Company: VGASW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001628280-25-020032
Chunk: 39

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
---
 ” below.

Employee and Retirement Benefits. We currently provide broad-based health and welfare benefits that are available to our full-time employees, including our NEOs, including health, life, vision and dental insurance. In addition, we currently make available a retirement plan intended to provide benefits under Section 401(k) of the Code, pursuant to which employees (including our NEOs) may elect to defer a portion of their compensation on a pre-tax basis and have it contributed to the plan. Pre-tax contributions are allocated to each participant’s individual account and are then invested in selected investment alternatives according to the participants’ directions. Our 401(k) plan does not provide for any employer contributions. All contributions under our 401(k) plan are subject to certain annual dollar limitations in accordance with applicable laws, which are periodically adjusted for changes in the cost of living. Other than the 401(k) plan, we do not provide any qualified or non-qualified retirement or deferred compensation benefits to our employees, including our NEOs.

Termination and Change in Control Payments. Each of Messrs. Miller, Doyle and Burdette have post-termination benefits under the Miller Agreement, the Doyle Agreement and Burdette Agreement, as applicable, which are described above.

All options held by Messrs. Miller, Doyle and Burdette fully vest upon a change in control (as defined in the Plan). With respect to options granted in 2023, upon the respective termination of Mr. Miller’s or Mr. Doyle’s employment or services to the Company and its affiliates by the Company without cause (as defined in the Plan) or due to their respective death or disability (as defined in the Plan), in each case, a prorated portion of the options that remains unvested as of such date will become vested with respect to a number of shares equal to (x) 25% of the shares underlying the option award, times (y) a fraction equal to (A) the number of days as of the date of such termination of service that have elapsed since the immediately preceding vesting date or, if none, the grant date, divided by (B) 365.

With respect to options granted in 2024, upon the respective termination of Mr. Miller’s, Mr. Doyle’s or Mr. Burdette’s employment or services to the Company and its affiliates other than for cause by the Company (or a voluntary termination after an occurrence of an event that would be grounds for termination for cause by the Company), in each case, a