Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 349

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 349
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if the successor fails to assume the annual incentive plan, a pro -ratedportion of any annual bonus; (iii)continued medical, dental and vision coverage for up to 18 months; (iv)reimbursement of outplacement services expenses incurred in the 12 months following termination up to $25,000; (v)the full vesting of any retention awards; and (vi)the full vesting of all equity awards other than performance -basedawards and, with respect to performance -basedawards, vesting at 100% of target. The following will be defined in each employment agreement: (i)“cause” is defined as commission of any felony or any crime involving moral turpitude or dishonesty; participation in a fraud against PubCo or any of its affiliates; willful and material breach of the executive’s duties that has not been cured within 30 days after written notice from PubCo of such breach; intentional and material damage to PubCo’s or any of its affiliates’ property; material violation of any policy of PubCo or any of its affiliates or material breach by the executive of his Employee Proprietary Information and Inventions Assignment Agreement with PubCo; and (ii)“good reason” is defined as a material diminution of executive’s aggregate compensation, including, without limitation, base salary, annual bonus opportunity, and equity incentive compensation opportunities (other than a base salary, annual bonus opportunity, or equity compensation opportunity reduction of not more than 20% applicable to all similarly situated employees); a material diminution of executive’s authority, duties or responsibilities; or any other action or inaction that constitutes a material breach by PubCo of the agreement under which the executive provides services (e.g., failure of successor to assume the employment agreement or breach of same). The employment agreements also provide that, regardless of whether the NEO’s employment is terminated, if there is a change in control and (i)if the successor does not assume PubCo’s annual incentive plan, the annual bonus will be paid in the amount of the target bonus; (ii)if the successor does not assume any outstanding retention awards, then such awards will become immediately fully vested; (iii)if the successor does not assume the equity compensation plan in which the executive participates or grant comparable awards in substitution of the outstanding awards under any such plan, then any outstanding equity -basedcompensation awards granted to the executive under such plan, other than performance -basedequity awards, will become immediately fully vested, and any performance -