Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 78

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 78
---
 value of PSU matching awards granted to DCMP plan participants in respect of their compensation deferrals because our matching awards are granted under the Mercury Systems, Inc. Amended and Restated 2018 Stock Incentive Plan. For further information concerning these awards, see the "Grants of Plan-Based Awards" and the "Outstanding Equity Awards at Fiscal Year-End" tables.

<div align='center'>64

Potential Payments upon Change in Control
or Termination of Employment</div>

Severance Arrangements; Effect of Termination of Employment upon Long-Term Incentive Awards

We have entered into employment and/or severance agreements with our executive officers that provide certain benefits in the event of a termination of employment by us without cause or by the executive officer for good reason. The terms of these agreements are described below.

| Benefit                                                                         |     | Standard Severance                                                                                                                                                      |     |                                                                                                                          |     | Change in Control Severance(1)                                                                                                                                                         |     |                                                                                                                                                                                                              |
|                                                                                 |     | Chief Executive Officer                                                                                                                                                 |     | Other Named                                                                                                              
 Executive Officers                                                                                                       |     | Chief Executive Officer                                                                                                                                                                |     | Other Named                                                                                                                                                                                                  
 Executive Officers                                                                                                                                                                                           |
| Qualifying Termination                                                          |     | Termination by company without cause (including in the case of the CEO, as a result of non-renewal of his employment agreement) or by executive officer for good reason |     |                                                                                                                          |     | Termination by company without cause or by executive officer for good reason within three months prior to or 24 months following a Change in Control                                   |     | Termination by company without cause or by executive officer for good reason within 18 months following a Change in Control or during a protected period triggered by a potential change in control event(2) |
| Cash Severance                                                                  |     | •24 months of base salary continuation                                                                                                                                  
 •Lump-sum payment of two times (2.0x) target bonus                                                                                                                      
 •Prorated payout of bonus for fiscal year in process, subject to full-year company performance                                                                          |     | •12 months of base salary continuation                                                                                   
 •Lump-sum payment of  target bonus                                                                                       |     | Lump-sum payment equal to three times (3.0x) the sum of:                                                                                                                               
 •annual base salary; and                                                                                                                                                               
 •target bonus                                                                                                                                                                          
 Prorated payout of bonus for fiscal year in process, credited at greater of target or actual performance to date                                                                       |     | Lump