCOBRA continuation coverage, and (d) full vesting of his outstanding and unvested equity awards. Upon Mr. McFarlane’s termination due to death or disability, Mr. McFarlane