Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 111

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 111
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 successor entity or a parent or subsidiary thereof) agrees to continue or assume the Replacement Award. Without limiting the generality of the foregoing, a Replacement Award may take the form of the continuation of the applicable Replaced Award if the requirements of the preceding sentence are satisfied. The determination whether the conditions of this Section 10(c) are satisfied shall be made by the Committee, as constituted immediately before the Change-in-Control, in its sole discretion.

d. Termination of Service following Change-in Control. Upon a Termination of Service of a Participant by the Corporation other than for Cause or by the Participant for Good Reason within 12 months following a Change-in-Control: (i) all Replacement Awards held by such Participant shall vest in full and be free of restrictions, and (ii) any Stock Appreciation Right or Stock Option held by the Participant as of the date of the Change-in-Control that remains outstanding as of the date of such Termination of Service may thereafter be exercised until the expiration of the stated full Term of such Stock Appreciation Right or Nonqualified Stock Option; provided, that in the event the aggregate Fair Market Value of the Shares subject to accelerated vesting or exercisability under this paragraph (less any exercise price) exceeds $25,000 as of the date of the Termination of Service, then such accelerated vesting or exercisability shall be conditioned upon the Participant executing and failing to revoke during any applicable revocation period a general release of all claims against the Corporation and its Subsidiaries and Affiliates in a form reasonably acceptable to the Corporation or its successor within 60 days of such Termination of Service.

e. Definition of Change-in-Control. For purposes of this Plan, a "Change-in-Control" shall mean the occurrence of any of the following events:

i. Any "Person," as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Corporation, any of its Subsidiaries, or any trustee, fiduciary or other person or entity holding securities under

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any employee benefit plan or trust of the Corporation or any of its Subsidiaries), together with all "affiliates" and "associates" (as such terms are defined in Rule 12b-2 under the Exchange Act) of such person, shall become the "beneficial owner" (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the