Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 186

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 186
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 $100 million. |

| (e) | “Service Vested Percentage” means the portion of the Performance Award that has service-vested, with such service vesting to occur as follows: 25% of the Performance Award will vest on each of the first four anniversaries of the Vesting Commencement Date, subject to the Grantee’s continued service through each applicable vesting date (unless otherwise provided in Section 4(a) and (b) of this Agreement), such that 100% of the Performance Award will be service-vested on the fourth anniversary of the Vesting Commencement Date. For purposes of the service-vested percentage, no absence of Grantee from work because of: (i) Grantee’s exercise of his leave rights under any federal, state or local statute; (ii) Grantee’s leave of absence, as approved in writing by the Committee, for a temporary disability, which may include any physical or mental condition other than a “Disability” as defined in the Plan; or (iii) Grantee’s leave of absence for any purpose approved in writing by the Committee, will be considered to have interrupted Grantee’s continued service to the Company. Notwithstanding anything to the contrary set forth in this Agreement, the Service Vested Percentage will be 100% upon the consummation of a Change of Control. |

| (g) | “Term Loan Amount” means $390 million plus any additional amounts drawn on the Term Loan following the date hereof. |

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| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of StockholdersB-5 |

TABLE OF CONTENTS

IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date last written below or the date electronically accepted through the applicable portal, as applicable.

| WHEELS UP EXPERIENCE INC. |     |                         |
| By:                       |     | /s/ George Mattson      |
| Name:                     |     | George Mattson          |
| Title:                    |     | Chief Executive Officer |
| GRANTEE                   |     |                         |
| /s/ David Harvey          |     |                         |
| Name:                     |     | David Harvey            |

| B-6Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS

EXHIBIT A Vesting and Settlement of Performance Award Each