Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 106

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 106
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 Mr. Ghazi in the event of termination in connection with a change of control as of November 2, 2024, he would be entitled to receive his entire annual bonus, given that he would have worked the entirety of fiscal 2024 as of such date.

(3) The last day of our fiscal 2024 was Saturday, November 2, 2024. The Executive Change of Control Severance Benefit Plan provides for participants to receive their target cash incentive payment plus a prorated portion of such payment based on the number of days the participant has served during the fiscal year by the time the termination occurs. Accordingly, for purposes of determining the amount of the cash-based incentive awards payable to Messrs. Mahoney and Runkel and Ms. Glaser in the event of their terminations in connection with a change of control as of November 2, 2024, each would be entitled to two times their target cash incentive payment, given that each would have worked the entirety of fiscal 2024 as of such date.

Potential Payments upon a Change of Control

Pursuant to our equity plans, all of our employees receive full acceleration of the vesting of any unvested stock options or stock awards in the event that such equity awards are not assumed, continued or substituted by the surviving or acquiring company following a change of control of Synopsys. The table below outlines the potential payments and benefits payable to each NEO in the event of a change in control of Synopsys in which equity awards are not assumed, continued or substituted, as if the change of control had occurred as of November 2, 2024, the last day of fiscal 2024. Vesting acceleration of equity awards if such equity awards are not assumed, continued or substituted is the only benefit provided to our NEOs in the event of a change of control in which the executive is not involuntarily terminated or does not resign for good reason or on account of constructive termination, as applicable.

| Name                |     | Intrinsic Value of 
 Unvested Stock     
 Awards ($)(1)      |            |     | Intrinsic Value of 
 Unvested Option    
 Awards ($)(1)      |           |
| Sassine Ghazi       |     |                    | 33,381,331 |     |                    | 2,779,355 |
| Dr. Aart J. de Geus |     |                    | 25,639,027 |     |                    | 3,600,397 |