Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 100

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 100
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 qualifying “sum of 70” retirement, as applicable: (1) in the event of a participant’s death or “disability” (as such term is defined in the 2015 Plan) prior to the date the Compensation Committee determines the actual bonus awards payable to participants, or the bonus payout determination date, the participant will be paid a cash amount equal to the cash portion of his or her target annual incentive bonus, prorated based on the employee’s service during the performance period; (2) in the event of a participant’s death or disability on or after the bonus payout determination date but prior to the actual payment date for such awards, the participant will be paid the cash portion of his or her annual incentive bonus based on the actual level of achievement of the applicable performance goals; and (3) in the event of a participant’s qualifying “sum of 70” retirement between December 15 and February 1, and provided the participant provides us with at least six months’ advance notice of his or her intent to retire, the participant will (a) be paid the cash portion of his or her annual incentive bonus based on the actual level of achievement of the applicable performance goals and (b) fully vest in the equity portion of his or her annual incentive bonus.

Our executive officers do not receive any supplemental retirement benefits.

#### Perquisites
While they are a relatively small portion of our executives’ total direct compensation opportunities, perquisites and other executive benefits are important to ensure competitiveness at the senior leadership level. Since 2018, we have offered financial counseling and tax preparation services to our executive officers, other than our chief executive officer who is not eligible for such services. We believe that these benefits are important to ensure the financial health of our executive officers, which enables them to focus on our business. Beginning in 2024, we also offer our executive officers reimbursement for the cost of executive physicals and concierge medical services, the latter of which we provided on a tax-neutral basis. Individually and in the aggregate, we believe that the perquisites we provide to our NEOs are comparable in scope to those provided by the companies in our peer group. In considering potential perquisites, the Compensation Committee compares the cost to the value of providing these benefits.

#### Accounting and Tax Considerations
Under Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC 718”), we are required to estimate and record an expense for each award of equity compensation over the vesting period of the award. We record share