Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 66

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 66
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 Under the CIC Plan
Generally, for purposes of the CIC Plan, a change in control is deemed to have occurred, subject to specific exceptions, if:

• Any person becomes a beneficial owner representing 50 percent or more of the combined voting power of the outstanding securities of Conduent;

• A majority of the Conduent Board is replaced under specific circumstances;

• There is a merger or consolidation involving Conduent unless (i) the directors of Conduent who were members of the Board immediately before the merger/consolidation continue to constitute a majority of the Conduent Board of Directors or (ii) the merger/consolidation is affected to implement a recapitalization and no person becomes the beneficial owner representing 50 percent or more of the combined voting power of Conduent’s then outstanding voting securities; or

• All or substantially all of Conduent’s assets are sold, or Conduent’s shareholders approve a plan of complete liquidation or dissolution.

Under the CIC Plan, a voluntary termination for good reason in the event of a change in control includes:

• The material diminution of authority, duties or responsibilities, including being an executive officer of Conduent before a change in control and ceasing to be an executive officer of the surviving company. The change in control benefits for this provision will only be triggered if the executive officer has not voluntarily terminated his/her employment and the “material diminution of authority, duties, or responsibilities” has occurred and not been remedied;

• A material reduction in annual base salary, annual target short-term incentive or employee benefits in the aggregate, except to the extent such reduction is consistent with an across-the-board reduction for employees;

• A material change in the geographic location where the executive is required to be based; or

• Failure of Conduent to obtain a satisfactory agreement from any successor to assume and agree to perform in a manner consistent with the change in control agreement.

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#### Equity Compensation Plan Information
The following table summarizes information with respect to equity awards under Conduent’s equity compensation plans as of December 31, 2024:

| Plan Category                                              |     |                  -A) 
 Number of Securities 
    to be Issued Upon 
          Exercise of 
          Outstanding 
    Options, Warrants 
         and Rights(1 |     | -B)               
 Weighted Average  
 Exercise Price of 
 Outstanding       
 Options, Warrants 
 and Rights(1      |     |                        -C