Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 92

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 92
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 the event any of the amounts provided for under an employment agreement or otherwise payable to the NEO would constitute “parachute payments” within the meaning of Section 280G of the Code and could be subject to the related excise tax, the NEO would be entitled to receive either full payment of benefits under the employment agreement or such lesser amount which would result in no portion of the benefits being subject to the excise tax, whichever results in the greater amount of after-tax benefits to the NEO. None of the aforementioned employment agreements require us to provide any tax gross-up payments.

Equity Incentive Plans

The 2023 Plan provide all employees, including our NEOs, with the following vesting acceleration benefits: in the event of an “involuntary termination” (as defined in the applicable plan) on or within 12 months following a “change in control” (as defined in the applicable plan), the participant will fully vest in and have the right to exercise all of his or her outstanding options and stock appreciation rights, including shares as to which such awards would not otherwise be vested or exercisable, all restrictions on RSUs will lapse, and, with respect to awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at 100% of target levels and all other terms and conditions met.

Outstanding Performance-based Equity Awards Granted to the NEOs

Under the terms of the outstanding performance-based awards held by the NEOs, if, prior to the end of any performance period, there is a “change in control” (as defined in the 2023 Plan), then the target number of shares corresponding to that performance period will vest as of immediately prior to such change in control.

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The following table provides information concerning the estimated payments and benefits that would be provided in the circumstances described below, assuming that the triggering event took place on December 31, 2024, the last day of our fiscal year.

|                           |     | Death or Disability |   |     | Change in Control |         |     | Termination Without      
 Cause or Resignation for 
 Good Reason Not in       
 connection with a        
 Change in Control        |           |     | Termination Without              
 Cause or Resignation for         
 Good Reason in connection with a 
 Change in Control                |           |
| Name                      |     | -$                  |   |     | -$                |         |     | -$                       |           |     | -$)(1                            |