Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 144

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 144
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 plans or programs for pension benefits, nonqualified defined contribution and other nonqualified deferred compensation, Mr. Briffa is employed in the United Kingdom and subject to the Pensions Act of 2008. Accordingly, Air Partner agreed to contribute an amount equal to not less than 12% of Mr. Briffa’s annual base salary during each year of employment under such scheme. Mr. Briffa is also eligible to participate in the employee benefit plans, including certain insurance plans, available to Air Partner employees, subject to the terms of those plans. The Briffa Service Agreement also sets forth the holiday, vacation, sick pay and other paid leave to which Mr. Briffa is entitled, and provides that Air Partner will provide reimbursements to Mr. Briffa for certain home office equipment and a gym membership that were not utilized in 2024. The Briffa Service Agreement also covers Mr. Briffa’s service as a director of Air Partner and certain of its subsidiaries. Mr. Briffa’s employment under the Briffa Service Agreement may be terminated by Air Partner without notice or payment in lieu of notice (except for the payment of accrued base salary and holiday pay then owed to Mr. Briffa, if any) with immediate effect if, at any time: (i) it is found that he did not materially comply with any reasonable lawful order or direction given to him by Air Partner; (ii) Air Partner reasonably believes that he has committed any serious breach or repeated, after written warning, any breach or are guilty of a continuing breach of any of the terms of the Briffa Service Agreement; (iii) Air Partner reasonably believes that he is guilty of any gross or serious misconduct or, after written warning, willful neglect in the discharge of his duties under the Briffa Service

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders75 |

TABLE OF CONTENTS EXECUTIVE COMPENSATION (continued) Agreement; (iv) Air Partner reasonably believes that he is guilty of any bribery, corruption, fraud, dishonesty or conduct tending to bring him or Air Partner or any of its subsidiaries into disrepute including for the avoidance of doubt any criminal offense (except a road traffic offense not involving a custodial sentence); (v) Air Partner reasonably believes that he has committed a breach of any legislation in force which may affect or relate to the business of Air Partner or any of its subsidiaries; (vi) he is declared bankrupt or has