Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 1032

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 1032
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 (ii) a lump sum
payment of his annual cash performance bonus that had been earned by him for a completed fiscal year or other measuring period but
that had not yet been paid to him as of the date of termination, (iii) a lump sum payment equal to his then target annual bonus
opportunity, pro-rated based on the total number of days elapsed in the calendar year through the date of termination, (iv) payment
or reimbursement of the COBRA premiums for him and his eligible dependents, or if COBRA is not available under our group health
plan, a cash amount equal to such payments or reimbursements (in either case, less the premiums he was paying for such coverage
while employed), until the earliest of (x) the last day of the applicable salary continuation period specified above, or (y) the
date he becomes eligible for comparable health insurance coverage under a subsequent employer’s group health plan; and (v)
accelerated vesting of such number of his unvested equity awards as would have vested had he remained employed during the 12-month
period following his date of termination (provided, however, that, any equity awards that vest in whole or in part based on the
attainment of performance-vesting conditions shall be governed by the terms of the applicable award agreement).

The
Tapolczay Employment Agreement provides that if we terminate Dr. Tapolczay’s employment other than for cause or disability, or
if he terminates his employment for good reason, in either case within three months prior to or 12 months after a change in control (such
period, the change in control period), he would be entitled to receive (i) continued payment of his annual base salary for 18 months
following the date of termination, (ii) a lump sum payment of his annual cash performance bonus that had been earned by him for a completed
fiscal year or other measuring period but that had not yet been paid to him as of the date of termination, (iii) a lump sum payment equal
to 150% of his then target annual bonus opportunity (without pro-ration), (iv) payment or reimbursement of the COBRA premiums for him
and his eligible dependents, or if COBRA is not available under our group health plan, a cash amount equal to such payments or reimbursements
(in either case, less the premiums he was paying for such coverage while employed), until the earliest of (x) the last day of the applicable