Company: LILA
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001712184-25-000084
Chunk: 69

Company: Liberty Latin America Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 69
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 to renew the 2022 Nair Agreement.

Pursuant to the 2022 Nair Agreement, Mr. Nair is subject to customary restrictive covenants, including those relating to non-solicitation, non-interference, non-competition and confidentiality, during the term of the 2022 Nair Agreement and for two years after termination of his employment (or for an indefinite period after termination of employment in the case of the restrictive covenants relating to confidentiality).

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Summary of the Employment Agreements with our other NEOs

We also entered into employment agreements with Messrs. Noyes and Winter, effective July 24, 2019, with Ms. Lorenzo, effective July 16, 2021, and with Mr. Hussain, effective April 18, 2022. In connection with Ms. Lorenzo’s transition from Chief Customer Officer of the Company to Senior Vice President, General Manager of CWP, our compensation committee approved the changes to her 2024 compensation, which were set forth in a letter agreement in January 2024. Each employment agreement provides for an indefinite term continuing until either party provides advance written notice to the other party of their respective intention to terminate employment with the company.

Under their employment agreements, the Officers will each receive a base salary and our CEO or compensation committee may annually increase, but not decrease, each executive’s base salary. The initial base salaries set forth in the employment agreements for Messrs. Noyes, Winter and Hussain and Ms. Lorenzo were $550,000, $500,000, $625,000 and $440,000, respectively. In 2021, Mr. Winter’s base salary was increased to $550,000, and in 2020 and 2022, Mr. Noyes’s base salary was increased to $625,000 and $675,000, respectively. There were no changes to our Officers’ 2023 base salaries. In 2024, our compensation committee increased our Officers’ salaries (other than Mr. Nair) as follows: Mr. Noyes - $708,750; Mr. Hussain - $656,250; Mr. Winter - $577,500; and Ms. Lorenzo - $600,000. Each of the Officers will be eligible to earn an annual bonus. The compensation committee also increased our Officers’ 2025 salaries (other than Mr. Nair) as follows: Mr. Noyes - $