Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 44

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 44
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 of target                                                                                                               |     |                                                                                                                                                                                                                                                                                                                                             |     |              |
| Restrictive covenants                                               |     | during his term of employment with us and for a period of one year following any termination, may not:                                                                                                                 
 •participate, directly or indirectly, within the United States, in a business in competition with Commvault (other than beneficial ownership of up to one percent of the outstanding stock of a publicly held company) 
 •solicit our employees or customers                                                                                                                                                                                    |     | during their term of employment with us and for a period of one year following any termination, the executive may not:                                                                                                                                                                                                                      
 •engage in, or have any interest in, or manage or operate any business that engages in any activity that then competes with any business of the Company or any Commvault subsidiary anywhere in the world (each, a “Competitor”) (other than beneficial ownership of up to 5% of the outstanding voting stock of a publicly traded company) 
 •induce any employee of the Company or its subsidiaries to terminate such employment or to become employed by any Competitor                                                                                                                                                                                                                
 •contact, induce or attempt to induce any customer or potential customer (of which the executive had actual knowledge) to purchase products or services from any entity other than the Company, or to cease being a customer of the Company                                                                                                 |     |              |

1. Each executive’s individual agreement defines “cause” and “good reason.”

#### Change in Control Agreements

#### Sanjay Mirchandani
If a change in control of our Company occurs and Mr. Mirchandani’ s employment is terminated for reasons other than for cause, Mr. Mirchandani’ s employment is terminated on account of disability, or if Mr. Mirchandani terminates his employment for good reason, in each case within two years of the change in control, then all equity awards held by Mr. Mirchandani will immediately become exercisable and vested and any equity awards with performance conditions not yet determined will be deemed earned at 100% of target. Furthermore, subject to execution of a release of claims in favor of the Company, he will be entitled to (1) a lump sum severance payment equal to 18 months of his base salary plus his target cash incentive bonus at the time of the change in control, and (2) health insurance coverage for him and his dependents for an 18-month period.

#### Jen DiRico and Gary Merrill
Ms. DiRico and Mr.