Company: CRAI
Filing Date: 2025-07-22
Form Type: 8-K
Source: 0001104659-25-069644
Chunk: 4

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-22
Form: 8-K
Item: Item 5.02
Chunk 4
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 shall vest and be settled based on the actual performance
during the performance period (with (1) any time-based vesting that may be applicable in addition to the performance-based vesting
treated as fully satisfied upon the expiration of the performance period and (2) any individual performance metrics applicable to
the Executive Officer deemed achieved at the target level of performance); and any portion of such performance-based award that does not
vest based on actual performance during the performance period shall be immediately forfeited and cancelled by the Company.

If
the Executive Officer’s employment with the Company is terminated by the Company without Cause or by the Executive Officer for Good
Reason within 12 months of a Change in Control, then in addition to the Accrued Benefits, the Executive Officer will receive the following,
subject to his execution of a release of the Company: (i) a lump sum cash payment equal to the sum of (x) 1.5 times the sum
of the Executive Officer’s annual base salary and target bonus and (y) a pro-rata target annual cash bonus for the portion
of the then-current year and (ii) a lump cash payment equal to 12 months of COBRA and employer contribution for group term life insurance.
In addition, solely in respect of equity awards not assumed in a Change of Control, any unvested time-based equity awards held by the
Executive Officer will be fully accelerated and performance based equity awards shall be vested and settled at the end of the performance
period based on actual achievement of the performance goal during the period on a pro rata basis adjusted for portion of the performance
period.

Upon
Death, Disability or Retirement, the vesting of any unvested time-based equity awards held by the Executive Officer will be fully accelerated,
and any performance-based awards held by the Executive Officer shall remain outstanding through the applicable performance period and
shall be vested and settled at the end of the performance period based on actual achievement of the performance goal with time-based vesting
treated as fully satisfied at end of performance period and any individual performance metrics deemed achieved at the target level.

The
Executive Officer Severance Agreement also includes non-compete and employment non-solicitation covenants for 12 months post-termination
of employment.

The
foregoing description of the Executive Officer Severance Agreements is not complete and is qualified in its entirety by reference to the
full text of the Executive Officer Severance Agreements, which are attached hereto as Exhibits 10.1 and