Company: TDY
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001193125-25-042748
Chunk: 91

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 91
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 of 50% or more of the members of the Board or any class of the Board, or (4) a merger, consolidation, share exchange, division or sale or other disposition of assets of the Company occurs as a result of which the stockholders of the Company immediately prior to such transaction do not hold, immediately following such transaction, a majority of the voting power of the surviving, acquiring or resulting corporation.

| 78 |     | TELEDYNE TECHNOLOGIES INCORPORATED | 2025 Proxy Statement |

Potential Payments Upon Termination or a Change in Control (continued) The paragraphs below explain the impact on our executive compensation programs for named executives of various change in control and termination scenarios other than a termination that would trigger the benefits under the Change in Control Severance Agreements. Annual Incentive Plan The following is a summary of the terms of awards under our Annual Incentive Plan related to the treatment of awards upon termination of employment: If a participant’s employment is terminated before the end of a plan year for reason of death, disability, or normal or early retirement, the award will be calculated at the end of the plan year, based on their actual salary earned during the plan year, provided they were with the Company for at least six months during the plan year. If a participant’s employment is terminated during the plan year for any other reason, no award will be paid for the plan year. Stock Options The following table summarizes the terms of awards under our incentive plans related to the treatment of stock options upon termination of employment or upon a change in control:

| Change in Control or Termination Event |     | Treatment of Unvested Awards |     | Time to Exercise Vested Awards |
| Change in Control                      |     | Awards Fully Vest*           |     | Remainder of Term*             |
| Death                                  |     | Awards Fully Vest            |     | 12 Months                      |
| Disability                             |     | Continued Vesting            |     | Remainder of Term              |
| Retirement                             |     | Forfeiture**                 |     | Remainder of Term              |
| Other                                  |     | Forfeiture**                 |     | 30 Days**                      |

| * | Unless options are assumed or replaced by the successor company. |

| ** | The Mehrabian Employment Agreement provides that, starting with option grants made in 2019, in the event of separation of service by Dr. Mehrabian for any reason other than death, outstanding stock options shall continue to