Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 21

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 21
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 and Klein will hold office from the date of their election by our stockholders until the 2028 annual meeting of stockholders or until the election and qualification of their respective successors, subject to their earlier resignation, removal or death. Investor Rights Agreement Pursuant to the Investor Rights Agreement, Messrs. James and Janki were designated to serve on the Board by Delta, and Messrs. Klein and Zirkin were designated to serve on the Board by CK Wheels. The Company and each Investor agreed that pursuant to the Investor Rights Agreement, it will use its best efforts to cause the Board to be comprised of 12 directors, including certain Investor designees, as described in the Investor Rights Agreement. Each Investor will continue to have the right (as to itself only) to designate directors to the Board as specified with respect to such Investor in Section 6.01 of the Investor Rights Agreement, including the minimum ownership requirements described therein. In addition, each Investor generally has the exclusive right to remove its nominees from the Board and designate directors for election or appointment, as applicable, to the Board to fill any vacancies for its respective director designees. The shares of Common Stock held by the Investors that have the right to designate directors pursuant to the Investor Rights Agreement are expected to be voted on the Proposals to the extent their voting rights are not subject to the Voting Limitations as described in this Proxy Statement. Although there is no voting agreement in place among the Investors that have the right to designate directors pursuant to the Investor Rights Agreement, we expect them to vote in favor of this Proposal No. 1 to reelect each of Messrs. Zirkin, James, Janki and Klein as Class I directors.

| 10Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS PROPOSAL NO. 1—ELECTION OF DIRECTORS (continued) Unless the Board determines that vacancies, including vacancies created by increases in the number of directors, will be filled by our stockholders or pursuant to the Investor Rights Agreement, and except as otherwise provided by law, vacancies on the Board may be filled only by the affirmative vote of a majority of the remaining directors. A director elected by the Board to fill a vacancy, including a vacancy created by an increase in the number of directors, will serve for the remainder of the full term of the class of directors in which the vacancy occurred and until their successor has been elected and qualified. Vote Required Directors are elected by a plurality of the votes