Company: NEOG
Filing Date: 2025-09-12
Form Type: DEF 14A
Source: 0000950170-25-114381
Chunk: 46

Company: NEOGEN CORP
Filing Date: 2025-09-12
Form: DEF 14A
Chunk 46
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 is entitled to certain payments and benefits (1) following specified termination events and (2) following specified termination events subsequent to a Change-of-Control (as defined in the severance letter agreement) of the Company. Under the severance letter agreements, the NEO will receive the following payments and benefits, as a matter of right, if the Company determines that (a) the NEO resigned for Good Reason (as defined in the severance letter agreement) or (b) the NEO was involuntarily terminated by the Company for reasons other than for Cause (as defined in the severance letter agreement): • Two times (for the CEO) or equal to (for the other NEOs) the NEO’s base salary, payable ratably over a period of 12 months, in accordance with the Company’s regular payroll practices; • The NEO’s Target Bonus (as defined in the severance letter agreement) for the year in which the termination occurred, in a lump sum in the first payment of the severance benefits; and • During the severance period (subject to specified events that would terminate such payments on an earlier date), an amount equal to the full cost of continuation coverage premiums under COBRA for the NEO. If the NEO resigns for Good Reason or the NEO is involuntarily terminated by the Company for reasons other than for Cause, in each case within 12 months following a Change-of-Control, the NEO would receive, as a matter of right, the severance benefits described above as well as full acceleration of vesting of all outstanding equity-based awards granted to the NEO by the Company.

| Neogen Corporation | 2025 Proxy Statement | 43 |

#### Executive Compensation
The following table reflects the amounts that would be payable to each NEO assuming (1) the NEO’s employment was terminated for Good Reason or without Cause as of May 31, 2025, and (2) the NEO’s employment was terminated for Good Reason or without Cause as of May 31, 2025 in a situation where a Change-of-Control of the Company had occurred in the 12 months ending May 31, 2025:

|                  |     | Termination for Good Reason or Without Cause (1) |         |           |     | Termination for Good Reason or Without Cause Within 12 Months After Change in Control (1) |         |           |
|:-----------------|:----|:-------------------------------------------------|:--------|----------:|:----|:------------------------------------------------------------------------------------------|:--------|----------:|
| John