Company: LASR
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001124796-25-000043
Chunk: 64

Company: NLIGHT, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 64
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ii) premium payments to maintain group health insurance continuation benefits pursuant to “COBRA” for him and his respective dependents for up to 18 months, or taxable monthly payments of an equivalent amount for the same period, and (iii) 100% of the then-unvested shares subject to his outstanding equity awards will immediately become vested and exercisable (in the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance measured as of the date of termination or 100% of target levels, unless the applicable equity award agreement provides otherwise).

Mr. Keeney’s employment agreement includes a Section 280G “best results” provision, which provides that if the severance payments or other benefits provided to the NEOs constitute “parachute payments” under Section 280G of the Internal Revenue Code, his severance and other benefits will be either (i) delivered in full or (ii) delivered only to a lesser extent that would result in no portion of such severance benefits being subject to applicable excise tax, whichever results in the greatest amount of after-tax benefits. We included this provision in the employment agreements to be clear that no Section 280G tax gross-ups would be provided.

#### Joseph Corso
We entered into an employment agreement with Mr. Corso in August 2020. The employment agreement does not have a specific term and provides that Mr. Corso is an at-will employee.

Pursuant to the employment agreement with Mr. Corso, if we terminate the employment of Mr. Corso other than for death, “disability,” or “cause” (as such terms are defined in Mr. Corso's employment agreement) outside the change in control period (as defined below), and Mr. Corso executes a waiver and release of claims in our favor that becomes effective and irrevocable within 60 days following his termination, Mr. Corso will be entitled to (i) continuing payments of his base salary for a period of six months and (ii) premium payments to maintain group health insurance continuation benefits pursuant to “COBRA” for him and his respective dependents for up to six months, or taxable monthly payments of an equivalent amount for the same period. Mr. Corso's then-outstanding equity awards will remain outstanding for three months or until the occurrence of a “change in control” (as defined in Mr. Corso's employment agreement) (whichever is earlier)