Company: HSDTW
Filing Date: 2025-10-02
Form Type: PRE 14A
Source: 0001104659-25-096093
Chunk: 27

Company: Solana Co
Filing Date: 2025-10-02
Form: PRE 14A
Chunk 27
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, in each case, within twelve months following or three months prior to the effective date of a Change in Control, Mr. Andreeff shall receive (i) the Unconditional Entitlements, (ii) 2.0 times the sum of his annual base salary and target cash bonus, (iii) accelerated vesting of all equity awards that were assumed, continued or substituted by the surviving or acquiring corporation in the Change in Control and remain subject to time-based vesting conditions, if any, and (iv) the Conditional Benefits except the severance amount provided in the Andreeff Employment Agreement. During employment and for the one year period after termination, Mr. Andreeff is subject to non-solicitation and non-competition obligations. Jeffrey S. Mathiesen In connection with the company’s appointment of Mr. Mathiesen as Chief Financial Officer, Treasurer and Secretary on June 14, 2021, the Company entered into an Employment Agreement with Mr. Mathiesen (the “ Mathiesen Employment Agreement ”). The Mathiesen Employment Agreement has an initial term of three years beginning on June 14, 2021 and automatically renews for an additional one year period at the end of the initial term and each anniversary thereafter, provided that at least 90 days prior to the expiration of the initial term or any renewal term the Board does not notify Mr. Mathiesen of its intention not to renew. The Mathiesen Employment Agreement entitles Mr. Mathiesen to, among other benefits, the following compensation: • An annual base salary of $335,000, reviewed at least annually; 16 TABLE OF CONTENTS • An annual cash bonus in an amount of up to 40% of annual base salary, provided, that the Company may elect to pay up to 70% of any earned annual bonus in fully vested shares of common stock in lieu of cash; • Participation in equity-based long-term incentive compensation plans generally available to senior executive officers of the Company; • Participation in welfare benefit plans, practices, policies and programs (including, without limitation, medical, prescription, dental, disability, employee life, group life, accidental death and travel accident insurance plans and programs) made available to other senior executive officers of the Company; • Prompt reimbursement for all reasonable expenses in accordance with the plans, practices, policies and programs of the Company; and • 20 days of paid vacation, to be taken in accordance with the Company’s policies and practices. In the event that the Company consummates a transaction that constitutes a Change in Control (as