Company: CIFRW
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001819989-25-000027
Chunk: 40

Company: Cipher Mining Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 40
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, such earned PSUs will become fully vested upon the executive officer’s termination of service for any reason other than for “cause” or due to voluntary resignation without “good reason."

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#### Other Elements of Compensation
Retirement Plans . We currently maintain a 401(k) retirement savings plan for our employees, including our named executive officers, who satisfy certain eligibility requirements. The Internal Revenue Code of 1986, as amended (the “Code”) allows eligible employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions to the 401(k) plan. In 2023, we began providing matching contributions made to the 401(k) plan by our employees, including our named executive officers, up to 4% of their eligible annual compensation. The amount of matching contributions made to each of our named executive officers’ 401(k) accounts in 2024 is as follows: Mr. Page, $13,800; Mr. Farrell, $12,925; Mr. Kelly $13,800; and Mr. Iwaschuk, $5,250. We do not maintain any defined benefit pension plans or deferred compensation plans for our named executive officers.

Employee Benefits and Perquisites . All of our full-time employees, including our named executive officers, are eligible to participate in our health and welfare plans, including:

• medical, dental and vision benefits;

• medical and dependent care flexible spending accounts;

• short-term and long-term disability insurance; and

• life and accidental death & dismemberment insurance.

No tax gross-ups . We generally do not provide tax gross-ups to our named executive officers.

Employment Agreements with our Named Executive Officers

On May 11, 2021, we entered into employment agreements with each of our named executive officers (the “Executive Employment Agreements”). Each Executive Employment Agreement will remain in effect through May 11, 2025, and thereafter will automatically renew annually unless either party gives notice of non-renewal. The Executive Employment Agreements provide for an initial annual base salary of $300,000 for Mr. Page and $200,000 for each of Messrs. Farrell, Kelly and Iwaschuk, which, in each case, shall be reviewed annually by the Compensation Committee and may be increased by the Compensation Committee in its sole discretion. Beginning in 2022, each named executive officer became eligible to earn a discretionary cash bonus under any of our bonus plan then in effect, subject