Company: VUZI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040266
Chunk: 28

Company: Vuzix Corp
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 28
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 deductibility of compensation as one factor in determining executive compensation, the Compensation and Human Capital Committee retains the discretion to award compensation that is not deductible as it believes that it is in the best interests of our stockholders to maintain flexibility in our approach to executive compensation in order to structure a program that we consider to be the most effective in attracting, motivating and retaining our executive officers. Employment and Other Agreements We typically do not offer employment agreements and the only current employees with such an agreement are our CEO and CFO, both of which were entered into in 2007, and which are still effective. Our Equity Plan provides for the acceleration of the vesting of all unvested stock options and restricted stock awards in the event of a change-in-control, except for options issued under the March 17, 2021 LTIP, unless the administrator has made appropriate provision for the substitution assumptions, exchange or other continuation of the award pursuant to the Change-of-Control. 24 EXECUTIVE COMPENSATION SUMMARY COMPENSATION TABLE The following table sets forth information concerning total compensation earned or paid to our named executive officers for 2024 and 2023. More detailed information is presented in the other tables and in the footnotes to the table.

| Name and Principal Position            |     | Year |      |     | Salary 
 Paid   
 ($)    |         |    |     | Bonus or       
 Commission (4) 
 ($)            |         |     | Option     
 Awards (5) 
 ($)        |         |     | Stock 
 Award 
 ($)   |   |     | All Other    
 Compensation 
 ($)          |        |    |     | Total 
 ($)   |           |
|:---------------------------------------|:----|:-----|-----:|:----|:-------|--------:|---:|:----|:---------------|--------:|:----|:-----------|--------:|:----|:------|:--|:----|:-------------|-------:|---:|:----|:------|----------:|
| Paul Travers, President                |     |      | 2024 |     | $      | 376,761 | -1 |     | $              |  21,563 |     | $          | 618,125 |     | $     | — |     | $            | 19,979 | -6 |     | $     | 1,036,428 |
| and Chief Executive Officer            |     |      | 2023 |     |