Company: G
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001140361-25-013031
Chunk: 69

Company: Genpact LTD
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 69
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 the PSU awards will vest on a pro-rated basis based on the target number of shares in the event of the recipient’s termination by reason of death or disability and based on actual performance in the event of the recipient’s termination by reason of retirement during the service period. As described above, under the employment agreements for our NEOs other than Mr. Tyagarajan, the PSU awards are subject to partial acceleration upon certain involuntary terminations without a change of control. Our PSU award agreements include a clawback provision that provides that we have the right to terminate the award and cancel any shares issued under the award and be paid any proceeds received by a named executive officer from the sale of shares issued under the award if such officer has breached any restrictive covenant contained in any agreement with the Company during employment or during the one-year period following termination of employment or if the Company is required to prepare an accounting restatement for any part of the performance period due to material noncompliance with financial reporting requirements under the U.S. federal securities laws which the Company determines is the result of fraud, negligence, or intentional or gross misconduct by the participant. Change of control Pursuant to the 2007 Plan and the 2017 Plan, unless otherwise provided in an individual award agreement, in the event of a change of control of the Company, existing awards may be assumed, substituted or continued. If the awards are not assumed, substituted or continued, then:

| • | any options and SARs outstanding as of the date the change of control is determined to have occurred will become fully exercisable and vested, as of immediately prior to the change of control; |

| • | all performance units and cash incentive awards will be paid out as if target performance levels had been attained, but pro-rated based on the portion of the performance period that elapses prior to the change of control; and |

| • | all other outstanding awards will automatically be deemed exercisable or vested and all restrictions and forfeiture provisions related thereto will lapse as of immediately prior to such change of control. |

The treatment of outstanding PSU awards in the event of a change of control is described above for the 2024 PSU awards. Unless otherwise provided pursuant to an award agreement, a change of control is defined to mean any of the following events, generally:

| • | during any period of twenty-four consecutive months, a change in the composition of a majority of our board of directors that is not supported by a majority of the incumbent board of directors; |

| • | the consummation of a merger,