Company: RILYN
Filing Date: 2025-10-22
Form Type: DEF 14A
Source: 0001213900-25-101228
Chunk: 46

Company: B. Riley Financial, Inc.
Filing Date: 2025-10-22
Form: DEF 14A
Chunk 46
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 employment through the payment date. •Promptly following the Commencement Date, a grant of options to purchase a total of three hundred thousand (300,000) shares of common stock (i) 100,000 of which are exercisable at $7 per share, (ii) 100,000 of which are exercisable at $10 per share, and (iii) 100,000 of which are exercisable at $12.50 per share. The options will vest ratably over three years, subject to continued employment with the Company through each such date. •Promptly following the Commencement Date, one hundred thousand (100,000) unregistered shares of Common Stock. •Eligibility each fiscal year, beginning with fiscal year ending December31, 2026, to receive an annual long -termincentive award under our equity incentive plan with a value determined by the Company in its sole discretion. Each such award will be subject to approval of the Compensation Committee and vest annually over a three -yearperiod. •Notwithstanding the terms of any existing agreement or plan, all outstanding unvested stock options, RSUs, SARs and other unvested equity linked awards granted during the term of Mr. Yessner’s employment agreement shall become fully vested upon a Change of Control (as defined in the 2021 Plan) and exercisable for the remainder of their full term. •Participation in benefit plans for our executives, reimbursement for all reasonable and necessary out -of-pocketexpenses incurred by such executive in the performance of such executive’s respective duties and vacation in accordance with our policies. •A requirement for each party to give twenty (20) days prior written notice to terminate such individual’s employment. 29 •If Mr. Yessner is terminated with Cause (as defined in the employment agreement) or resigns without Good Reason (as defined in the employment agreement), he shall be paid his base salary and accrued unused leave, if any, owed through the termination date. •If Mr. Yessner is terminated without Cause, for Death or for Disability (as defined in the employment agreement) or resigns for Good Reason, he shall receive, subject to the execution of a general release, a severance payment payable in one lump sum within 60 days of termination in an amount equal to two times his base salary. In such circumstances, he shall also be eligible for reimbursement for the monthly COBRA premium paid by such executive for himself (and his dependents, if applicable),