Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 177

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 177
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 be terminated at an earlier date by vote of the stockholders or the Board; provided, however, that any such earlier termination shall not affect any Award Agreements executed prior to the effective date of such termination. Notwithstanding anything in this Plan to the contrary, any Options granted prior to the effective date of the Plan’s termination may be exercised until the earlier of (i) the date set forth in the Award Agreement, and (ii) in the case of an Incentive Option, ten (10) years from the date the Option is granted; and the provisions of the Plan with respect to the full and final authority of the Committee under the Plan shall continue to control.

| 3. | This Amendment shall be governed by the laws of the State of Delaware and construed in accordance therewith. |

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of StockholdersA-1 |

TABLE OF CONTENTS

APPENDIX B TEXT OF THE CCO PERFORMANCE PLAN WHEELS UP EXPERIENCE INC. PERFORMANCE AWARD AGREEMENT This Performance Award Agreement (this “ Agreement”) is made as of May 20, 2024 (the “ Grant Date”), between Wheels Up Experience Inc., a Delaware corporation (the “ Company”), and David Harvey (the “ Grantee”). WHEREAS, the Company desires to grant to the Grantee an award that is subject to both service and performance conditions (a “ Performance Award”), as provided herein; WHEREAS, the Performance Award will be granted apart from the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan (as it may be amended in accordance with the terms of the Plan from time to time, the “ Plan”), but, except as set forth below and Section IIIA of the Plan, will be subject to the same terms and conditions as set forth in the Plan to the extent applicable to this Performance Award; and WHEREAS, the Company and the Grantee understand and agree that any capitalized terms used herein, if not otherwise defined, will have the same meanings as in the Plan (the Grantee being referred to in the Plan as a Participant). NOW, THEREFORE, in consideration of the forgoing and following mutual covenants and for other good and valuable consideration, the parties agree as follows:

| 1. | Grant of a Performance Award. The Company grants to the Grantee a Performance Award that provides the Grantee with the right to receive a distribution of a number of shares of Common Stock (“Shares”), subject to the prior (