Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 69

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 69
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    2,745,694 |              |

| Barbara J.Runyon                        | Severance amount | 1,048,897(1) | 1,526,599(2) |
| Equity incentives (vesting accelerated) |                ― | 1,024,812(3) |              |
| Total                                   |        1,048,897 |    2,551,412 |              |

| (1) | Represents cash severance benefits per the employment contracts. |

| (2) | Represents enhanced cash severance in the event of a termination in the first 12 months following a change in control per the employment contracts. |

| (3) | Reflects accelerated vesting of RSUS and PSUs in the event of a termination in the first 12 months following a change in control under the award agreements, with the number of                                   
 PSUs based on actual performance through the change in control for PSUs subject to a stock price or total shareholder return performance measure and at target for PSUs subject to any other performance measure. |

| (4) | Amounts reported in this table for Mr. Stocker were converted from Euros to US Dollars using the 2024 average exchange rate of EUR 1 = 1.05 USD. |

89 | 2025 PROXY STATEMENT Actual Severance Benefits for Termination Events in 2024 – Eyler, Anversa and Xu Mr. Eyler . In connection with his involuntary separation, not for cause, effective December 31, 2024, Mr. Eyler entered into a Separation and Consulting Agreement that confirmed specified severance benefits from his employment agreement. His severance benefits were contingent on compliance with non-competition and non-solicitation restrictive covenants through June 30, 2026, as well as non-disparagement restrictive covenant and applicable clawback policies. His separation benefits in cash include: (1) a lump sum of $2,295,000, representing one year base salary and one year of target bonus, payable within 60 days of the separation date (which was paid on January 30, 2025), (2) his earned cash bonus for 2024 based on actual performance of the Company (with a minimum of target payout), which amount was $1,474,524 (which was paid on March 14, 2025, concurrently with other executive officers of the Company), (3) outplacement services for one year up to $50,000