Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 54

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 54
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. Harvey will be effective unless signed in writing by or on behalf of the Company and Mr. Harvey. In addition, no amendment will be effective unless approved by the Company’s stockholders to the extent stockholder approval is necessary to satisfy the requirements of the Internal Revenue Code, any federal or state law or regulation, or any securities exchange listing requirements.

| 28Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS Summary of the CCO Performance Plan (continued) Termination of the CCO Performance Plan The CCO Performance Plan generally may not be terminated by the Company, the Board or the Company’s stockholders. In addition, neither Article XXVI of the Amended and Restated 2021 LTIP, which is incorporated into the CCO Performance Plan, nor any other article of the Amended and Restated 2021 LTIP that is incorporated into the CCO Performance Plan that permits the Board or the Compensation Committee to do any of the following will apply to the CCO Performance Plan: (i) suspend vesting and/or settlement of the CCO Performance Plan; (ii) specify any additional terms, conditions and limitations for the grant of the CCO Performance Plan; (iii) cancel the CCO Performance Plan or provide for conditions or circumstances under which the CCO Performance Plan will be forfeited other than those expressly stated in the CCO Performance Plan; (iv) apply performance goals or performance criteria other than those specified in the CCO Performance Plan or reduce the amounts payable under the CCO Performance Plan; (v) cancel any unpaid or deferred portion of the CCO Performance Plan or any portion thereof for any reason other than our Chief Commercial Officer is not in compliance with the CCO Performance Plan as so determined and decided by an appropriate court of final jurisdiction; or (vi) settle the CCO Performance Plan other than in shares of Common Stock or cash. Clawback/Recovery The CCO Performance Plan is subject to recovery under any law, government regulation or stock exchange listing requirement or the Recoupment Policy and will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement. In addition, the Administrator may cancel any unexpired, unpaid, unexercised or deferred award at any time if our Chief Commercial Officer is not in compliance with the CCO Performance Plan, including certain restrictive covenants. Furthermore, the Administrator may require our Chief Commercial Officer to return to