Common use of Variable Incentive Clause in Contracts

Variable Incentive. The Company agrees to pay ▇▇▇▇▇▇ the year-end bonus (the “Variable Incentive”) that ▇▇▇▇▇▇ would have received for the year ending December 31, 2016. The magnitude and timing of the Variable Incentive payment will be in the same manner as to all other executive officers at Zymeworks at the discretion of the compensation committee of the Company’s Board of Directors (the “Compensation Committee”).