Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 65

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 65
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 named executive officer and his or
her eligible dependents under the Company’s healthcare plan during the 18-month period following the named executive officer’s
termination of employment.

| (b) | Termination Without Cause/Resignation for Good Reason |

The following incremental benefits
would be paid to a named executive officer in the event he or she is terminated without Cause (other than within six months before or
24 months following a Change in Control) or by such named executive officer for Good Reason (other than within 24 months following a Change
in Control):

(1) Severance:
For each of the named executive officers, a payment equal to 1.0 times the sum of (a) his or her then current base salary and (b) the
greater of (x) Target Cash Bonus or (y) his or her average Annual Cash Bonus awarded for the three most recent calendar years.

(2) Value of Accelerated and Continued Equity Awards: For each executive the amount represents the aggregate value resulting from the (a) immediate
full vesting of all outstanding equity-based compensation previously granted in connection with his Annual Bonus other than the PSUs;
and (b) continuing vesting of outstanding PSUs previously granted, subject to the achievement by the Company of applicable performance
goals and the applicable award agreement.

For purposes of these tables, we
have assumed that the target performance metric with respect to the PSUs has been achieved.

(iii) Other Benefits:
For each of the named executive officers, 100% of the COBRA premiums incurred by such named executive officer and his or her eligible
dependents under the Company’s healthcare plan during the 12-month period following the named executive officer’s termination
of employment.

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| (c) | Termination/Resignation upon Change in Control |

The following incremental benefits
would be paid to a named executive officer in the event of (1) the termination of such named executive officer’s employment by the
Company other than for Cause (other than Disability) within six months before or 24 months following a Change in Control or (2) such named
executive officer’s resignation of his employment for Good Reason within 24 months following a Change in Control:

(1) Severance:A severance payment equal to 2.0 times the sum of (a) his or her base salary and (b) the greater of (x) Target Cash Bonus or (y) his average Annual Cash Bonus awarded for