Company: ALIT
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001809104-25-000159
Chunk: 68

Company: Alight, Inc. / Delaware
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 68
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UNDING(% OF TARGETPOOL) |
| Adjusted EBITDA(1) |   $610.0 |                $45.0 |          $594.0 | 20%                                      |                   $9.1 | 13.0%                        |
| Revenue            | $2,350.0 |                $15.0 |        $2,353.0 | 102%                                     |                  $15.3 | 23.0%                        |
|                    |          |                      |                 |                                          |                        | 36.0%                        |

1) See “Management’s Discussion and Anal ysis of Financial Condition and Results of Operations— Review of Results—Key Components of Our Operations—Non-GAAP Financial Measures” in our Annual Report for a description of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to its comparable GAAP metric. VCP Individual Performance Executives were also eligible to receive an assigned individual performance payout modifier between 0% to 200% to reflect individual performance for the entire fiscal year. For named executive officers other than the CEO, individual performance and assignment of the individual performance payout modifier are based on the CEO’s recommendations and assessment of the executive’s performance for the entire fiscal year. Mr. Guilmette’s individual performance and assignment of the individual performance payout modifier is based on the Compensation Committee’s assessment of his performance against his annual objectives as CEO , and the Compensation Committee’s assessment of his leadership in Fiscal 2024. These objectives are not stated in quantitative terms, and a particular weighting is not assigned to any one of these individual goals. The objectives are not established in terms of how difficult or easy they are to attain; rather, they are used in assessing the overall quality of the individual’s achievement of each objective. For Fiscal 2024, the individual factors and other considerations included: • the achievement of performance objectives tied to Alight’s financial performance and overall business plan; • the accomplishment of Company transformation goals; and • qualitative leadership goals. We do not use a formula to measure individual performance. However, in no event can the assigned individual performance payout modifier result in a VCP payout that exceeds 200% of the executive’s target VCP participation rate Notwithstanding the establishment of the performance components and the formula for determining the VCP award payment amounts, the Compensation Committee can exercise positive or negative discretion and award a greater or lesser amount to our named executive officers than the amount determined by the VCP award formula if, in the exercise of its