Company: NPO
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001171200-25-000088
Chunk: 49

Company: Enpro Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 49
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IVE    
 COMPENSATION |     | POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL |

Potential payments upon termination or change in control Double-trigger management continuity agreements We have management continuity agreements with our executive officers and certain other management employees designed to encourage them to carry out their duties in the event of a change in control of our company. The management continuity agreements are not ordinary employment agreements. They do not provide any assurance of continued employment, or any severance beyond what we provide under the terms of our severance policy, unless there is a change in control of our company. In November 2024, we amended our management continuity agreements then in place to eliminate references to legacy compensation plans and awards that are no longer part of our executive compensation program and to otherwise update the agreements to reflect current terms rather than the terms from 2002 when the form of these agreements were originally adopted. The amendment to the management continuity agreements did not materially affect the economic arrangement under these agreements. At the same time, we approved a new form of management continuity agreement, having terms consistent with the amended agreements, to be entered into with executive officers thereafter. Under amended agreements, any of the following events would be a “change in control”:

| · | any                                                                                       
 person, entity or group becoming the beneficial owner of 20% or more of our common stock, 
 or of the combined voting power of our securities (subject to certain exceptions);        |

| · | a                                                                             
 change in the majority of our directors that our directors have not approved; |

| · | a                                                                                            
 corporate transaction, such as a merger, after which our existing shareholders do not retain 
 more than 70% of the outstanding common stock and combined voting power of the surviving     
 entity in substantially the same proportions as their prior ownership; or                    |

| · | our                                                                                        
 liquidation or dissolution, or the sale of substantially all of our assets (other than to  
 a company in which our existing shareholders own more than 70% of the outstanding common   
 stock and combined voting power in substantially the same proportions as their holdings of 
 our securities prior to the sale).                                                         |

For the named executive officers, the continuity agreement generally provides for the executive’s employment to continue, in the same position and with the same responsibilities and authority, for two years following the change in control. It also provides for the executive to maintain the same benefits and level of compensation, including average annual increases, during that period. If we or our successor terminate an executive’s employment during his or