Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 50

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 50
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good reason” (as defined therein) at any time up to the twelve-month anniversary of the closing of a change in control, we must pay Mr. Crolius a lump-sum cash severance payable within 30 days of his termination. Such severance will consist of:

| (i)  | a                                                                                         
 sum equivalent to six (6) months of his base salary in effect as of his termination date; 
 and                                                                                       |
| (ii) | a                                                                                         
 guaranteed pro-rated bonus.                                                               |

Becher Letter Agreement

If we terminate Mr. Becher’s employment without cause or if he resigns for “good reason” (as defined therein) outside the context of a change in control, we must pay Mr. Becher a severance. Such severance will consist of:

| (i)  | six                                    
 (6) months of salary continuation; and |
| (ii) | six                                    
 (6) months of COBRA reimbursement.     |

However, if we terminate Mr. Becher’s employment without cause or if he resigns for “good reason” at any time up to the thirteen-month anniversary of the closing of a change in control, the severance will consist of:

| (i)   | twelve                                                                                                                          
 (12) months of salary continuation;                                                                                             |
| (ii)  | six                                                                                                                             
 (6) months of COBRA reimbursement; and                                                                                          |
| (iii) | accelerated                                                                                                                     
 vesting of all unvested equity awards under the EIP that would have otherwise vested within four years of the termination date. |

Pension benefits

Our named executive officers did not participate in, or otherwise receive any benefits under, any pension or defined benefit retirement plan sponsored by us during 2024.

Nonqualified deferred Compensation

Our named executive officers did not participate in, or earn any benefits under, a nonqualified deferred compensation plan sponsored by us during 2024.

| 32 |

Employee benefit plans

We believe that our ability to grant equity-based awards is a valuable and necessary compensation tool that aligns the long-term financial interests of our executive officers with the financial interests of our stockholders. In addition, we believe that our ability to grant options and other equity-based awards helps us to attract, retain and motivate executive officers and encourages them to devote their best efforts to our business and financial success. Vesting of equity awards (other than awards granted in lieu of cash salary or bonus) is generally tied to continuous service with us and serves