Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 89

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 89
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SE on May 23, 2025).

(3) For each of our U.S.-based NEOs, amounts in this column include (i) death benefits equal to two times the NEO’s base salary on the date of death, capped at $1,000,000; if death is due to an accident the death benefit is as previously described plus $1,000,000; (ii) disability benefits equal to 60% of the NEO’s monthly base salary (capped at $12,500 per month) for 12 months; and (iii) the costs of health and welfare benefits continuation and outplacement benefits under the COC Plan. The Netherlands' plan payments under the Return to Work (WGA) scheme for partially disabled and the Capacity for Work and Income Act (WIA) for Mr. Schroeder would equal $403,057 (371,628 Euro); if death is due to an accident. a one-time cash payment equal to two times the fixed annual salary; if disability is due to accident, a one-time cash payment equal to up to three times the fixed annual salary, depending on degree of disability, is due.

(4) Mr. Werner is considered eligible for normal retirement treatment; Mses. Madarieta and Wilks and Messrs. Smith, Schroeder and Spytek have not met the early retirement criteria and as such, if their termination was voluntary without good reason, their unvested equity awards would be forfeited.

(5) Should termination due to death be deemed as an accident, for NEOs residing in the U.S., there would be an additional $1,000,000 accidental death payment from the health plan. Mr. Schroeder is entitled to amounts required under the contractual severance payment defined in his Netherlands employment agreement equal to $454,480 (400,000 Euro); additionally, Mr. Schroeder is entitled to the remaining month's pay plus two months pay in the event of termination due to death; if death is due to an accident, a one-time cash payment equal to two times the fixed annual salary is due.

#### Separation Agreement with Ms. Miller
As discussed under “Compensation Discussion and Analysis” above, in connection with Ms. Miller’s termination of employment without cause, we entered into a separation agreement, effective January 2, 2025. Under the agreement, Ms. Miller will receive continued payment of her base salary for twelve months and a lump sum payment equal to accrued and unpaid vacation hours ($24,038)