Company: GSIT
Filing Date: 2025-07-17
Form Type: DEF 14A
Source: 0001104659-25-068655
Chunk: 43

Company: GSI TECHNOLOGY INC
Filing Date: 2025-07-17
Form: DEF 14A
Chunk 43
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 that was completed on or prior to September 30, 2024. • a lump sum cash payment of all bonuses earned by the participant in prior fiscal years but not vested and payable at the time of termination; • a lump sum cash payment of the pro rata portion of the participant’s bonus or anticipated bonus for the fiscal year in which the termination occurs (calculated as provided in the Plan) and 150% of such amount in the case of the Chief Executive Officer; • Medical, dental, vision and life insurance benefits for the same period covered by the participant’s base salary benefit; and • 100% acceleration of the participant’s equity awards assumed by an acquirer in connection with a change in control, effective upon termination (100% acceleration effective upon the change in control for awards not assumed). 29

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Benefits under the Restated Retention Plan are subject to withholding of applicable income and employment taxes. Participants are not entitled to any tax “gross up” in respect of excise taxes, if any, that might arise under the “parachute payment” provisions of the Internal Revenue Code and may be subject to a reduction in benefits if any such excise tax were applicable and the reduced benefit would maximize the net after-tax payment to the participant. No severance or change of control payments were made to any of our executive officers in fiscal 2025. The following table summarizes amounts that would have been payable to our named executive officers upon a termination of their employment qualifying for benefits under the Restated Retention Plan, assuming that such termination had occurred on March 31, 2025:

| ​               
 Name            | ​ 
 ​ | ​ 
 ​ | Cash Severance Payment 
 Based onSalary         |   |           |   | ​ | ​ | Based onBonus |   |         |   | ​ 
 ​ | ​ 
 ​ | ​                           
 Continued HealthBenefits(1) | ​ |       ​ | ​ | ​ 
 ​ | ​ 
 ​ | ​                               
 Acceleration ofStock Options(2) | ​ |      ​ | ​ | ​ 
 ​ | ​ 
 ​ | ​     
 Total | ​ |         ​ | ​ | ​ 
 ​ |
|:----------------|:--|:--|:-----------------------|:--|----------:|:--|:--|:--|:--------------|:--|--------:|:--|:--|:--|:----------------------------|:--|--------:|:--|:--|:--|: