Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 39

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 39
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 Mr. Moster’s execution of a release of claims and compliance with restrictive covenants, provides for, among other things, during the Advisory Period: (i) a base salary of $80,417 per month, prorated to reflect any partial month of employment; (ii) continued vesting of the outstanding Company stock options, RSUs and PSUs held by Mr. Moster as of the Closing Date through the Advisory Period End Date in accordance with their terms; (iii) continued eligibility to receive an annual cash incentive award in respect of 2024 based on actual performance; and (iv) participation in the Company’s employee benefit and welfare plans. In addition, upon expiration of the Advisory Period on the Advisory Period End Date or, if earlier, the termination of Mr. Moster’s employment under the Moster Transition Agreement due to his death or by the Company other than for “cause” (as defined in the severance agreement, dated December 3, 2014, by and between the Company and Mr. Moster (the “Moster Severance Agreement”)), Mr. Moster will be entitled to the following severance benefits, in lieu of, and substantially similar to, the severance benefits he had previously been entitled to under the Moster Severance Agreement and the Executive Severance Plan (the “Prior Moster Agreements”), subject to his execution of a release of claims and compliance with restrictive covenants: (a) $1,930,000 in cash severance, payable in a lump sum (in lieu of severance equal to 24 to 36 months of base salary under the Prior Moster Agreements); (b) continued eligibility to receive an annual cash incentive award in respect of 2024 based on actual performance; and (c) for a period of two years post-termination, continuation of health and welfare benefits and Company-sponsored outplacement assistance. The Moster Transition Agreement was amended effective February 2025 to provide for 18 months of continued post-termination coverage under the Company’s medical, dental, and vision plans and up to $42,738 in additional cash severance in lieu of certain other benefits. The Moster Transition Agreement also provides that to the extent that a change in control of the Company occurs during the Advisory Period, notwithstanding the terms of the PSUs, any outstanding PSUs held by Mr. Moster will no longer automatically vest, on a prorated basis, at 100% of target as of the date of such change in