Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 31

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 31
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 180 days prior written notice, he would be entitled to payments of two times his base salary, health and fringe and other benefits, and accelerated vesting of all equity awards. Each of the Executive Employment Agreements defines Cause, Good Reason and Change in Control as follows: “Cause” means the Executive’s (i) continued and willful failure, or refusal by Executive, to substantially perform his duties or responsibilities to the Company under his employment agreement (other than as a result of disability); (ii) engaging in gross negligence or willful misconduct that has a material adverse effect on our reputation or business; (iii) fraud or embezzlement committed by the Executive (or at his direction), or misappropriation (or attempted misappropriation) by Executive of any Company funds; (iv) conviction of, or pleading “guilty” or “no contest” to, (1) a felony or (2) any other criminal charge that has, or could be reasonably expected to have, an adverse impact on the performance of Executive’s duties to the Company or otherwise have an adverse impact on our reputation or business; or (v) material breach of his employment agreement or material breach of the restrictive covenants contained in the employment agreement. “Good Reason” means, without Executive’s written consent, (i) a material diminution in Executive’s title, duties, or responsibilities as set forth in employment agreement; (ii) a reduction in base salary; (iii) a material

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diminution in Executive’s overall compensation opportunity, which includes the sum of Executive’s Base Salary and Annual Bonus opportunity, (and, for Mr., Bowman, the historic grant date value of equity awards and benefits and allowances); (iv) the relocation of Executive’s principal place of performance by more than twenty-five (25) miles (or fifteen (15) miles in the case of Mr. Bowman) from our current corporate headquarters, or such other place of employment at which Executive has agreed to be based; or (v) in the event of a sale of all or substantially all the assets of the Company, a failure of the Company to have the Executive’s employment agreement assigned to, or assumed by, the acquiror within 15 business days of such sale. In the case of Messrs. Labovitz and Hickey, Good Reason additionally means written notice by the Company to the Executive of nonrenewal of the employment agreement without an offer to the Executive