Company: EVCM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001140361-25-016014
Chunk: 47

Company: EverCommerce Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 47
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ata Bonus, and (iii) continued COBRA coverage for up to 12 months following his termination of employment. Mr. Thompson would also be entitled to receive accelerated vesting of any outstanding time-based equity awards as of the date of his termination that would have vested during the 12 month period following the date of his termination if he had remained employed through such 12 month period, and any outstanding performance-based equity awards would remain outstanding and eligible to vest during such 12 month period based on actual achievement. If Mr. Thompson was terminated by us without Cause or by Mr. Thompson for Good Reason within one (1) month before or within 12 months after a change in control, Mr. Thompson would be entitled to receive all of the benefits described above, provided, however, that any outstanding time-based equity awards granted prior to such change of control would fully accelerate and vest. Furthermore, if Mr. Thompson was terminated by reason of his death or disability, he would be entitled to, in addition to any accrued amounts, subject to his execution and non revocation of a release of claims, the Pro Rata Bonus. The Thompson Employment Agreement also provided for a Code Section 280G “cutback” such that payments or benefits that he received in connection with a change in control would be reduced to the extent necessary to avoid the imposition of any excise tax under Code Sections 280G and 4999 if such reduction would result in a greater after-tax payment amount to Mr. Thompson. The Thompson Employment Agreement contained a perpetual confidentiality covenant as well as one-year post-termination (other than without cause) non-competition and non-solicitation covenants. Separation Agreement In connection with the Mr. Thompson’s separation from employment as the Company’s Chief Financial Officer, the Company entered into a separation and release of claims agreement with Mr. Thompson, dated August 6, 2024 (the “Separation Agreement”). Pursuant to the Separation Agreement, subject to Mr. Thompson’s continued employment and provision of transition services through September 6, 2024, execution and non-revocation of a release of claims and his compliance with the applicable restrictive covenants, Mr. Thompson received the following payments and benefits: (i) an amount equal to twelve months of his base salary, payable in a lump sum, (ii) his annual target bonus for 2024, prorated on the number of days he was employed by the Company during 2024, payable in a lump sum, (iii)