Rallybio Corporation has announced a new employment agreement with its Chief Medical Officer, Dr. Steven Ryder, effective June 25, 2025. Under this agreement, Dr. Ryder will receive an annual base salary of $531,227 and will be eligible for an annual target bonus of up to 40% of his salary, contingent upon meeting individual and company performance goals. The agreement stipulates an initial one-year term, automatically renewing for successive one-year terms unless either party provides a 60-day notice to terminate. In the event of termination following a change in control, Dr. Ryder will be entitled to severance benefits including a 1.5 times payment of his annual salary and target bonus, plus health premium coverage, and immediate vesting of certain equity awards.
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