Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 108

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 108
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 Transition Plan (the Severance Plan), which provides for severance benefits to designated key employees outside of a change of control and provides that in the event a participant is terminated without cause or resigns for good reason, such participant shall be entitled to (1) a cash severance payment equal to (i) one times his or her base salary and (ii) the cost of 12 months of COBRA premiums, and (2) six months of vesting acceleration of his or her equity awards that remain subject only to time-based vesting conditions. In addition, for qualifying terminations occurring in our third or fourth fiscal quarter, such participant shall remain eligible to earn an annual cash incentive award under the EIP based on actual results achieved or if lower, target, which will be pro-rated based on the number of months the participant served as a full-time employee during the applicable performance period. Such severance benefits are subject to certain conditions, including the provision of up to 9 months of part-time employment (at a greater than 50% rate with proportionately reduced base salary) at the sole discretion and request of Synopsys, compliance with certain non-compete, non-solicitation and non-disparagement provisions, and the execution of a release of claims against Synopsys.

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| PROPOSAL 4 — Advisory Vote to Approve Executive Compensation |

The table below outlines the potential payments and benefits payable to each NEO as if such NEO was terminated by Synopsys on November 2, 2024, the last day of fiscal 2024. The payments set forth below are payable to: (1) Mr. Ghazi pursuant to his 2024 Employment Agreement; and (2) Ms. Glaser, Mr. Mahoney and Mr. Runkel, in their capacity as executive officers, pursuant to the Severance Plan. Pursuant to his 2024 Employment Agreement, Dr. de Geus is not entitled to receive severance on account of terminations of employment occurring more than 90 days before, or more than 24 months following, a change of control of Synopsys.

| Name                   |     |           | Salary-Based Severance ($) | Cash-Based Incentive Award ($)(1) |           |     |        | Health and Welfare 
 Benefit ($)        | Intrinsic Value of 
 Unvested RSU       
 Awards ($)(2)      |           |     | Intrinsic Value of 
 Unvested Option    
 Awards ($)(2)      |