Company: SPWH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054732
Chunk: 41

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 41
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 service not been terminated, based on actual performance for the second performance period; or

if such termination occurs during the third year after the grant date, (1) any restricted stock units for the first and second performance periods that had previously become eligible to vest and (2) the number of restricted stock units that would have become eligible to vest had Mr. White’s employment or service not been terminated, based on actual performance for the third performance period.

If Mr. White’s employment is terminated for gross misconduct, or by Mr. White without good reason (as such terms are defined in his severance agreement), any unvested time-based restricted stock units and any unvested performance-based restricted stock units shall terminate upon Mr. White’s termination of employment or service.

Termination of employment without gross misconduct or with good reason.In the event Mr. White’s employment is terminated by the Company without gross misconduct (and other than due to Mr. White's incapacity), or by Mr. White for good reason (as these terms are defined in his severance agreement), Mr. White will be entitled to receive (in addition to his accrued obligations), subject to providing a release of claims to the Company, (1) continued payment of his base salary (as severance pay) for twelve months following such termination of employment, (2) a pro-rated portion

of his target annual bonus for the year in which such termination of employment occurs, and (3) our payment or reimbursement of COBRA premiums for him and his eligible dependents for up to twelve months.

In addition, in the event Mr. White’s employment is terminated by the Company without gross misconduct (excluding his death or disability), or by Mr. White for good reason, Mr. White’s time-based and performance-based equity awards that are unvested will terminate upon his termination, except as provided below under “—Change in Control.”

Change in Control. Pursuant to the terms of Mr. White’s severance agreement, in the event Mr. White’s employment is terminated by us without gross misconduct (and other than due to Mr. White’s incapacity) or by Mr. White for good reason, and if such termination of employment occurs on or after the date of a change of control (as such term is defined in the severance agreement), any time-based vesting conditions applicable to his equity awards will be considered satisfied.

Pursuant to Mr. White’s award agreements for his time-based restricted stock units, if Mr. White’s employment is terminated by us without