Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 49

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 49
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 our Executive Severance Plan) and ending on the first anniversary thereof (the “CIC period”), each participant will be entitled to (1) a payment equal to the participant’s base salary for a period of months (12 months for Mr. Chapman; 9 months for Mr. Kramer and Ms. Alameddine)plusthe percent of salary target annual bonusplusthe percent of salary target annual bonus prorated for the number of days employed in year of the termination as a fraction of 365, less applicable tax withholdings to be paid in equal installments on our regular payroll schedule or in a lump sum, as we determine, and in compliance with Section 409A of the Code, (2) payment of continued group health benefits for a period of time matching the applicable severance term, and (3) full accelerated vesting of all outstanding equity awards subject to time-based vesting.

Upon a covered termination that occurs during a CIC period, participants will be entitled to (1) a payment equal to the participant’s (x) base salary for a period of months (12 months for Mr. Chapman, Mr. Kramer, and Ms. Alameddine)plus(y)the target annual bonus prorated for the number of days employed in the year of termination as a fraction of 365, less applicable tax withholdings; (2) a payment equal to the participant’s target annual bonus less applicable tax withholdings; (3) payment of continued group health benefits; and (4) full accelerated vesting of all outstanding equity awards subject to time-based vesting. The cash payments described in (1) and (2) above are to be paid in equal installments on our regular payroll schedule or in a lump sum, as we determine, and in compliance with Section 409A of the Code.

Additionally, in accordance with his bonus agreement, in the event Mr. Chapman's employment is terminated prior to December 31, 2025, without "cause" or by Mr. Chapman for "good reason" (as those terms are defined in the Executive Severance Plan), we will pay Mr. Chapman any previously unpaid portions of the cash awards, subject to the provisions of the Executive Severance Plan.

All severance benefits under the Executive Severance Plan are subject to certain rights to advance notice prior to termination and the participant’s execution of an effective release of claims in favor of us and compliance with the terms of any confidential information, proprietary information and inventions agreement and any other agreement between the