Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 45

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 45
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 as well as non-disparagement restrictive covenant and applicable clawback policies. Mr. Anversa’s departure in September 2024 was a voluntary resignation without Good Reason, and therefore, Mr. Anversa received no severance payments, and all outstanding and unvested equity awards were forfeited. In connection with the completion of her foreign secondment assignment, on and effective December 13, 2024, the Company terminated Ms. Xu from her role as the Company’s Senior Vice President and General Manager, Asia Automotive. Ms. Xu remained as a non-executive employee of the Company through December 31, 2024 to support the orderly transition of her responsibilities. In accordance with her offer letter and the Severance Plan, Ms. Xu was eligible to receive the severance benefits specified for a termination without Cause. Her severance benefits were contingent on compliance with non-competition, non-solicitation and non-disparagement restrictive covenants, and applicable clawback policies. 69 | 2025 PROXY STATEMENT See “Named Executive Officer Compensation Tables–Potential Payments Upon Termination or Change in Control” for information regarding the severance arrangements and benefits for Mr. Eyler and Ms. Xu, as well as potential severance and benefits to the other NEOs upon termination of employment with the Company (including upon or subsequent to a change in control). Other than the Deferred Compensation Plan and the 401(k) Plan described below, the Company does not provide or maintain any post-retirement medical benefits, non-qualified deferred compensation plans or retirement or pension plans for the NEOs. PSU Awards Outstanding During The Year Ended December 31, 2024 The following PSU awards were outstanding during the year ended December 31, 2024, with the percentage representing the percentage of grant value of the target PSUs:

| Award | Adjusted EBITDA Margin (75%)Performance Period | Relative Revenue Growth (25%)Performance Period |

| 2024 Award                                                                                                                                                                     | Annual periods in 2024, 2025 and 2026 (each25% weighted) and pre-established three-year period ending 12/31/2026 (25% weighted)* | Three-year period ending 12/31/2026* |
| *At end of performance period, aggregate payout of two metrics will be subject to achievement of rTSR modifier, which is calculated over a three-year period ending 12/31/2026 |                                                                                                                                  |                                      |

| Award | Relative TSR (20%) Performance