Company: SWKH
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020718
Chunk: 22

Company: SWK Holdings Corp
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 22
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 equity incentive awards in such form, in such amounts and on such terms as determined by the Compensation Committee, in its discretion; provided, however, that such annual equity award will have a grant date fair value of approximately 33% of the Rice Base Salary. The Rice Employment Agreement also provides that Mr. Rice shall be entitled to participate in the employee benefit plans and programs maintained by the Company for similarly situated employees.

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The Rice Employment Agreement provides that, if Mr. Rice’s employment with the Company ceases for any reason, Mr. Rice will receive the Rice Base Salary earned but unpaid through and including the date of termination, and any other amounts or benefits payable under the terms of the benefit plans of the Company (collectively, the “Accrued Amounts”). Additionally, the Employment Agreement provides that, if Mr. Rice’s employment with the Company ceases due to a termination by the Company within one year following a Change in Control (each as defined in the Rice Employment Agreement), then he will receive: (i) the Accrued Amounts, (ii) continued payment of the Rice Base Salary for a period of 6 months following the date of his termination of employment, (iii) to the extent the Rice Annual Bonus has been earned but not paid with respect to the fiscal year ended immediately prior to the cessation of Mr. Rice’s employment, payment of such Rice Annual Bonus; (iv) waiver or reimbursement of the cost of COBRA coverage for Mr. Rice and his covered family members for up to 6 months following such termination of employment, and (v) an amount equal to 50% of his annualized prior year bonus payment.

Any severance benefit payable under the Rice Employment Agreement will be subject to Mr. Rice’s timely execution and non-revocation of a release of claims.

Mr. Rice will also be bound by confidentiality, intellectual property assignment and restrictive covenants (including an agreement not to compete with the Company or its affiliates, and not to solicit the employees and customers of the Company and its affiliates, during his employment and for 12 months thereafter).

Yvette Heinrichson

Yvette Heinrichson was appointed the Company’s Chief Financial Officer effective October 3, 2022, following Charles Jacobson’s resignation from the role. In connection with Ms. Heinrichson’s appointment as Chief Financial Officer, the Board approved the following compensation for Ms. Heinrichson: (i) an annual base salary of $300,000,