Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 101

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 101
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 Committee, nor any member of either or any delegate thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan, and the members of the Board and the Committee (and any delegate thereof) shall be entitled in all cases to indemnification and reimbursement by the Corporation in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys' fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors' and officers' liability insurance coverage which may be in effect from time to time and/or any indemnification agreement between such individual and the Corporation.

e. Award Agreements. The terms and conditions of each Award, as determined by the Committee, shall be set forth in a written (or electronic) Award Agreement, which shall be delivered to the Participant receiving such Award upon, or as promptly as is reasonably practicable following, the grant of such Award. The effectiveness of an Award shall be subject to the Participant's acceptance of the applicable Award Agreement within the time period specified in the Award Agreement, unless otherwise provided in the Award Agreement. Award Agreements may be amended only in accordance with Section 12(c) hereof.

f. Minimum Vesting Period. Subject to Section 10(b), Awards granted under this Plan shall be subject to a minimum period of one-year from the Grant Date for the vesting, distribution and/or exercisability thereof, except for: (i) Substitute Awards, (ii) Replacement Awards, (iii) Awards to non-employee directors that vest on the earlier of the one-year anniversary of the date of grant and the next annual shareholders meeting which is at least 50 weeks after the immediately preceding year's annual meeting, (iv) Awards granted in settlement of an obligation to pay cash, (v) Awards granted to match an employee's elected compensation deferrals under a deferred compensation plan maintained by the Corporation, (vi) acceleration in connection with death, Disability, or Termination of Service without cause or for retirement or good reason; and (vi) such other Awards that, in the aggregate and as calculated using the share counting rules set forth in Section 3, provide for the issuance of up to 5% of the total number of Shares authorized for issuance under this Plan.

SECTION 3. COMMON STOCK SUBJECT TO PLAN; ADJUSTMENTS

a. Authorized Shares. Subject to Sections 3(b), 3(c) and 3(f), the maximum number of Shares that may be