Company: WW
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087213
Chunk: 58

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 58
---
 compliance with certain confidentiality, non-competition, non-solicitation and no-hire covenants set forth therein. The confidentiality covenant has an indefinite term, whereas the non-competition, non-solicitation and no-hire covenants have a term of one year following termination.

Ms. Cooke is entitled to receive 12 months of base salary at the time of termination via salary continuation and 12 months of continued COBRA coverage under the Company’s group health plan (including dental), pursuant to the payment of an amount equal to the difference between the monthly COBRA premium cost and the monthly contribution paid by similarly-situated active employees in the event of her termination by the Company for any reason other than for “cause” (subject in each case to mitigation in the event she is employed by another company during the salary continuation period), subject to the execution and non-revocation of a general release of claims in favor of the Company and its affiliates.

Departure of Named Executive Officers

Sima Sistani, Former Chief Executive Officer

Ms. Sistani ceased serving as Chief Executive Officer of the Company effective September 27, 2024 and departed the Company on that same date (the “Sistani Departure Date”). In connection with her departure, Ms. Sistani received (or will receive if so indicated) the following payments and benefits associated with a termination without “cause” under her employment agreement with the Company as follows: (w) an amount equal to two times salary payable in substantially equal payments during the two-year period following such termination (the “Sistani Severance Term”) in accordance with the Company’s regular payroll practices; (x) with respect to her fiscal 2024 annual, performance-based cash bonus, subject to the satisfaction of the performance objectives applicable for fiscal 2024, an amount equal to the annual bonus otherwise payable to her, prorated based on the number of days she was employed during fiscal 2024, any such amount was paid in a lump sum in March 2025; and (y) with respect to her equity grants, (i) 50% of her unvested stock options with time-vesting criteria (“Time-Vesting Options”) and RSUs which were granted as her hiring awards vested upon her departure, and (ii) the vested Time-Vesting Options that were granted as part of her hiring awards will remain exercisable for the full seven-year term of such options, in each case, contingent upon Ms. Sistani’s execution and non-rev