EX-10.13
Electra Therapeutics, Inc.
**ELECTRA THERAPEUTICS, INC. **
**SEVERANCE PLAN **
**AND **
**SUMMARY PLAN DESCRIPTION **
**APPROVED BY THE BOARD OF DIRECTORS: AUGUST 19, 2026 **
1. Introduction. The purpose of this Electra Therapeutics, Inc. Severance Plan (the “Plan”) is to provide specified severance benefits to eligible employees of the Company (as defined below) whose employment is terminated by the Company or a successor under certain circumstances. This Plan is an “employee welfare benefit plan,” as defined in Section 3(1) of ERISA (as defined below). Effective as of the Effective Date, this Plan shall supersede any existing severance plan or individual agreement between the Company and any Covered Employee (as defined below) and any other plan, policy or practice, whether written or unwritten, maintained by the Company with respect to a Covered Employee, in each case to the extent that such agreement, plan, policy or practice provides for equity acceleration or severance benefits upon the Covered Employee’s separation from the Company. This document constitutes both the written instrument under w
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