Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 169

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 169
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 Financial Officer, which provides for a term of employment through September 1, 2025 (subject to automatic renewal) unless
terminated by either party on 90 days’ notice. Under his employment agreement, Mr. Schalk is entitled to an annual base salary of $600,000, which has been increased to $630,000.28 for 2024. Additionally, pursuant to the terms of the
employment agreement, Mr. Schalk is eligible to receive an annual performance bonus with a target bonus amount of $100,000, with the achievement of such bonus to be determined by the Company’s board of directors, contingent upon
satisfaction of performance goals based on Mr. Schalk’s performance during the calendar year as well as the financial performance of the Company. For 2024, we paid Mr. Schalk an annual discretionary performance bonus of $1,500,000
based upon the achievement of 2024 individual and Company performance goals as determined by our board of directors in its discretion.

As
contemplated by his employment agreement, on February 14, 2023, we granted to Mr. Schalk an option to purchase 75,000 shares of our common stock, which vests in three equal annual installments on each of January 31 of 2024, 2025, and
2026, subject to Mr. Schalk’s continued employment or service through each vesting date as described further below in the discussion in the footnotes following the “Outstanding Equity Awards at Fiscal Year End” table
above. Any options granted pursuant to the agreement that are unvested at the applicable time will be deemed terminated if either party terminates the agreement for any reason prior to the end of the vesting schedule set forth therein. The agreement
includes non-solicit and non-compete restrictive covenants that apply for two years following termination of employment and includes
confidentiality/non-disclosure obligations.

Shannon Lucas. On September 13,
2021, we entered into an employment agreement with Mrs. Lucas, our Chief Risk Officer and Chief Operating Officer, which provides for a term of employment through September 13, 2025 (subject to automatic renewal) unless:
(1) terminated by Mrs. Lucas on 90 days’ notice; (2) terminated by the Company for “Cause” (as defined in the employment agreement) or (3) terminated by the Company without “Cause.” Under her employment
agreement, Mrs. Lucas is entitled to an annual base salary of