Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 204

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 204
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 party to offer letters with each of Mr. Repass and Ms. Goncalves, which set forth the terms and conditions of employment for each such executive, including base salary, their initial Fold RSU Awards and eligibility to participate in our employee benefit plans. Such offer letters do not provide for severance. On July11, 2025, the employment of Ms. Goncalves was terminated, following which the Company entered into a severance agreement with Ms. Goncalves on July22, 2025 (the “Severance Agreement”). The Severance Agreement provides for, among other things, (i) a lump severance payment by the Company to Ms. Goncalves in the amount of $36,666.66, (representing two months of Ms. Goncalves’s base salary), less applicable tax withholdings; (ii) payment by the Company of Ms. Goncalves’ COBRA premium for the month of August 2025; (iii) a general release of claims by Ms. Goncalves in favor of the Company and its affiliates; and (iv) certain restrictive covenants applicable to Ms. Goncalves, including nondisclosure and non -disparagementrequirements, as well as an obligation not to solicit employees or other service providers of the Company for a period of 12months. 128 FOLD’S DIRECTOR COMPENSATION Fold has not historically maintained a formal non -employeedirector compensation program, and none of Fold’s non -employeedirectors received compensation from Fold for their service on the board of directors in 2024. In connection with the Business Combination, we approved a compensation program for our non -employeedirectors (the “Director Compensation Program”), which became effective as of the closing of the Business Combination. The material terms of the Director Compensation Program are summarized below. Cash Compensation Under the Director Compensation Program, non -employeedirectors serving on the Board are entitled to cash compensation in the following amounts: •Annual Retainer: $40,000 •Additional Annual Retainer for Non -ExecutiveChair: $50,000 •Additional Annual Retainer for Lead Independent Director: $25,000 •Annual Committee Chair Retainers: •Audit Committee: $20,000 •Compensation Committee: $15,000 •Nominating and Corporate Governance Committee: $10,000 •Annual Non -ChairCommittee Member Retainers: •Audit Committee: $10,000 •Compensation Committee: $7,500 •N