Company: CXAI
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001829126-25-002762
Chunk: 30

Company: CXApp Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 30
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 Stock Option Awards | Encourage retention of top talent and promote an employee ownership culture over the long-term | Service-based vesting over a two to four-year period with a minimum one year cliff                    |                                                                                                    |

Base Salary

Base salaries provide a fixed level of cash compensation for our executive officers, including our NEOs. When setting salaries, the Compensation Committee considers each executive officer’s responsibilities and performance against job expectations, experience and tenure as well as the impact of base salary on other compensation elements. The Compensation Committee’s review of these factors is subjective and no fixed value or weight is assigned to any specific factor when making salary recommendations. The table below sets forth the annual base salaries approved for each of our NEOs for 2024 and 2023, as well as the percentage year-over-year change.

| Named Executive Officer |     | 2024        
 Base Salary |         |     |        2023 
 Base Salary |     | Percentage 
 Increase   |
|:------------------------|:----|:------------|--------:|:----|------------:|:----|:-----------|
| Khurram P. Sheikh       |     | $           | 325,000 |     |     325,000 |     | 0%         |
| Joy L. Mbanugo          |     | $           | 250,000 |     |           - |     | N/A        |

The total salaries paid to our NEO’s during 2024 and 2023 are set forth in the “Summary Compensation Table” below.

Annual Cash Incentive Bonus Compensation

The Company’s annual cash incentive bonus compensation is designed to motivate and reward our executive officers, including our NEOs, for achieving the Company’s short-term financial and operational objectives and the executive officers’ individual objectives. Each year, the Compensation Committee develops a recommended target annual cash incentive award opportunity for each executive officer expressed as a percentage of their annual base ‘salary, subject to the achievement of pre-established corporate and individual goals, as described below. These recommendations are later approved by the Company’s board. The target annual cash incentive award opportunities of our NEOs as a percentage of base salary for 2024 were as follows:

| Named Executive Officer |     | 2024 Bonus Target 
 Target            
 Payout(1)         |         |     | % of        
 Base Salary |     |   |
|:------------------------|:----|:------------------|--------:|:----|:------------|----:|:--|
| Khurram