Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 114

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 114
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 interest in these transactions may be deemed to be up to $486,265. Director and Officer Indemnification In connection with the consummation of the Business Combination and as contemplated by the Merger Agreement, we entered into indemnification agreements with each of our directors and executive officers. We continue to enter into similar indemnification agreements with our directors and executive officers as part of the onboarding process. Each indemnification agreement provides for indemnification and advancement by us of certain expenses and costs, if the basis of the indemnitee’s involvement was by reason of the fact that the indemnitee is or was our director, officer, employee or agent or a director, officer, employee or agent of any of our subsidiaries or was serving at our request in an official capacity for another entity, to the fullest extent permitted by the laws of the state of Delaware.

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders61 |

TABLE OF CONTENTS

DIRECTOR COMPENSATION Director Compensation Program The Company’s director compensation program is intended to provide a total compensation package that enables us to attract and retain qualified and experienced individuals to serve as directors and to align the directors’ interests with those of our stockholders. Under our director compensation program, we reward non-employee directors in the form of a combination of cash retainer fees, equity incentive awards granted under the Amended and Restated 2021 LTIP and flight hours, as set forth below. Directors who are our employees, or who are or were employees of Delta, CK Wheels or CIH or their respective affiliates during 2024 (each such director, a “Non-Compensated Director”) did not receive any compensation for their service on the Board during 2024, and any reference to director compensation entitlements below will be deemed to exclude such directors. The Board has approved our director compensation program and reserves the right to adjust the director compensation program at any time, including with respect to the amounts and terms of cash retainers, equity awards and flight hours. Cash Retainers Each director that is not a Non-Compensated Director (each, an “Eligible Director”) is eligible to receive an annual cash retainer in the amount of $50,000 for general availability and participation in meetings and conference calls of the Board. Additional amounts will also be payable for services performed as the Chairperson of the Board or for serving as a Board Committee Chair, as set forth in the table below. All cash retainers are paid in quarterly install