Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 85

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 85
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 the 12-month period following a change of control of the Company by the Company other than for cause, by the NEO for good reason, or due to the NEO’s death or disability, in each case, assuming such termination occurred on March 29, 2025, and in view of the other assumptions above, is set forth in the table below. In the event of qualifying termination of employment following a change of control as described above, the Severance Plan provides that outstanding equity awards will be accelerated (i.e., such awards are “double trigger”). The potential application of any cutback required under the Severance Plan due to the operation of Sections 280G and 4999 of the IRC has not been included in these calculations:

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| Name                                                             |     | Lump Sum Salary Payment(1) |           |     | Accelerated Vesting of Unvested Equity(2) |            |     | Health Benefits(3) |        |     | Cash Bonus Under Severance Plan(4) |           |     | Total |            |
|:-----------------------------------------------------------------|:----|:---------------------------|----------:|:----|:------------------------------------------|-----------:|:----|:-------------------|-------:|:----|:-----------------------------------|----------:|:----|:------|-----------:|
| John M. Forsyth, President and Chief Executive Officer           |     | $                          | 1,390,000 |     | $                                         | 14,742,845 |     | $                  | 40,801 |     | $                                  | 2,171,875 |     | $     | 18,345,521 |
| Jeff Woolard, Chief Financial Officer                            |     | $                          |   475,000 |     | $                                         |  4,699,758 |     | $                  | 27,201 |     | $                                  |   534,375 |     | $     |  5,736,334 |
| Ulf Habermann, Former Interim CFO, Principal Accounting Officer  |     | $                          |   375,000 |     | $                                         |  1,773,069 |     | $                  | 17,202 |     | $                                  |   281,250 |     | $     |  2,446,521 |
| Gregory S. Thomas, Executive Vice President, General Counsel     |     | $                          |   471,000 |     | $                                         |