Company: ZVRA
Filing Date: 2025-03-31
Form Type: PREC14A
Source: 0001193125-25-068746
Chunk: 64

Company: ZEVRA THERAPEUTICS, INC.
Filing Date: 2025-03-31
Form: PREC14A
Chunk 64
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 normal payroll schedule, (b) a pro-ratedtarget annual bonus for the year in which termination occurs, (c) 12 months of Company-paidCOBRA continuation coverage, and (d) full vesting of his outstanding and unvested equity awards, except that if such termination occurs within one year following a sale that constitutes a “change in control event” as defined in Section 409A of the Code, then in lieu of the payment described in clause (a), Dr. Quartel will be entitled to a lump sum payment equal to 1.0 times his annual base salary. Upon Dr. Quartel’s termination due to death or disability, Dr. Quartel will receive a pro-ratedtarget annual bonus. Dr. Quartel is also subject to 12-month post-termination non-competitionand 61 non-solicitationrestrictions. Under the terms of the Quartel Agreement, if we undergo a change of control, all then unvested and outstanding equity awards will become fully vested and immediately exercisable immediately prior to such change in control. R. LaDuane Clifton, MBA, CPA In 2015, we entered into an amended and restated employment agreement with Mr. Clifton under which he serves as our Chief Financial Officer (as amended, the “Clifton Agreement”). Pursuant to the Clifton Agreement, Mr. Clifton is entitled to (i) an annual base salary and (ii) an annual performance-basedbonus opportunity. Mr. Clifton is also subject to 12-month post-termination non-competitionand non-solicitationrestrictions. In the event that we terminate Mr. Clifton without “cause” or he resigns for “good reason” (in each case, as defined in the Clifton Agreement), Mr. Clifton will be entitled to receive (a) an amount equal to 12 months of his annual base salary, less applicable deductions, payable in accordance with our normal payroll schedule, (b) a pro-ratedtarget annual bonus for the year in which termination occurs, (c) 12 months of Company-paidCOBRA continuation coverage and (d) full vesting of his outstanding equity awards, except that if such termination occurs upon or within one year following a sale that constitutes a “change in control event” as defined in Section 409A of the Code then in lieu of the payment described in clause (a) Mr. Clifton will be entitled to a lump sum payment equal to his annual base salary on the first regularly scheduled pay day