Company: VRT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094674
Chunk: 57

Company: Vertiv Holdings Co
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 57
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 employment, to be paid in installments over 12 months in accordance with our normal payroll policies; |

| (ii) | a cash payment equal to one times the executive’s target annual bonus, to be paid in installments over 12 months in accordance with our normal payroll policies, or, for individuals who become subject to the Employment Policy after 2023, a pro-rated target bonus; |

| (iii) | any earned and unpaid annual bonus for the fiscal year preceding the fiscal year in which the termination occurs; and |

| (iv) | reimbursement of COBRA continuation coverage costs for 12 months. |

Each named executive officer is subject to standard restrictive covenants, including non-competitionand non-solicitationcovenants for 12 months. If an executive’s employment is terminated by reason of the executive’s death or disability, then in addition to accrued obligations through the termination date, Vertiv shall pay to the executive or the executive’s beneficiary or estate, as the case may be, (i) any earned and unpaid amounts owed under the VIP for the fiscal year preceding the fiscal year in which the termination date occurs and (ii) a pro-rata portionof the executive’s compensation under the VIP for the fiscal year in which the termination date occurs, subject to the achievement of applicable performance measures and paid at the same time as amounts are paid to other executives generally. Equity Award Provisions. The RSU agreements for RSUs granted prior to 2024 to individuals who were executive officers at the time of grant provide that, upon a termination without cause by Vertiv, any unvested RSUs scheduled to vest during the six-month periodfollowing termination shall vest on the applicable scheduled vesting dates. In addition, the RSU and

| -  2025 Proxy Statement | 41 |

option agreements provide that the awards will vest in full upon termination of employment due to death or disability and remain eligible for continued vesting upon retirement from active employment on or after age 65 with 10 years of service. The Strategic Performance Award agreements provide that the awards will be forfeited upon a termination of the executive’s employment prior to the January 1, 2027 vesting date, with limited exceptions. If the executive’s employment is terminated due to death or disability, the earned portion for any completed years of the performance period will become vested, with remaining unearned portions forfeited. Treatment on a change in control is described below. Change of Control The Executive Change of Control