EX-10.4
ADC Therapeutics SA
June 30, 2026 Mohamed Zaki 2501 Washington Lane Bethlehem, PA 18015 Dear Mohamed, ADC Therapeutics, Inc. (the “Company”) is pleased to offer you this Incentive Award Letter Agreement. The Company values your continued contributions to its business and wishes to incentivize you to remain employed by the Company. Subject to the terms and conditions set forth herein, the Company will pay you a cash incentive award in the amount of $568,974 (the “Cash Incentive Award”) and you will be granted an award of 213,900 restricted stock units (the “RSU Award,” together with the Cash Incentive Award, the “Incentive Awards”). 1. The Cash Incentive Award shall be subject to the terms and conditions set forth below: (a) The Cash Incentive Award will be paid to you on or about July 15, 2026. (b) To be eligible to retain the Cash Incentive Award, you must continue to perform the duties specified in the Employment Agreement between you and the Company, dated December 22, 2023 (the “Employment Agreement”) and otherwise reasonably assigned to you by the Board of Directors in a satisfactory manner and in compliance with all of the Company’s policies and procedures, and you must remain employed in good standing with the Company, for the period of time between the date hereof and the Retention Date in order to fully earn the Cash Incentive Award. For purposes of this Incentive Award Letter Agreement, “Retention Date” means June 30, 2027. (c) If you (i) do not perform your duties (including any newly-assigned duties following the date hereof) satisfactorily through the Retention Date, or (ii) your
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