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Exhibit 10.26
ENDOCYTE, INC.
SCHEDULE OF TERMS FOR
CHANGE IN CONTROL AND SEVERANCE AGREEMENTS
WITH EXECUTIVE OFFICERS
February 2018
|
| Termination without Cause or Resignation for Good Reason, prior to a Change in Control or after 12 months following a Change in Control | Termination without Cause or Resignation for Good Reason, within 12 months following a Change in Control | |||||
Name of Executive Officer | Date of Agreement | Severance Payment – Percentage of Base Salary | 140% COBRA Continuation | Accelerated vesting for equity awards that would have vested over the following | Severance Payment – Percentage of Base Salary | Severance Payment – Percentage of Target Bonus | 140% COBRA Continuation | Percentage of unvested equity awards that will immediately vest |
Michael A. Sherman | 6/17/16 | 100% | 12 months | 12 months | 200% | 200% | 24 months | 100% |
Michael A. Andriole | 2/20/17 | 75% | 9 months | 9 months | 150% | 150% | 18 months | 100% |
Alison A. Armour | 8/10/15 | 75% | 9 months | 9 months | 150% | 150% | 18 months | 100% |
Beth A. Taylor | 5/15/15 | 75% | 9 months | 9 months | 100% | 100% | 12 months | 100% |
Erik Chelius | 2/21/18 | 75% | 9 months | 9 months | 100% | 100% | 12 months | 100% |
Christopher P. Leamon | 5/15/15 | 75% | 9 months | 9 months | 150% | 150% | 18 months | 100% |
Katherine K. Parker | 5/15/15 | 75% | 9 months | 9 months | 100% | 100% | 12 months | 100% |