Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 104

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 104
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 Such adjustments may include the cancellation of outstanding Awards in exchange for payments of securities, property, rights or cash, or a combination thereof, having an aggregate value equal to the value of such Awards, as determined by the Committee in its sole discretion (it being understood that any such determination by the Committee that the value of a Stock Option or Stock Appreciation Right shall for this purpose be deemed to equal the excess, if any, of the value of the consideration being paid for each Share pursuant to such adjustment over the exercise price of such Stock Appreciation Right or Stock Option shall conclusively be deemed valid).

ii. In the case of unusual or nonrecurring gains and losses; changes in law, regulations or in generally accepted accounting principles; or other extraordinary events, in each case not foreseen at the time that any Performance Goals for an Award were established, the Committee shall adjust such Performance Goals (which may include how results are measured with respect thereto) in a manner that it determines to be equitable and appropriate to address the impact of such unforeseen events, unless otherwise expressly provided in the applicable Award Agreement.

iii. Any adjustments made pursuant to this Section 3(f) to Awards that are considered "nonqualified deferred compensation" subject to Section 409A of the Code shall be made in compliance with the requirements of Section 409A of the Code; and any adjustments made pursuant to this Section 3(f) to Awards that are not considered "deferred compensation" subject to Section 409A of the Code shall be made in such a manner as to ensure that by virtue of such adjustments, either: (A) the Awards continue not to constitute "deferred compensation" subject to Section 409A of the Code; or (B) no penalty taxes are imposed under Section 409A of the Code in respect of such Awards.

iv. Any adjustment under this Section 3(f) need not be applied uniformly to all Participants.

g. Detrimental Activity. If a Participant engages in any Detrimental Activity, the Committee may cancel, rescind, or otherwise limit or restrict any and all Awards (or any portions thereof) that were issued or outstanding at any time from and after the occurrence of such activity. In the event the Committee determines to so cancel, rescind, or otherwise limit or restrict an Award under which the Participant previously received Shares, cash or other property as a result of a vesting, distribution or exercise following his or her engagement in any Detrimental Activity, the Participant shall promptly repay to