Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 603

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 603
---
or if she resigns for “good reason” (in each case, other than within twelve (12) months following a change in control), Ms.
Craig is entitled to (i) a cash payment equal to five (5) times the sum of her (x) annual base salary and (y) target bonus in effect
on her last day of employment; (ii) continuation of health benefits for a period of 24 months; (iii) a lump sum payment equal to the
amount of any annual bonus earned with respect to a prior fiscal year, but unpaid as of the date of termination; (iv) a lump sum payment
equal to the amount of annual bonus that was accrued through the date of termination for the year in which employment ends; and (v) subject
to Ms. Craig’s compliance with her restrictive covenants, the outstanding and unvested portion of any time-vesting equity award
that would have vested during the one (1) year period following Ms. Craig’s termination had she remained an employee shall automatically
vest upon his termination date.

In
the event that Ms. Craig’s employment is terminated due to her death or disability, she will be entitled to receive (i) a lump
sum payment equal to the amount of any annual bonus earned with respect to a prior fiscal year, but unpaid as of the date of termination;
(ii) a lump sum payment equal to the amount of annual bonus that was accrued for the year in which employment ends; and (iii) the acceleration
and vesting in full of any then outstanding and unvested portion of any time-vesting equity award granted to her by the Company.

In
the event that Ms. Craig’s employment is terminated due to her non-renewal or resignation without “good reason,” she
will be entitled to receive a lump sum payment equal to the amount of any annual bonus earned with respect to a prior fiscal year, but
unpaid as of the date of termination.

In
the event that Ms. Craig’s employment is terminated by the Company without cause, due to non-renewal by the Company, or if she
resigns for “good reason,” in each case within twelve (12) months following a change in control, Ms. Craig is entitled to
(i) a cash payment equal to ten (10) times the sum of her (x) annual base salary and (y) target bonus in effect on her last day of employment;
(ii) continuation of health benefits for a