Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 103

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 103
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 are tendered to the Corporation by a Participant, or are withheld by the Corporation, as full or partial payment of the exercise or purchase price or tax withholding obligations of any Award, the number of Shares deemed to have been issued under the Award shall be calculated on a gross basis (i.e., without any reduction for the Shares tendered to or withheld by the Corporation).

iii. Upon any exercise of a Stock Appreciation Right that is settled in Shares, the gross number of Shares exercised shall be counted as Shares issued under this Plan.

iv. The repurchase of Shares by the Corporation on the open market using the proceeds of exercise or purchase price obligations of any Award shall not increase the number of Shares that may be issued or delivered under this Plan.

d. Non-Employee Director Limits. Compensation payable by the Corporation to any non-employee director of the Corporation, including Awards granted under this Plan (with Awards valued based on their grant date fair value as determined by the Corporation under its financial statements) and cash fees paid or credited, in respect of such non-employee director's service as a member of the Board during the one-year period of service from each annual meeting of shareholders, may not exceed $1 million during any such year.

e. Substitute Awards . The Committee may grant Awards under this Plan, on such terms and conditions as it deems appropriate in its sole discretion, in substitution for equity-based awards held by non-employee directors, officers, employees or other service providers of another company in connection with the merger or consolidation of the employing company with the Corporation or a Subsidiary or the acquisition by the Corporation or a Subsidiary of property or stock of the employing company. Any Shares issued under Substitute Awards shall not be counted as Shares issued under this Plan for purposes of the share limitation set forth in Section 3(a).

f. Adjustment Provisions.

i. In the event of an Adjustment Transaction, the Committee or the Board shall make such adjustments or substitutions as it deems appropriate and equitable to or for: (A) the aggregate number and kind of Shares or other securities reserved for issuance and delivery under this Plan; (B) the number and kind of Shares or other securities, property, rights or cash subject to outstanding Awards (including securities, property, rights or cash

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of an entity other than the Corporation); (C) Performance Goals or measured results to preserve the validity of the original goals set by the Committee; and (D) the exercise price of outstanding Awards.