Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 63

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 63
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 the tables describe
the assumptions used in estimating the amounts shown in the tables. As used below, the terms “Target Cash Bonus,” “Annual
Cash Bonus,” “Cause,” “Change in Control,” “Disability,” “Good Reason,” “RSUs”
and “PSUs” shall have the respective meanings set forth in the applicable Employment Agreement, each of which has been filed
with the SEC, or award agreement(s), forms of which have been filed with the SEC. Please refer to our annual report on Form 10-K filed
with the SEC on February 19, 2025 for links to copies of the employment agreements for each of the named executive officers.

Because the payments to be made
to a named executive officer depend on several factors, the actual amounts to be paid out upon a named executive officer’s termination
of employment can only be determined at the time of the executive’s separation from the Company.

As noted earlier, Mr. Yarlagadda
retired from the Company effective March 15, 2024. In connection with his retirement, Mr. Yarlagadda received the benefits for retirement
as described in his Employment Agreement. In addition, Mr. Yarlagadda received the following additional benefits, pursuant to a Transition
Agreement that he entered into with the Company as consideration for his transition services and his continued cooperation with the Company
until the date of his retirement (the “Separation Date”):

| · | Mr. Yarlagadda’s unvested RSUs granted under the Restricted Stock Unit Award Agreement dated as of January 2, 2021 (the “Promotion RSUs”) remained outstanding following the Separation Date and vested on January 15, 2025. The value of the unvested Promotional RSUs that are allowed to continue to vest was $620,262 (based on the closing price of our common stock on his retirement date).                                                                                         |
| · | The Company agreed to reimburse Mr. Yarlagadda for 100% of his COBRA premiums during the 12-month period following the Separation Date, at a potential value of $33,404. Mr. Yarlagadda ultimately sought reimbursement for only $19,486 representing 7 months of COBRA premiums.                                                                                                                                                                                                          |
| · | The Company agreed to reimburse Mr. Yarlagadda up to $6,000 for reasonable attorneys’ fees and expenses incurred relating to the review and negotiation of the Transition