Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 66

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 66
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 of December 31, 2024 and provide for potential payments upon a termination or change in control and, in some cases, acceleration of vesting and extended exercisability of equity awards upon specified events. For each person, receipt of severance is conditioned upon execution of a general release of claims, which becomes irrevocable, for the benefit of the Company and are subject to continued compliance with non-competition and non-solicitation requirements for 12 months after the termination of employment.

| Termination without “cause” or by person for “good reason” | Termination without “cause” or by person for “good reason” from 
 signing agreement to 12 months following change in control      |

| Name and Principal Position | Lump-sum Cash Payments | Health & Welfare Benefits | OutplacementServices($) | Accelerationof Unvested Equity | Lump-sum Cash Payments | Health & Welfare Benefits | Outplacement Services($) | Accelerationof UnvestedEquity |

| ThomasStocker    | Pro-rata current bonus at actual(1)                 | ―      | ― | ― | 24 months of salary + 2 years of target bonus | ―        | ― | ― |
| JaymiWilson      | 1 year of salary + pro-rata current bonus at target | 1 year | ― | ― | 24 months of salary + 2 years of target bonus | 18months | ― | ― |
| Barbara J.Runyon | 1 year of salary + pro-rata current bonus at target | 1 year | ― | ― | 24 months of salary + 2 years of target bonus | 18months | ― | ― |

| (1) | Mr. Stocker’s employment contact (governed by German law) provides that he is entitled to a prorated bonus in the year of termination and provides for a six-month                                                                 
 notification period for a termination of employment. Upon any such termination, he will receive severance in accordance with German law, which is negotiated at the time of termination and is dependent on the specific facts and 
 circumstances at the time of departure.                                                                                                                                                                                            |

2024 Senior Level Bonus Plan Under the terms of the 2024 Senior Level Bonus Plan, NEOs are eligible for the following bonus payments upon a termination for the following events:

| Death | Disability(more than 30 days) | Voluntary(no qualified retirement) | Voluntary(qualified retirement) | Cause | Without Cause |

| Pro rata | Pro rata - for