Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Departure of Certain Officers.
(e) Compensatory Arrangements with Certain Officers.
In connection with
•a severance payment equal to 12 months ofMr. Coffin's annual base salary; •a discretionary 2021 annual bonus payment; •12 months of reimbursement of COBRA continuation benefits; •accelerated vesting of 25,425 stock options that were otherwise scheduled to vest onFebruary 2, 2022 ; and •an extended period to exercise certain ofMr. Coffin's vested stock options throughMay 30, 2022 .
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is attached as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Separation Agreement withJames Coffin dated as ofJanuary 25, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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