Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 116

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 116
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 employee any right to continued employment, nor shall it interfere in any way with the right of the Corporation or any Subsidiary or Affiliate to terminate the employment of any employee at any time.

d. Exercise or Purchase Price and Tax Withholding Obligations . The Corporation shall withhold, or require a Participant to remit to the Corporation, prior to the issuance or delivery of any Shares or cash under any Award, an amount sufficient to satisfy any exercise or purchase price or tax withholding obligations associated therewith. The Committee may, in its sole discretion, permit or require a Participant to satisfy such obligations, in whole or in part, by (i) delivering to the Corporation unrestricted Shares held by such Participant (whether by actual delivery or through attestation), (ii) withholding Shares otherwise issuable to the Participant under the Award, or (iii) authorizing an irrevocable election to a broker-dealer acceptable to the Corporation to make cash payments in respect of such obligations using proceeds from the prompt sale of Shares to be issued under the Award. Any Shares delivered or withheld under this paragraph shall be valued based on the Fair Market Value of such Shares at that time. The Committee may further permit Participants to elect to have any tax withholding obligation satisfied at the maximum applicable withholding rates in the Participant’s jurisdiction(s) that may be utilized without creating adverse accounting consequences.

e. Dividends and Dividend Equivalents. The Committee may provide in an Award Agreement that Shares underlying Awards shall accrue dividends or dividend equivalents; provided, however, that dividends and dividend equivalents may not be accrued or paid in connection with any Stock Appreciation Right or Stock Option; provided, further, that Award Agreements in respect of Restricted Stock (or any similar Award where a dividend on the underlying Shares must be paid as a matter of law) shall be deemed to provide that any dividends on the underlying Shares will be accrued and held by the Corporation until such time as the underlying Shares vest. Dividends or dividend equivalents authorized under this paragraph may be accrued either in the form of (i) cash to be paid at such time as the Shares on which they were accrued are earned, vested and distributed (in each case, as applicable) or (ii) additional Shares subject to the Award under which they were accrued (which additional Shares shall be subject to the same terms, conditions and restrictions as the Shares on which they were accrued). In the event that Shares underlying an Award are forfeited, any dividends or dividend equivalents previously accrued on such Shares shall simultaneously be forfeited.