Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 41

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 41
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: Ghai ($1,432,500), Stokes ($2,100,000), Meisner ($1,200,000), and Phillips ($1,200,000). Under the plan, the following terms have the meanings set forth below:

| • | Cause                                                                                            
 generally means: (i) breach of any confidentiality, non-solicitation, non-competition            
 or other material provision of an agreement with the company, (ii) conduct that has the          
 potential to cause material harm to the company, (iii) an act of dishonesty, fraud, embezzlement 
 or theft, (iv) conviction of, or plea of guilty or no contest to, a felony or crime involving    
 moral turpitude, or (v) failure to comply with the company’s policies and procedures.            |

| • | Suitable                                                                                  
 position generally means a position providing at least 80% of the executive’s base salary 
 and annual incentive award opportunity. If the position is with the company, rather than  
 a successor employer in a business disposition or other third-party in an outsourcing     
 arrangement, the position must also be within 50 miles of the executive’s job location    
 and in the same career band.                                                              |

EMPLOYMENT AGREEMENT WITH MR. CULP. In July 2024, we entered into a new employment agreement with Mr. Culp to extend the term of his employment to December 31, 2027, or such later date as mutually agreed by the parties up to and through December 31, 2028. His new employment agreement provides for an annual base salary of $2.0 million effective July 1, 2024, an annual bonus target opportunity of 200% of his salary effective July 1, 2024, and, starting in 2025, annual long-term equity

incentive awards with a grant date fair value of $15.25 million. In connection with the extension of his employment, his prior Leadership Performance Share Award granted in August 2020 became vested in August 2024 due to meeting the service and performance conditions; the award achieved maximum performance. Pursuant to the new employment agreement, in July 2024, he received a grant of PSUs with a target of 310,289 shares (the CEO Incentive Grant). This award will be eligible to be earned in an amount between 0 and 150% of target, depending on performance, based on the compound annual growth rate for adjusted earnings per share