Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 39

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 39
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 Plan, that are valued by reference to, or otherwise relate to, shares of common stock. Such awards would be subject to the terms of the 2025 Plan, and such conditions as are determined by the Committee.

Cash Awards . Cash awards are denominated in shares or cash and payable in cash, subject to terms and conditions consistent with the terms of the 2025 Plan, as determined by the Committee.

Minimum Vesting Period. Awards granted under the 2025 Plan are subject to a minimum one-year period prior to the vesting, distribution and/or exercisability thereof, except for awards that are accelerated in connection with a participant's death, disability, or termination of service without cause, for good reason or for retirement; awards granted in settlement of an obligation to pay cash; awards granted to match employee deferrals under a deferred compensation plan maintained by the Company; awards granted to non-employee directors that vest on the earlier of the one-year anniversary of the date of grant and the next annual shareholders meeting; substitute awards issued in connection with the merger or acquisition of another company with or into Mercury or a subsidiary; replacement awards issued in connection with a change-in-control; or other awards that, in the aggregate, provide for the issuance of up to 5% of the total number of shares authorized for issuance under the 2025 Plan.

Limit on Non-Employee Director Pay . Compensation payable to any non-employee director, including the grant date fair value of awards granted under the 2025 Plan, may not exceed $1 million during any one-year period of service from each annual shareholders meeting.

Detrimental Activity. The Committee may cancel, rescind, or otherwise limit or restrict any award to a participant if the participant engages in detrimental activities, including disclosing or using confidential information without permission, refusing to assign inventions to the Company, engaging in an activity that results in a termination for cause, materially violating any internal policies of the Company, or being convicted of, or pleading guilty to, a crime. In the event the Committee so acts, the participant must promptly repay to the Company the value of any shares, cash, or property attributable to vestings, distributions, or exercises of awards that occurred following the participant's engagement in any such detrimental activity.

Dividends and Dividend Equivalents . The Committee may grant awards that accrue dividends or dividend equivalents, but dividends and dividend equivalents may not be accrued on stock options or stock appreciation rights, and cannot be paid on other awards until the underlying shares are earned,