Company: NCNO
Filing Date: 2025-02-03
Form Type: 8-K
Source: 0001902733-25-000002
Chunk: 2

Company: nCino, Inc.
Filing Date: 2025-02-03
Form: 8-K
Item: Item 5.02
Chunk 2
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 objectives established by the Compensation Committee of the Board, and subject to such other terms and conditions of the Annual Incentive Program, (iii) to participate in the equity incentive program maintained for senior executive officers of the Company, with a target equity incentive opportunity of $4 million for the Company’s fiscal year

2026; and (iv) except as otherwise described above, to continue receiving the compensation and benefits at the same level as he received immediately prior to February 1, 2025. In the event that Mr. Naudé’s service as Executive Chairman is terminated by the Board without “ Cause” or by Mr. Naudé for “ Good Reason” (each as defined in his Amended and Restated Employment Agreement, by and between Mr. Naudé and nCino OpCo, Inc., entered into and effective as of December 12, 2024) (the “ Naudé Employment Agreement”)), then Mr. Naudé will be eligible for the severance benefits payable under the Naudé Employment Agreement in the event of such terminations of employment, but with such amounts adjusted to reflect his compensation at the time of such termination of employment. In addition, in the event that Mr. Naudé is requested to resign as a Board member prior to the conclusion of his current term on the Board, then upon his resignation from the Board, and subject to his execution and non-revocation of a release of claims in favor of the Company, Mr. Naudé’s outstanding and unvested equity awards will vest in full upon such resignation.

The foregoing description of the Amended Desmond Agreement and the Naudé Letter Agreement is qualified in its entirety by reference to such agreements, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.