Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 41

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 41
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 with the following, as applicable: (i) the Iridium Communications Inc. Policy for Recoupment of Incentive Compensation, which applies to certain compensation received on or prior to October 1, 2023; (ii) the Iridium Communications Inc. Incentive Compensation Recoupment Policy, which applies to certain compensation received on or after October 2, 2023; (iii) any clawback policy that we are required to adopt pursuant to the listing standards of any national securities exchange or association on which our securities are listed or as is otherwise required by the Dodd-Frank Act or other applicable law; and (iv) any other clawback policy that we adopt. In addition, we may impose other clawback, recovery or recoupment provisions in an award agreement, including a reacquisition right in respect of previously acquired shares or other cash or property upon the occurrence of cause.

• Repricing is not allowed without prior stockholder approval . The Amended 2015 Plan prohibits the repricing of outstanding stock options and stock appreciation rights and the cancellation of any outstanding stock options or stock appreciation rights that have an exercise or strike price greater than the then-current fair market value of our common stock in exchange for cash or other stock awards under the Amended 2015 Plan without prior stockholder approval.

• Stockholder approval is required for additional shares . The Amended 2015 Plan does not contain an annual “evergreen” provision. The Amended 2015 Plan authorizes a fixed number of shares, so that stockholder approval is required to issue any additional shares, allowing our stockholders to have direct input on our equity compensation programs.

• No liberal change in control definition . The change in control definition in the Amended 2015 Plan is not a “liberal” definition. A change in control transaction must actually occur in order for the change in control provisions in the Amended 2015 Plan to be triggered.

• No discounted stock options or stock appreciation rights . All stock options and stock appreciation rights granted under the Amended 2015 Plan must have an exercise or strike price equal to or greater than the fair market value of our common stock on the date the stock option or stock appreciation right is granted.

• No transferability to financial institutions for consideration without prior stockholder approval. Stock options and stock appreciation rights granted under the Amended 2015 Plan may not be transferred to any financial institution for consideration without prior stockholder approval.

• Administration by independent committee . The Amended