Company: JUSHF
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001628280-25-019342
Chunk: 53

Company: Jushi Holdings Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 53
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 Mr. West
We entered into an employment agreement with Mr. West effective April 12, 2024. The employment agreement provided for, among other things, an initial base salary of $400,000, which could increase from time to time, a first year bonus of $200,000 provided Mr. West remained employed with the Company as Chief Operating Officer for one (1) year and was employed by the Company when such bonus is paid, and following Mr. West's first year with the Company a discretionary performance-based bonus that could have been paid by us in cash or equity and was subject to Board approval. Mr. West was also eligible, subject to approval by our Board or the Compensation Committee, for equity grants under the 2019 Equity Incentive Plan. The employment agreement included standard twelve (12)-month noncompetition and two (2)-year non-solicitation covenants. In the event Mr. West’s employment was terminated without cause prior to a change in control, he was entitled to receive a cash severance payment equivalent to twelve (12) months of his base salary paid in equal installments based on the Company’s regular payroll schedule, subject to his execution of a general release of claims in favor of the Company. In the event of a termination of Mr. West’s employment without cause upon a change in control or thereafter, he was entitled to twelve (12) months of his base salary paid in equal installments based on the Company’s regular payroll schedule in addition to full vesting of all outstanding equity grants, subject to his execution of a general release of claims in favor of the Company. Mr. West's employment with the Company was terminated on January 6, 2025.

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Securities Authorized for Issuance Under Equity Compensation Plans

The following table contains information about our equity compensation plan as of December 31, 2024:

| Plan category                                          |     |                                                                         Number of 
 securities to be issued upon exercise of outstanding options, warrants and rights |     |       Weighted-average exercise price of 
 outstanding options, warrants and rights |     |                                                                                                   Number of securities 
 remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
|                                                        |     |                                                                                -a |     |                                       -b |     |                                                                                                                     -c |
| Equity compensation plansapprovedby security holders   |     |                                                                     26,769,419(1) |     |                                 $0.79(2