SEC Contract Filing

Filing Date: 2021-10-07

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
10.1</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CHANGE
IN CONTROL AND EXECUTIVE SEVERANCE PLAN AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Change in Control and Executive Severance Plan Agreement (the &ldquo;<B>Agreement</B>&rdquo;) is entered into by and between Gisela A.
Paulsen, MPharm (&ldquo;<B>you</B>&rdquo; or &ldquo;<B>your</B>&rdquo;) and Oncocyte Corporation (the &ldquo;<B>Company</B>&rdquo;).
This Agreement has an effective date of October 4, 2021 (the &ldquo;<B>Effective Date</B>&rdquo;). The Board has authorized the Company
to enter into this Agreement in order for you to become a Covered Employee participant under the Oncocyte Corporation Change in Control
and Severance Plan (the &ldquo;<B>Plan</B>&rdquo;). This Agreement enumerates the Plan benefits that may be provided to you as a Covered
Employee as referenced in Section II of the Plan. All provisions of this Agreement are subject to and governed by the terms of the Plan.
In the event of any conflict in terms between the Plan and this Agreement, the terms of the Plan shall prevail and govern.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
consideration of the mutual covenants and promises made in this Agreement, you and the Company agree as follows:</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
1. Definitions.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to terms defined elsewhere herein or in the Plan, the following terms have the following meanings when used in this Agreement.
If you have an employment agreement with the Company which includes defined terms that expressly are different from and/or conflict with
the below defined terms, the terms of this Agreement shall govern and shall supersede the terms of the employment agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1
&ldquo;<B>Base Salary</B>&rdquo; means your annual rate of base salary as of the day before your Termination Date and disregarding any
reduction in base salary which constituted Good Reason.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2
&ldquo;<B>Board</B>&rdquo; means the Company&rsquo;s Board of Directors.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3
&ldquo;<B>Cause</B>&rdquo; means the occurrence of one or more of the following:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
Your personal dishonesty, willful misconduct, or breach of fiduciary duty involving personal profit;</FONT></P>

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