EX-10.14
Latigo Biotherapeutics, Inc.
**LATIGO BIOTHERAPEUTICS, INC. **
**SEVERANCE PLAN **
**AND **
**SUMMARY PLAN DESCRIPTION **
**APPROVED BY THE BOARD OF DIRECTORS: July 13, 2026 **
1. Introduction. The purpose of this Latigo Biotherapeutics, 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). 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 which the Plan is maintained and the
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