Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 84

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 84
---
 or without cause, no severance or accelerated vesting provisions were triggered. Mr. Klein is not entitled to any payments upon his termination, other than amounts due to him in his role as Special Advisor to the Board. As outlined above, on July 9, 2025, Ms. Hong was terminated from the Company “without cause” under the terms of the Hong Agreement. Subject to Ms. Hong’s compliance with the terms of the Hong Agreement including Ms. Hong’s entry into the Hong Separation Agreement, Ms. Hong is entitled to payment in the amount of $1,168,643 representing 18 months base salary plus one and a half times the average actual amounts paid as short-term annual incentive performance bonuses to Ms. Hong during the prior two years. Ms. Hong was also entitled to payment of her retention bonus of US$150,000 pursuant to the retention agreement entered into with the Company on August 19, 2024, which was paid on July 15, 2025. Pursuant to her Separation Agreement, Ms. Hong is also entitled to a payout of unused accrued vacation pay in the amount of US$15,522, which was paid on July 15, 2025. In addition, if Ms. Hong elects to continue coverage under the Company’s medical plan pursuant to the COBRA, a reimbursement to Ms. Hong for a portion of COBRA premium payments may be required. The following table sets forth the estimated payments and benefits to each of our NEOs (other than Ms. Hong, whose termination payments are discussed above) in the event of a termination without cause, assuming such termination occurred on March 31, 2025, and there was no change-in-control, based on the terms of their respective employment agreements in effect as of that date:

| ​ | ​ | Termination Without Cause |   |   |   |                  |   |   |   |                           |   |   |   |                 |   |   |   |            | ​ | ​ |
| ​ | ​ | Individual                | ​ | ​ | ​ | Cash Payment ($) | ​ | ​ | ​ | Accelerated Awards ($)(3) | ​ | ​ | ​ | Benefits ($)(4) | ​ | ​ | ​ |  Total ($) | ​ | ​ |
| ​ | ​ | Luc Mongeau | CEO         | ​ | ​ | ​ | $1,081,749(1)    | ​ | ​ | ​ |                         - | ​