Blaize Holdings Inc. has approved new Change in Control and Severance Agreements for certain senior executives, including Vice President of Platform Engineering Santiago Fernandez-Gomez and Chief Financial Officer Harminder Sehmi. Under the new agreements, executives terminated without cause or resigning for good reason in connection with a change in control will receive a lump sum severance equal to twelve months of base salary, a pro-rata portion of their target annual bonus, continued medical benefits, and immediate vesting of 100% of equity awards, with performance-based awards vesting at target level unless otherwise determined by the compensation committee. For non-change in control terminations, Mr. Sehmi will receive twelve months’ base salary and accelerated vesting of 50% of his time-vested equity. CEO Dinakar Munagala’s pending agreement will provide eighteen months’ base salary and medical benefits in a change in control scenario, and full vesting of time-based equity in non-change in control terminations. The agreements replace any previous severance arrangements.

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