Guardant Health Enhances Executive Severance and Vesting Provisions

The latest update is out from Guardant Health (GH).

Guardant Health, Inc. has updated its Executive Severance Plan, which now offers executives, including Co-CEOs, improved benefits in the event of a termination without cause or for good reason. Executives could receive lump-sum severance pay, prorated annual bonuses, and extended COBRA premiums. Additionally, equity awards may fully vest, with performance goals considered met at target levels or above. The modifications particularly enhance payouts and vesting conditions surrounding a change in control, with specific provisions for the Co-CEOs’ equity awards, potentially increasing the vesting percentage based on timing and performance achievements.

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