Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 99

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 99
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 security. These existing arrangements help ensure stability among our executive officer ranks and are designed to enable our executives to maintain a balanced perspective in making overall business decisions during periods of uncertainty.

#### Employee Benefits
We provide broad-based medical insurance, dental insurance, vision coverage, and accidental death and dismemberment insurance benefits to our employees, including our currently employed named executive officers. We also provide our employees, including our currently employed named executive officers, with the opportunity to participate in our 401(k) plan. We match eligible employee contributions dollar for dollar up to 5% of an employee’s salary, with a maximum match per

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employee of $17,250 in 2024. We believe these insurance and retirement savings benefits are consistent with practices of similarly sized companies and help to recruit and retain key talent at a minimal cost to us.

Sum of 70 Retirement and Benefits Upon Death or Disability

In 2022, we established a company-wide program that provides for accelerated vesting of RSU awards held by eligible participants who retire on or after the six-month anniversary of the RSU award’s grant date. To be an eligible participant, at the time of retirement, the employee must have attained (1) a minimum age of 55, (2) a minimum of 10 years of continuous service with us or one of our subsidiaries, and (3) a minimum of 70 combined years of age and continuous service with us or one of our subsidiaries. We refer to this as our “sum of 70” program.

With respect to awards granted under our performance-based RSU program, if an eligible participant retires prior to the applicable performance certification date, then his or her award will become fully vested based on the actual level of performance, as certified by the Compensation Committee, on such performance certification date. If the participant retires on or after the performance certification date but prior to the completion of any additional service-based vesting requirements, then his or her award, to the extent then-outstanding and unvested, will become fully vested on the date of such retirement.

With respect to RSU awards granted in 2023 or later, including RSUs granted in connection with our annual incentive bonus plan, unvested RSUs will accelerate upon a participant’s death or “disability” (as such term is defined in the 2015 Plan).

Beginning in 2025, our annual incentive bonus plan includes certain additional benefits that may be triggered upon a participant’s death, disability, or