Company: SLND-WT
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001558370-25-007594
Chunk: 3

Company: Southland Holdings, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part II, Item 1A
Chunk 3
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) all accrued benefits, if any, to which Mr. Bassano is entitled as of the date of termination, in each case at the time such payments are due and (D) a cash lump sum in an amount equal to one (1) times the sum of Mr. Bassano’s base salary and target annual bonus for the year of termination, payable in a lump sum on the 60th day following the date of termination, (ii) all outstanding equity awards held by Mr. Bassano immediately prior to his termination will immediately vest (with outstanding options remaining exercisable for the length of their remaining term), and (iii) Mr. Bassano and his covered dependents will be entitled to continued participation in benefit plans on the same terms and conditions as applicable immediately prior to his date of termination for 18 months; provided that if such continued coverage is not permitted under the terms of such benefit plans, the Company will pay Mr. Bassano an additional, lump sum amount that, on an after-tax basis, is equal to the cost of comparable coverage obtained by Mr. Bassano, and (E) a cash, lump sum in an amount equal to any unpaid portion of the signing bonus and the deferred compensation, if any, payable in a lump sum on the 60th day following the date of termination.

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