Company: TISI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000318833-25-000030
Chunk: 50

Company: TEAM INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 50
---
,628 shares of the Company’s Common Stock, adjusted to 26,162 shares following the Company’s reverse stock split, and (ii) a one-time cash-incentive award valued at $225,000 both vesting ratably over three years, subject to applicable terms and conditions including Mr. Haight’s continued employment with the Company. The Company elected to issue a portion of the incentive award in cash to promote retention and to preserve available shares in the Equity Incentive Plan, given the historically low stock price at the time of the award. Mr. Haight’s offer letter provides for certain severance benefits upon a termination of employment. Please see section entitled “Additional Narrative Disclosure – Potential Payments Upon Termination or a Change in Control” below for more details regarding the severance benefits Mr. Haight is entitled to receive.

#### Retirement Plans
We offer a defined contribution, or 401(k), plan to all of our employees based in the United States, including the Named Executive Officers. During 2024, we provided an employer match of 50% of the first 6% of the employee’s contribution.

#### Perquisites and Benefits
Our executive officers are eligible to participate in our broad-based medical, dental, vision, life and accidental death insurance programs. In 2024, our NEO’s did not receive any perquisites not available to other U.S. based employees of the Company.

<div align='center'>34</div>

#### Outstanding Equity Awards at 2024 Year-End
The following table summarizes the equity awards we have made to our Named Executive Officers which are outstanding as of December 31, 2024. None of the Named Executive Officers have options outstanding.

| Name              |     | STOCK AWARDS  
 Grant         
 Date          |     | Number of Shares or Units of Stock That Have Not 
 Vested (#) (3)                                   |        |     | Market Value of                        
 Shares or Units of Stock That Have Not 
 Vested ($) (4)                         |         |     | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) (3) |         |     | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) (4) |           |
|:------------------|:----|:--------------|:----|:-------------------------------------------------|-------:|:----|:---------------------------------------|--------:|:----|:------------------------------------------------------------------------------------------------------------|--------:|:----