Company: ZURA
Filing Date: 2025-09-30
Form Type: 8-K
Source: 0001104659-25-095024
Chunk: 1

Company: Zura Bio Ltd
Filing Date: 2025-09-30
Form: 8-K
Item: Item 5.02
Chunk 1
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 Chief Executive Officer, or (y) 12 months of such Eligible Employee’s base salary, in the case of
the Company’s other named executive officers and certain other executives; (ii) a lump sum payment equal to (x) 150% of such
Eligible Employee’s then-current target annual bonus (if any) in the case of the Chief Executive Officer, or (y) 100% of such Eligible
Employee’s then-current target annual bonus (if any) in the case of the Company’s other named executive officers and certain
other executives; (iii) payment of such Eligible Employee’s annual bonus for the year in which the termination occurs, based on
(and to the extent of) actual performance, as determined by the Board, prorated based on the number of days such Eligible Employee was
employed during such year; and, if applicable, (iv) reimbursement of the full amount of COBRA premiums, or coverage under any self-funded
plan, for (x) up to 18 months in the case of the Chief Executive Officer, or (y) up to 12 months in the case of the Company’s other
named executive officers and certain other executives.

The foregoing description
of the Severance Plan is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text
of the Severance Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by
reference.