Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 120

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 120
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 a conditional right to receive Terra Ordinary Shares in the capital of Terra based on specific performance targets. For each vested PSU the holder is entitled to receive one Terra Ordinary Share. Each RSU represents the right to receive one Terra Ordinary Share. Employment Agreements The following outlines the material terms of our employment agreements with the NEOs, in addition to the compensation set forth above, pending approval by the Compensation Committee: Annual Bonus Annual bonuses will be between 50% and 250% of base salary if annual performance goals are achieved, which may include company performance measures and individual goals that will be determined in the first quarter of every fiscal year. The annual bonus may be paid in cash, PSUs or a combination of cash and PSUs. If paid solely in cash only, the annual bonus will be between 50% and 100% of the base salary. If settled in part or in full in PSUs, the annual bonus will be between 100% and 250% of the base salary. The NEOs are allowed to determine the makeup of the annual bonus. The Compensation Committee may increase the short-term incentive payable for any given year in case of exceptional achievements. Termination Provisions The employment agreements for the NEOs will provide that if employment is terminated by Terra without “cause,” other than in connection with a change of control, the NEO will be entitled to severance consisting of:

| (i) | a lump sum equal to                         
 three years’ base salary plus target bonus; |

| (ii) | a pro-rated portion  
 of any annual bonus; |

| (iii) | continued medical,                              
 dental and vision coverage for up to 18 months; |

| (iv) | the continued vesting                                                                    
 of any outstanding equity-based compensation awards (other than performance-based equity 
 awards) as if the executive was still employed;                                          |

82

| (v) | any performance-based                                                                       
 equity awards, to the extent the performance criteria are met, which will be earned at 100% 
 of target, pro-rated based on the number of months executive worked during the performance  
 period; and                                                                                 |

| (vi) | the full vesting                     
 of all outstanding retention awards. |

If employment is terminated by the Company without “cause” or by the executive for “good reason,” each in connection with a change in control, the executive will be entitled to receive severance consisting of:

| (i) | a lump-sum equal to                       
 two years’ base salary plus target bonus; |

| (ii