Company: SPWH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054732
Chunk: 39

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 39
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 employment is terminated by us absent gross misconduct or without cause, as applicable, or by Mr. Stone with good reason, and such termination occurs on or within 12 months (or in the case of his time-based restricted stock units received on April 1, 2024, 24 months) after a change of control (as such terms are defined in the award agreement) of us, in addition to his benefits above under “Termination of employment without gross misconduct or with good reason”, any outstanding time-based restricted stock unit awards granted to him by us will become fully vested upon his termination.

Pursuant to Mr. Stone's award agreement for the performance-based restricted stock units he received in fiscal year 2024, if (1) a change of control (as such term is defined in the award agreement) had occurred before the first anniversary of the grant date and before the date Mr. Stone’s service with us terminated, and (2) Mr. Stone’s employment had been terminated by us without cause or by Mr. Stone with good reason (as such terms are defined in the award agreement) upon or following the change of control and before the first anniversary of the grant date, then, in addition to his benefits above under “Termination of employment without gross misconduct or with good reason”, Mr. Stone would have become fully vested in the target number of restricted stock units subject to the award, subject to Mr. Stone timely executing and not revoking a general release of claims in favor of us.

Restrictive covenants.Mr. Stone also entered into an Employee Confidential Information and Inventions Assignment Agreement (the “CIIAA”) that contains certain restrictive covenants including a confidentiality and non-disclosure agreement, a twelve-month post-termination non-competition clause, a twelve-month post-termination non-solicitation of employees or independent contractors clause, and a non-disparagement clause.

Jeff White

On September 26, 2021, we entered into a severance agreement with Mr. White. The agreement provides that Mr. White’s employment may be terminated by us or by Mr. White for any reason at any time, with or without notice. The severance agreement and the award agreements for Mr. White’s equity awards provide for certain benefits to be paid to him in connection with a termination of his employment with us and/or a change in control of us under the following circumstances:

Termination of employment for death, incapacity or gross misconduct or without good reason.In the event that Mr. White’s employment