Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 63

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 63
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 30,628 |     |            |         - |
| Michael McDaniel Total Termination Benefits ($) |     |                            |           |     |                 | 1,118,991 |     |                                                                                               |  3,040,898 |     |            | 1,093,046 |

____________________

(A) This column reflects the outstanding LTIP incentive awards of Messrs. Skelton and Prout, who as of December 31, 2024, are eligible for retirement, under our long-term incentive plan award agreements. (Please refer to the Long-Term Incentive Retirement Provision under the “Employment and Separation” section for the details on qualifications for retirement.) The outstanding 2023 RSU, 2024 RSU and 2024 PRSU Revenue Growth Awards will continue to vest without proration. The 2023 and 2024 PRSU—rTSR, and 2023 PRSU—Revenue Growth awards are reflected at prorated amounts, based on the number of full months of service as an employee during the vesting period awards (24 of 36 months for the 2023 PRSU awards, and 12 of 36 months for the 2024 PRSU—rTSR awards). Further, all of the PRSU awards continue to be subject to actual performance achievement.

The amounts reflected here list the 2023 & 2024 PRSU—rTSR awards at target; the 2023 PRSU— Revenue Growth awards at 66.25% for 2023 performance, 0% for 2024 performance and at target for

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2025 performance; and the 2024 PRSU—Revenue Growth awards are shown at 54.74% for 2024 performance, and at target performance for 2025 and 2026).

None of our other named executive officers qualify for the Long-Term Incentive retirement benefits based on the provisions in the award agreements.

(B) Each of our named executive officers, under the terms of the Conduent U.S. Executive Severance Policy, would receive salary continuation payments, continued benefits coverage (excluding disability and 401(k) contributions) and continued long-term incentive vesting for 52 weeks. The amounts reported in the table assume salary continuation is paid as a lump sum, although such payments are generally paid in installments consistent with the normal payroll cycle.

In addition, all named executive officers would receive a short