Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 73

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 73
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 NEOs, in connection with certain Company-initiated terminations. |                                                                                                                                              |
| Under the U.S. Severance Plan and other programs:                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                              |
| ·                                                                                                                                                                                                                                                                                                                                                                                                            | No severance payout and forfeiture of unvested equity awards and vested unexercised stock options are required upon a for-cause termination. |

| · | Upon a without-cause termination, the maximum severance benefit is generally limited to 26 weeks of base pay, dependent upon length of service at time of termination, and is conditioned upon the employee’s general release of all claims against the Company. |
| · | The Company retains discretion to pay additional severance benefits.                                                                                                                                                                                             |

General Assumptions The table below shows the estimated payments and/or benefits in connection with the following events based upon the following assumptions. “ Voluntary Termination ,” which includes a NEO’s voluntary resignation, before or after meeting specified age and service requirements, and “ Involuntary-for-Cause Termination ,” which includes the Company’s termination of a NEO’s employment for reasons such as violation of certain Company policies or for certain performance-related issues. For purposes of this section, the specified “age and service” requirements are generally satisfied if a NEO terminates employment with the Company other than for cause after both (a) attaining age 55 (age 62 for awards made before 2019), and (b) completing at least 10 years of service. “ Involuntary Termination ,” which includes a termination other than for cause, but not including a termination related to a change-in-control of the Company. Terminations due to death or disability result in substantially the same treatment as an Involuntary Termination, except as otherwise described. A “ Change-in-Control ” of the Company, as defined under the plans and agreements described below. Generally, under these plans and agreements, a “change-in-control” means, (1) any consolidation or merger in which the Company is not the continuing or surviving corporation; (2) the liquidation of the Company or the sale of all or substantially all of the assets of the Company; (3) an acquisition by a person or group of more than 20% of the Company’s outstanding shares; or (4) a change in the majority composition of the Board not approved by two-thirds of the directors in office before the change. Set forth below after the table are narrative descriptions of payments and/or benefits that would have been provided, if any, related to each employment