Company: LBRX
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0001193125-25-197877
Chunk: 289

Company: LB PHARMACEUTICALS INC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 289
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 “cause” and “good reason” as defined in the Sawhney Employment Agreement) during a time period other than the three (3)
months prior to or twelve (12) months following a change in control (as defined in the Sawhney Employment Agreement), Mr. Sawhney would have been entitled to receive the following benefits pursuant to the Sawhney Employment Agreement: (i) a
severance payment equal to nine (9) months of his then-current annual base salary, and (ii) if Mr. Sawhney had been eligible for and elected group health plan continuation coverage under COBRA, we would have reimbursed Mr. Sawhney for the monthly
COBRA premium paid by him for himself and his spouse/dependents until the earliest of (A) nine (9) months following the termination date; (B) the expiration of Mr. Sawhney’s eligibility for the continuation coverage under COBRA; or
(C) the date when Mr. Sawhney became eligible for substantially equivalent health insurance coverage in connection with new employment.

If, in the alternative, we had terminated Mr. Sawhney’s employment without cause or he resigned for good reason during the three
(3) months prior to or twelve (12) months following a change in control, Mr. Sawhney would have been entitled to receive the following benefits in lieu of the regular severance benefits described above: (i) a lump sum cash
payment equal to one year of his then-current base salary, (ii) one-and-a-half (1.5) times the annual bonus for the year in
which the termination had occurred, (iii) accelerated vesting of any unvested equity that Mr. Sawhney had then held, and (iv) if Mr. Sawhney had been eligible for and elected group health plan continuation coverage under COBRA,
we would have reimbursed Mr. Sawhney for the monthly COBRA premium paid by him for himself and his spouse/dependents until the earliest of (A) twelve (12) months following the termination date; (B) the expiration of
Mr. Sawhney’s eligibility for the continuation coverage under COBRA; or (C) the date when Mr. Sawhney became eligible for substantially equivalent health insurance coverage in connection with new employment.

Upon termination of Mr. Sawhney’s employment by reason of death or disability (as defined in the Sawhney Employment Agreement),
Mr. Sawh