Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 41

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 41
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 to receive a lump sum payment equal to one hundred fifty percent (150%) of the sum of (A) Mr. Gates’s base salary and (B) Mr. Gates’s target bonus for the year in which the termination date occurs. Further, the accelerated vesting outlined in clause (v) above will occur without regard to the 12-month period. Sanyogita Shamsunder, Ph.D. On May 5, 2024, Dr. Shamsunder entered into an employment agreement with the Company, which was effective during 2024, when she served as a Named Executive Officer of the Company (the “Shamsunder 2024 Employment Agreement”). The Shamsunder 2024 Employment Agreement entitled her to the annual base salary and annual target bonus opportunity, which will equal a percentage of her annual base salary, as described above under “— Annual Base Salaries.” The Shamsunder 2024 Employment Agreement also contained certain severance terms. If Dr. Shamsunder was terminated by the Company without cause (which included a non-renewal of the employment term by the Company) or resigned for good reason (each, a “Qualifying Termination Event”), then, subject to Dr. Shamsunder’s timely execution and non-revocation of a release of claims in favor of the Company, she was entitled to the following: (i) a lump sum payment equal to her base salary; (ii) her earned but unpaid annual bonus with respect to any completed calendar year immediately preceding the termination date, or, if less than a full calendar year was completed, a pro-rated annual bonus; (iii) upon timely election, COBRA premiums for up to 12 months; (iv) all of her then-outstanding unvested time-based equity awards that would have vested (but for such termination) during the 12-month period beginning on the termination date vested as of the date immediately prior to the termination; and (v) subject to the following sentence, all of her then-outstanding unvested performance-based equity awards vested in accordance with the applicable grant agreements. Notwithstanding the foregoing, if Dr. Shamsunder was terminated without cause during the first two years of her employment, all of her then-outstanding unvested performance-based equity awards vested as of the date immediately prior to her termination. The Shamsunder 2024 Employment Agreement further provided that, if Dr. Shamsunder experienced a Qualifying Termination Event during the period beginning on the date the Company entered