Company: LBRX
Filing Date: 2025-08-22
Form Type: S-1
Source: 0001193125-25-186467
Chunk: 278

Company: LB PHARMACEUTICALS INC
Filing Date: 2025-08-22
Form: S-1
Chunk 278
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 set forth above: (i) a lump sum cash payment equal to one year of her then-current base salary, (ii) one-and-a-half (1.5) times the annual bonus for the year in which the termination occurs, to the extent earned based on
actual performance, (iii) if Dr. Eramo is eligible for and elects group health plan continuation coverage under COBRA, we will reimburse Dr. Eramo for twelve (12) months of the monthly COBRA premium paid by her for herself and
her spouse/dependents, and (iv) 100% of the option to purchase 750,000 shares of our common stock that Dr. Eramo received in August 2023 will automatically vest.

Pursuant to the terms of the Eramo Employment Agreement, if Dr. Eramo’s employment agreement is terminated in the event of our non-renewal of the Eramo Employment Agreement, then Dr. Eramo will be entitled to a severance payment equal to nine (9) months of her then-current annual base salary, and an additional nine
(9) monthly installments of the option to purchase 750,000 shares of our common stock that Dr. Eramo received in August 2023 will automatically vest.

Upon termination of Dr. Eramo’s employment by reason of death or disability (as defined in the Eramo Employment Agreement),
Dr. Eramo (or her estate) will be entitled to receive the following benefits pursuant to the Eramo Employment Agreement: (i) a pro rata portion of the annual bonus for the fiscal year in which the termination occurs, to the extent earned
based on actual performance, (ii) if Dr. Eramo is eligible for and elects group health plan continuation coverage under COBRA, we will reimburse Dr. Eramo for the monthly COBRA premium paid by her (or in the event of her death, her
surviving spouse and/or dependents) for herself and her spouse/dependents, until the earliest of: (A) the last day of the month that is twenty-six (26) weeks after the date of such termination,
(B) in the event of Dr. Eramo’s disability, the date Dr. Eramo becomes eligible to receive healthcare coverage from a subsequent employer, or (C) the date Dr. Eramo is no longer eligible to receive COBRA continuation
coverage, and (iii