Company: SYY
Filing Date: 2025-10-02
Form Type: DEF 14A
Source: 0000096021-25-000147
Chunk: 51

Company: SYSCO CORP
Filing Date: 2025-10-02
Form: DEF 14A
Chunk 51
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 cause or for good reason. Employee Benefits Sysco offers a comprehensive employee benefits package to eligible employees, including NEOs, which includes a 401(k) retirement savings plan, an employee stock purchase plan, group life insurance, and other health and welfare benefit plans. While NEOs have access to the same health and welfare benefits as other employees, their medical coverage contributions premiums are based on salary levels resulting in higher contributions than other employees. For the 401(k) plan, Sysco contributes 3% of an employees’ eligible earnings, regardless of whether the employee makes their own contributions, and matches $0.50 for every dollar contributed by the employee on the first 6% of eligible earnings. Sysco also maintains a pension plan, closed to non-union participants since December 31, 2012, with Mr. Bertrand as the only current NEO participant. Perquisites The CLD Committee supports providing limited perquisites for NEOs in alignment with Sysco’s compensation philosophy. In addition to the standard benefits available to all employees, NEOs are eligible for supplementary benefits, which include additional life insurance, accidental death and dismemberment (AD&D) insurance, long-term care insurance and reimbursement for the cost of an annual comprehensive wellness examination. Mr. Hourican is also entitled to receive additional benefits outlined in his offer letter. These include reimbursement for tax and financial planning services, as well as security monitoring services. Furthermore, based on the findings of an independent, third- party security assessment commissioned by the CLD Committee, and in the interest of ensuring Mr. Hourican’s safety and security, the CLD Committee has approved the provision of safety and security measures, including Mr. Hourican’s use of company- provided aircraft for limited personal travel, subject to a maximum incremental cost that was pre-established by the CLD Committee, and usage of a secure company-provided vehicle, along with a professional driver for commuting. The incremental costs incurred by Sysco for these benefits have been determined to be necessary for Mr. Hourican’s personal safety and security. These benefits are disclosed in the “All Other Compensation” column of the Summary Compensatio n Table. The CLD Committee continually evaluates these benefits to ensure they remain appropriate and aligned with Sysco’s overall executive compensation philosophy. Section 409A of the Internal Revenue Code Section 409A of the Code imposes specific regulations on deferred compensation arrangements, focusing on the timing of payments, the election of deferrals, and the restrictions on the acceleration of payments. Although Sysco does not guarantee