Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 245

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 245
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s are eligible for severance benefits under the Executive Severance Guidelines and the terms of the Executive Severance Guidelines replace the
severance provisions in such NEO’s offer letters, if any. The terms and conditions relating to the Executive Severance Guidelines are set forth below in “—Executive Compensation—Potential Payments Upon Termination or Change in
Control.”

Offer letters

The material terms of the applicable offer
letters with Mr. Allaire, Mr. Fox-Geen, Ms. Carpenter, Mr. Tarbert, and Mr. Chandhok are described below.

Jeremy Allaire. We
entered into an offer letter with Mr. Allaire, dated February 1, 2025 (the “Allaire Offer Letter”), which detailed his then-current terms of employment in the position of Chief Executive Officer. The Allaire Offer Letter sets
forth Mr. Allaire’s annual base salary, his target bonus percentage, and his eligibility to participate in our equity incentive plan and our benefit plans generally. Mr. Allaire is subject to our standard noncompetition, non-solicitation, confidentiality, and assignment agreement, which provides for restrictions on noncompetition (during employment and for one year post-termination), employee and customer non-solicitation (during employment and for one year post-termination), confidentiality (perpetual), and assignment of intellectual property rights.

Jeremy Fox-Geen. We entered into an offer letter with Mr. Fox-Geen, dated as of February 1, 2025 (the “Fox-Geen Offer Letter”). The
Fox-Geen Offer Letter sets forth the terms of Mr. Fox-Geen’s employment, including his positions and duties, his annual base salary, his target bonus percentage, and his eligibility to participate in our equity incentive plan and benefit
plans generally. Mr. Fox-Geen is subject to our standard non-solicitation, confidentiality, and assignment agreement, which provides for restrictions on employee and customer non-solicitation (during employment and for one year post-termination), confidentiality (perpetual), and assignment of intellectual property rights.

Elisabeth Carpenter. We entered into an offer letter with Ms. Carpenter, dated as of May 16, 2016 (the “Carpenter Offer Letter”). The
Carpenter Offer Letter sets forth the terms of Ms. Carpenter’s employment, including her positions and duties, her annual base salary, her target bonus percentage, and her eligibility to participate in our equity incentive plan and our
benefit plans generally