Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 66

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 66
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 will receive (i) a lump sum cash payment in an amount equal to one-and-a-half times the executive’s annual base salary for the year in which the termination occurs, plus (ii) a lump sum payment in an amount equal to the sum of (A) any annual bonus earned in the plan year prior to the plan year in which the termination occurs and (B) the greater of a pro rata amount of a target annual bonus for the year in which the termination occurs or an amount equal to the average incentive bonus paid to the executive over the last three completed calendar years, based on the number of days elapsed in the year the termination occurs, plus (iii) a lump sum cash payment in an amount equal to the Company’s portion of premiums paid for continuation coverage for up to twenty-four months following termination of employment pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985. Following a Qualified Retirement, the executive will be entitled to receive a lump sum cash payment of a pro rata amount of the executive’s annual bonus for the year in which the Qualified Retirement occurs, based on the Company’s actual projected performance at the time of the Qualified Retirement.

| 2025 PROXY STATEMENT | 65 |

| EXECUTIVE COMPENSATION |

With respect to a Transaction Event Termination, pursuant to the Severance Plan, a Transaction Event is defined as:

| • | the dissolution or liquidation of the Company or a merger, consolidation, or reorganization of the Company with one or more other entities in which the Company is not the surviving entity;                                                                                                                                                                                                                                                                                                                                                                                         |
| • | a sale of all or substantially all of the assets of the Company to another person or entity; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| • | any transaction (including a merger or reorganization, in which the Company is the surviving entity), which results in any person or entity (other than persons who are stockholders or affiliates immediately prior to the transaction) owning 40% or more of the combined voting power of all classes of stock of the Company, including where, for the avoidance of doubt, a majority of the individuals who constitute the Board and the Company’s Officers immediately prior to the Merger of Equals remain in effective control of the Company following the Merger of Equals. |

Severance benefits in the event of a Transaction Event consist of:

| • | a single lump sum cash severance payment in an amount equal to the sum of (i) two times the executive’s base salary, and (ii)