Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 68

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 68
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 uses their best business judgment to determine the amount of each NEO's actual cash incentive awards, based on:

• a pre-determined payout formula provided in the EIP to calculate the amount of potential cash incentive payments,

• management's recommendations to the Compensation Committee regarding individual performance,

• Synopsys' achievement of other financial goals, product milestones or strategic goals,

• cross-functional teamwork and collaboration,

• unforeseen changes in the economy and/or geopolitical climate, and

• any other factors deemed material by the Compensation Committee.

The cash incentive targets, performance goals, payout matrices and payout formula for fiscal 2024 are described in the sections that follow.

Fiscal 2024 Cash Incentive Targets. A cash incentive target is the amount of cash incentive compensation that an NEO could earn if we achieve our performance goals. Targets are expressed as a percentage of the NEO’s base salary. In reviewing targets, our Compensation Committee takes into consideration:

• each NEO’s role and responsibilities,

• our financial performance projections,

• the budget for the coming year,

• pay at comparable companies,

• historical compensation levels, and

• the resulting total target compensation that can be earned given the individual’s base salary and related target incentive opportunity.

We did not increase the cash incentive target for any of our current NEOs for fiscal 2024, and Dr. de Geus did not participate in the cash incentive program for fiscal 2024 following his transition from Chief Executive Officer to Executive Chair. The cash incentive targets for each of our NEOs, other than Dr. de Geus, for fiscal 2024 as compared to fiscal 2023 are summarized below. For fiscal 2024, in no event could an actual cash incentive payment to any NEO exceed 225% of the NEO’s cash incentive target, the maximum funding level under the EIP.

| NEO                 |     | FISCAL 2024 CASH 
 INCENTIVE TARGET 
 (% OF SALARY)    |     |     | FISCAL 2023 CASH 
 INCENTIVE TARGET 
 (% OF SALARY)    |     |     | CASH INCENTIVE  
 TARGET INCREASE 
 (%)             |   |     | PRIMARY REASONS FOR THE CHANGE |
| Sassine Ghazi       |     |                  | 200 |     |                  | 200 |     |                 | — |     | No increase.                   |
| Shelagh Glaser      |     |                  | 100 |     |                  | 100 |     |                 | — |