Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 355

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 355
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 bonus opportunity, and equity incentive compensation opportunities (other than a base salary, annual bonus opportunity, or equity compensation opportunity reduction of not more than 20% applicable to all similarly situated employees); a material diminution of executive’s authority, duties or responsibilities; or any other action or inaction that constitutes a material breach by PubCo of the agreement under which the executive provides services (e.g., failure of successor to assume the employment agreement or breach of same). The employment agreements also provide that, regardless of whether the NEO’s employment is terminated, if there is a change in control and (i)if the successor does not assume PubCo’s annual incentive plan, the annual bonus will be paid in the amount of the target bonus; (ii)if the successor does not assume any outstanding retention awards, then such awards will become immediately fully vested; (iii)if the successor does not assume the equity compensation plan in which the executive participates or grant comparable awards in substitution of the outstanding awards under any such plan, then any outstanding equity -basedcompensation awards granted to the executive under such plan, other than performance -basedequity awards, will become immediately fully vested, and any performance -basedequity awards will immediately vest assuming target performance. 181 PubCo Board of Director Compensation Board Fees Payable in Cash NEO’s who are also directors of PubCo will receive no additional compensation for serving on the Board of Directors. It is anticipated that non -executivedirectors will receive the following compensation and other benefits: •The Chairperson of the Board, who will be a non -executivedirector, will receive an annual base fee for services in the amount of $120,000; •Annual Base Fees for Services by all non -executivedirectors of $80,000 payable in cash on a quarterly basis •Non -executivedirectors serving on board committees will each receive $15,000, on an annual basis, payable quarterly in cash for each committee on which they serve; and Non -executivedirectors chairing a board committee will each receive $5,000 on an annual basis, payable quarterly in cash (in addition to the $15,000 fees payable for serving on each board committee). Equity Incentive Awards While the exact number and type of award has not yet been determined, an initial award in the form of RSU’s or options equal to one year’s base fees will be issued to each non -executivedirector upon consummation of the Business Combination. The