Company: BKTI
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001437749-25-012867
Chunk: 44

Company: BK Technologies Corp
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 44
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3) | The options were granted on June 22, 2022, and will vest immediately upon a change in control that occurs on or before the five-year anniversary of the date of grant. |

| (4) | The options were granted on July 11, 2023, and vest in five equal annual installments, beginning on July 11, 2024. |

| (5) | The options were granted on February 6, 2024, and vest in five equal annual installments, beginning on February 6, 2025. |

| (6) | The options were granted on October 30, 2019, and are fully vested and exercisable. |

| (7) | The options were granted on March 1, 2022, and are fully vested and exercisable. |

| (8) | These RSUs were granted on June 23, 2023 and will vest 12 months after the Company achieves a specified level of certain sales revenue. |

Retirement Benefits for 2024

We do not have a defined benefit plan for the Named Executive Officers or other employees. The only retirement plan available to the Named Executive Officers in 2024 was the qualified 401(k) retirement plan, which is available to all employees.

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Potential Payments Upon Termination or In Connection With a Change of Control

Employment Agreements

The Employment Agreements provide for severance payments in the event the Named Executive Officer’s employment is terminated by the Company without “cause.” Each Named Executive Officer will be entitled to an amount equal to six months (twelve months for Mr. Suzuki) of his base salary in effect at the time of termination or the original base salary set forth in his respective Employment Agreement, whichever is greater.

Any severance payable to a Named Executive Officer under his Employment Agreement will be paid by the Company over a twelve-month period in accordance with the Company’s normal payroll practices and subject to applicable law. None of the Named Executive Officers will be entitled to severance payments in the event he is terminated for “cause.” For purposes of the Employment Agreements, “cause” will exist if the Named Executive Officer (i) acts dishonestly or incompetently or engages in willful misconduct in performance of his executive duties, (ii) breaches the Named Executive Officer’s fiduciary duties owed to the Company, (iii) intentionally fails to perform duties assigned to him, (iv) is convicted or enters a plea of