Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

2021 Performance Bonus Payments

On January 27, 2022, the Compensation Committee (the Committee) of the Board of Directors of Eliem Therapeutics, Inc. (Eliem, or the Company) reviewed the achievement of Company and individual performance goals and other factors deemed relevant by the Committee in determining the amounts earned by Eliem's named executive officers under its performance bonus program for 2021. The following table sets forth the 2021 performance bonuses, which will be paid during 2022:





                                                                          2021
                                                                       Performance
Name and Principal Position                                            Bonus Award
Robert Azelby                                                         $     330,000

President and Chief Executive Officer and Director Erin M. Lavelle

$     222,750
Chief Operating Officer/Chief Financial Officer
Valerie Morisset, Ph.D.                                               £     124,913

Executive Vice President, Research and Development and Chief Scientific Officer

2022 Performance Bonus Program and Salary Increases

On January 27, 2022, the Committee approved annual base salaries and target bonus percentages for Eliem's 2022 performance bonus program for its named executive officers. The 2022 annual performance bonuses for each named executive officer, other than Mr. Azelby, will be based upon the achievement of Company performance goals and individual performance goals. Mr. Azelby's annual performance bonus will be based solely upon the achievement of Company performance goals. The Company performance goals will be established by the Board of Directors at a later date. The individual performance goals will consist of a subjective assessment of each named executive officer's individual contributions to Eliem. The following table sets forth the base salary and target performance bonus percentages for 2022:





                                                                               2022 Target
                                                                               Performance
                                                                                Bonus as
                                                                              Percentage of
Name and Principal Position                       2022 Base Salary             Base Salary
Robert Azelby                                     $         675,000                       65 %
Chief Executive Officer and Director
Erin M. Lavelle                                   $         465,750                       45 %
Chief Financial Officer
Valerie Morisset, Ph.D.                           £         323,260                       45 %
Executive Vice President, Research and
Development and Chief Scientific Officer

Additional information regarding compensation of Eliem's named executive officers, including the factors considered by the Committee in determining compensation, will be included in the proxy statement for Eliem's 2022 Annual Meeting of Stockholders.





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