Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 83

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 83
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 of the voting seats on any body comparable to a board of directors of such controlling entity, or if there is no body comparable to a board of directors, at least two-thirds (2/3) voting control of such controlling entity); provided that any person becoming a director (or, in the case of a controlling non-corporate entity, obtaining a position comparable to a director or obtaining a voting interest in such entity) subsequent to the Effective Date whose election, or nomination for election, was approved by a vote of the persons comprising at least two-thirds (2/3) of the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is pursuant to an actual or threatened election contest), shall be, for purposes of this definition, considered as though such person were a member of the Incumbent Board; or

there is a liquidation or dissolution of the Company or all or substantially all of the assets of the Company have been sold.

Unless defined otherwise in the award or individual employment agreement, the term “Cause” is defined in the 2025 Plan to mean:

the material failure by the participant to perform, in a reasonable manner, his or her duties as assigned by the Company or any subsidiary (or any successor company);

any material violation or breach by the participant of his or her employment, consulting or other similar agreement with the Company or any subsidiary (or successor company), if any;

any material violation or breach by the participant of any non-competition, non-solicitation, non-disclosure or other similar agreement with the Company or any subsidiary (or successor company);

any material violation or material breach by the participant of the Company’s Code of Conduct or any other Company (or successor company) policy;

any act by the participant of material dishonesty or fraud that injures the reputation or business of the Company or any subsidiary (or successor company); or

the conviction of or entry of a plea of guilty or nolo contender to a felony or a crime involving moral turpitude.

The good faith determination by the Committee of whether the participant’s employment or service was terminated for Cause is final and binding for all purposes.

Share Limits

Subject to adjustment for changes in capitalization, the maximum number of shares of Stock that may be issued or transferred as a result of the exercise of ISOs is 1.85 million.

| World Kinect 2025 Proxy Statement | 87 |

| Proposal 4 |

Minimum Vesting

Notwithstanding anything in the 2025 Plan to the contrary