Company: ATLN
Filing Date: 2025-09-05
Form Type: PRE 14A
Source: 0001213900-25-085074
Chunk: 20

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-09-05
Form: PRE 14A
Chunk 20
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 we terminate the employment agreement for any reason other than Cause (as defined), all of Mr. Tenore’s then -outstandingrestricted stock, restricted stock units and warrants will immediately vest, and Mr. Tenore will be entitled to (i) 12 months of severance payments of his base salary, (ii) a prorated annual bonus if we are on pace to meet the above -statedperformance milestones, (iii) the right to 12 months of COBRA insurance, and (iv) reasonable outplacement services for a period of up to 90 days from termination. Upon death or disability, Mr. Tenore, or his estate, will receive all accrued compensation and any prorated bonus, and any equity that would have vested during the 24 -monthperiod beginning on the date of death or disability will immediately vest. If Mr. Tenore is terminated for Cause, or resigns without Good Reason (as defined), he will receive accrued compensation and any vested equity. Upon a Change of Control (as defined), all of Mr. Tenore’s non -vestedequity will immediately vest in full and he will be entitled to his full severance payments stated above if he chooses to terminate his employment with our company. Mr. Tenore will be subject to a one -yearnon -competecovenant from termination of his employment anywhere in the United States if his termination is for Cause, and six months if termination is for any other reason. He will be subject to a two -yearnon -solicitationcovenant from termination if he is terminated for Cause and 12 months if terminated for any other reason. He also will be covered under our directors and officers’ liability insurance for up to one year from termination of employment. 15

OUTSTANDING EQUITY AWARDS AT YEAR-END Outstanding Equity Awards on December 31, 2024 The following table sets forth information relating to unexercised options and unvested restricted stock units for our directors and executive officers as of December 31, 2024:

| Name                   |     | Option Awards |     |          |     |            |     |               |     | Stock Awards  |     |   |
|                        |     |               |     |          |     |            |     | Equity        
 incentive     
 plan awards:  
 Number of     
 unearned      
 shares, units 
 or other      
 rights that   
 have not      
 vested        
 ($)           |     | Equity        
 incentive     
 plan awards:  
 Market        
 value of