Company: IOT
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001642896-25-000046
Chunk: 56

Company: Samsara Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 56
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 applicable to an equity award occurring in the first fiscal quarter following the fiscal quarter in which the termination occurred, and (iii) only if subclause (i) is not applicable because the termination occurred after the applicable vesting date, then any vesting date applicable to an equity award occurring in the second fiscal quarter following the termination.

In the event of a termination of the employment of a named executive officer, other than our CEO, by us for a reason other than “cause” or the named executive officer’s death or “disability” (as such terms are defined in our Severance Plan), that occurs outside the change in control period (as described below), the named executive officer would be entitled to the following payments and benefits from the company:

• a lump sum payment equal to 50% of the named executive officer’s annual base salary, plus 50% of the named executive officer’s target annual non-equity incentive amount as in effect for the fiscal year in which the termination occurs;

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• reimbursement, or taxable lump sum payment in lieu of reimbursement, equal to the premium cost of continued health coverage under COBRA, for a period of six months; and

• satisfaction of the time and service-based vesting requirements under then-outstanding and unvested equity awards (but without waiver of any cliff service vesting date) with respect to (i) any vesting date applicable to an equity award occurring after the date of termination but within the same fiscal quarter in which the termination occurred, (ii) any vesting date applicable to an equity award occurring in the first fiscal quarter following the fiscal quarter in which the termination occurred, and (iii) only if subclause (i) is not applicable because the termination occurred after the applicable vesting date, then any vesting date applicable to an equity award occurring in the second fiscal quarter following the termination.

In the event of a termination of the employment of our CEO, Mr. Biswas, by us for a reason other than “cause” or his death or “disability” or by him for “good reason” (as such terms are defined in our Severance Plan), in either case, occurring within a period beginning three months prior to and ending 18 months following a “change in control” (as defined in our Severance Plan), Mr. Biswas would be entitled to the following payments and benefits from the company:

• a lump sum payment equal to 150% of his annual base salary, plus 150%