Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 49

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 49
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 respect to 2024, under the Six-Month LIP. Pursuant to the terms of his offer letter of employment, Mr. Wood was not eligible to receive a bonus under the LIP in respect of fiscal year 2023. For a more detailed description of the 2024 LIP and Six-Month LIP, see “—Annual Incentive Bonuses.” |

| 5. | This amount represents: (i) Array's contributions to Mr. Hostetler’s account under the Retirement Plan in the amount of $13,800; (ii) incremental cost to Array of annual physical examination perquisite in the amount of $4,295 and (iii) term life insurance premiums paid by Array in the amount of $1,290. |

| 6. | This amount represents: (i) salary severance payments to which Mr. Wood is entitled in the amount $475,000 in connection with Mr. Wood's transition and separation from service, which amount is payable over 12 months following his termination; (ii) an amount equal to Mr. Wood’s target annual bonus for 2024, pro-rated to reflect the portion of the year he was employed ($266,701); (iii) reimbursement of legal fees associated with the negotiation of Mr. Wood’s Transition Agreement ($10,000); (iv) the aggregate amount of Mr. Wood’s COBRA premiums paid or payable by the Company, which amount is payable over 12 months following his termination ($23,113); and (v) Array's contributions to Mr. Wood's account under the Retirement Plan in the amount of $13,800. For additional details, see the “—Payments and Benefits in Connection with Mr. Wood’s Separation.” |

| 7. | This amount represents: (i) Array's contributions to Mr. Manning's account under the Retirement Plan in the amount of $13,800; and (ii) term life insurance premiums paid by Array in the amount of $690. |

| 8. | This amount represents: (i) Array's contributions to Mr. Collin's account under the Retirement Plan in the amount of $13,800; (ii) term life insurance premiums paid by Array in the amount of $1,980 and (iii) incremental cost to Array of annual physical examination perquisite in the amount of $1,908. |

| 9. | This amount represents: (i) Array's contributions to Mr. Zhu's account under the Retirement Plan