Company: CWAN
Filing Date: 2025-01-13
Form Type: 425
Source: 0001193125-25-004988
Chunk: 36

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-01-13
Form: 425
Chunk 36
---

Internal Revenue Service.

“Unvested Company RSUs” means a Company RSU that is not a Vested Company RSU.

“U.S. Employee Plan” means any Company Employee Plan that is maintained pursuant to or is subject to the laws of the United
States.

“Vested Company RSUs” means a Company RSU that is unexpired, outstanding, and vested as of immediately prior to
the Effective Time or that vests in accordance with its terms as in effect as of the date hereof as a result of the consummation of the Mergers.

“WARN Act” means the Worker Adjustment and Retraining Notification Act of 1988, 29 U.S.C. § 2101, et seq. or any
similar state or local Applicable Law.

19

“ Willful and Material Breach” means a material breach that is the consequence of an act or omission by the breaching party with the actual knowledge that the taking of such act or failure to take such act, or the failure to cure such breach, would cause or constitute such material breach. Section 1.02 Other Defined Terms. Each of the following terms is defined on the page set forth opposite such term:

| Acceptable Confidentiality Agreement   |     |  2 |
| Acquirer                               |     |  1 |
| Acquisition Proposal                   |     |  2 |
| Adverse Recommendation Change          |     | 77 |
| Affiliate                              |     |  3 |
| Aggregate Merger Consideration         |     |  3 |
| Agreement                              |     |  1 |
| AI Systems                             |     |  3 |
| Alternative Debt Financing             |     | 95 |
| Anti-Corruption Laws                   |     |  3 |
| Anti-Money Laundering Laws             |     |  4 |
| Antitrust Laws                         |     |  4 |
| Applicable Law                         |     |  4 |
| Authorization Letters                  |     | 96 |
| Business Day                           |     |  4 |
| Certificate of Merger                  |     | 25 |
| Certificates                           |     | 33 |
| Class A Common Stock                   |     |  4 |
| Class B Common Stock                   |     |  4 |
| Clearwater LLC                         |     | 65 |
| Closing                                |     | 25 |
| Closing Date                           |     |  4 |
| COBRA                                  |