Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 90

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 90
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) any material reduction of base compensation (other than in connection with a general decrease in
base salaries for most officers of the successor corporation); or (3) the refusal to relocate to a facility or location more
than 35 miles from the Company’s current location. The NEO must provide 90 days’ notice of the event giving rise
to good reason, give the Company 30 days to cure (if curable), and any resignation for good reason must occur within 180 days
after the occurrence of the event giving rise to such resignation right.

The Management Agreements generally define a change in control to mean
the occurrence of a change in the majority ownership of the voting securities of the Company; a merger that results in the stockholders
of the Company immediately prior the transaction not owning more than 60% of the voting securities of the Company; the sale of all or
substantially all of the assets; or over a period of 12 months or less, when a majority of our Board becomes comprised of individuals
who were not serving on our Board as of a specified date, or whose nomination, appointment, or election was not approved by a majority
of the directors who were serving on our Board as of such specified date.

The table below outlines the potential payments and benefits payable
to each NEO in the event of such NEO’s termination in connection with a change in control of the Company, assuming such event had
occurred on December 31, 2024.

| Name                 |     | Severance 
 Payment   |           |     | Continuation 
 of Benefits  |        |     | Value           
 of              
 Accelerated     
 Stock Awards(1) |           |     | Total |            |
|:---------------------|:----|:----------|----------:|:----|:-------------|-------:|:----|:----------------|----------:|:----|:------|-----------:|
| Ryan Spencer         |     | $         | 2,922,501 |     | $            | 47,835 |     | $               | 7,121,754 |     | $     | 10,092,090 |
| Kelly MacDonald      |     | $         | 1,174,500 |     | $            | 36,377 |     | $               | 1,924,514 |     | $     |  3,135,391 |
| David F. Novack      |     | $         | 1,660,703