Company: ALIT
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001809104-25-000159
Chunk: 77

Company: Alight, Inc. / Delaware
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 77
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1, Alight Solutions entered into (i) an amended and restated employment agreement with Stephan Scholl, the then CEO of Alight Solutions and the Company (the “Scholl Agreement”) and (ii) an employment agreement with Katie Rooney, the then Chief Financial Officer of Alight Solutions and the Company (the “Rooney Agreement”). The Guilmette Agreement Under the terms of the Guilmette Agreement, Mr. Guilmette serves as our CEO and Vice Chair. His initial term of employment will be approximately three years, from August 20, 2024 through December 31, 2027, which term will automatically extend for successive one- year periods unless either party provides written notice not to extend the term. Mr. Guilmette receives a base salary of $870,000 per year, which may be increased (but not decreased) from time to time by the Board and is eligible to receive an annual bonus targeted at 200% of his base salary. Pursuant to the Guilmette Agreement, Mr. Guilmette is also entitled to (i) reimbursement by Alight Solutions for costs associated with his use of private aviation for business-related domestic trips to the Company’s headquarters in Chicago, Illinois from Mr. Guilmette’s principal place of employment in Nashville, Tennessee or for other business related domestic trips, and (ii) travel first-class on any commercial flight for business purposes. As more specifically described and set forth in the Guilmette Agreement, Mr. Guilmette is also eligible to receive severance benefits following certain terminations of his employment. Upon a termination of Mr. Guilmette’s employment by us without “cause” or by Mr. Guilmette for “good reason” (as each term is defined in the Guilmette Agreement), Mr. Guilmette will be entitled to receive the following payments and benefits, subject to his timely execution and non-revocation of a general release of claims: (i) a severance payment equal to 1x base salary in the case of a termination without cause or termination for good reason on or prior to December 31, 2025 and 2x base salary in the case of a termination without cause or termination for good reason after December 31, 2025 on or prior to January 1, 2026; (ii) a pro-rata portion of his annual bonus for the year in which the termination occurs based on actual results for such year; and (iii) continued participation in our group health plan