Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 34

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 34
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 payments and benefits for our NEOs, including retirement, change in control severance, termination for cause, involuntary termination not for cause, and death or disability. These are discussed under “Potential Payments upon Employment Termination or Change in Control” in the Executive Compensation section of this Proxy Statement. Post-termination compensation provides for our executive officers’ short-term (termination or change in control) or long-term (retirement) security should their employment end. In the event of involuntary termination, post-termination compensation provides an interim financial resource to the executive during the transition from Pursuit employment.

Retirement Income and Savings Plans

In connection with the 2004 MoneyGram spin-off, MoneyGram became solely responsible for paying annual retirement benefits to all executives who participated in the MoneyGram Pension Plan and related SERP. As of the spin-off date, MoneyGram assumed all liability for pension benefits for employees participating in the MoneyGram Pension Plan and related SERP, including Ms. Ingersoll. In addition to the retirement benefits paid by MoneyGram under the MoneyGram Pension Plan and related SERP, Ms. Ingersoll also received retirement benefits from Pursuit under a Defined Contribution SERP, which the Company established in 2013 to replace the annual payment of lump-sum cash awards, including tax gross-ups, previously made to certain SERP participants. The lump-sum awards were instituted in 2005 in connection with the MoneyGram spin-off in 2004, at which time the credited service benefits for the MoneyGram SERP participants were frozen and were made solely in lieu of our accruing pension benefits for Ms. Ingersoll and other MoneyGram SERP participants. Ms. Ingersoll is the only NEO who participates in the Defined Contribution SERP, or the MoneyGram Pension Plan and related SERP.

All eligible U.S. employees may participate in the Pursuit Attractions and Hospitality, Inc. 401(k) plan (the “401(k) Plan”). In addition, Messrs. Barry, Moster, Linde, and Stelmach, and Ms. Ingersoll were eligible to participate in the Pursuit Attractions and Hospitality, Inc. supplemental 401(k) plan (the “Supplemental 401(k)”) in 2024, which provided for additional employee contributions over the annual limits set by the Internal Revenue Code of 1986, as amended (the “Code”) for the 401(k) Plan, plus company matching contributions on the same percentage as the 401(k) Plan.

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