Company: SBAC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001193125-25-074669
Chunk: 71

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 71
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59

| Proxy Summary |     | Proposal 1 |     | Corporate Governance |     | Executive Officers |     | Executive Compensation |     | Security Ownership |     | Proposal 2 |     | Proposal 3 |     | Other Compensation Disclosures |     | Q&A About Voting |     | Other   
 Matters |
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The Cavanagh Employment Agreement and the Executive Severance Plan define Cause, Good Reason and Change in Control as follows.

| > | “Cause,” means any of the following events: (1) the officer’s willful, material violation of any law applicable to our business; (2) the officer’s conviction of, or plea of “no contest,” to a felony; (3) any willful perpetration by the officer of an act involving moral turpitude or common law fraud, whether or not related to his activities on behalf of the Company; (4) any act of gross negligence by the officer in the performance of his duties; (5) any material violation by the officer of our Code of Ethics or our Code of Conduct; (vi) any willful misconduct by the officer that is materially injurious to our company; (6) the willful and continued failure or refusal of the officer to satisfactorily perform the duties reasonably required of him; (7) the indictment for any crime, whether a felony or misdemeanor, involving the purchase or sale of any security, mail or wire fraud, theft, embezzlement, moral turpitude, or our property where such indictment has a material adverse impact on the officer’s ability to perform his duties, (8) any willful misconduct by the Executive that is materially injurious to the financial condition, business, or reputation of, or is otherwise materially injurious to, any member of the Company, or (9) any material breach by the executive of his non-competition, non-interference, non-disparagement or confidentiality provisions set forth in the Cavanagh employment agreement or the Executive Severance Plan, as applicable. |

| > | “Good Reason,” means any of the following events: (i) the officer’s position, title, duties, and reporting responsibilities in effect on the effective date become less favorable in any material respect, provided, however, that good reason will not have occurred if either (1)