Company: FWRG
Filing Date: 2025-03-14
Form Type: 8-K
Source: 0001789940-25-000025
Chunk: 1

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-03-14
Form: 8-K
Item: Item 5.02
Chunk 1
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 lump sum payment equal to the product of (x) the full annual premium that the executive would have to pay for continued healthcare coverage for the executive and executive’s dependents in the Company’s medical insurance plan under COBRA and (y) the multiples applicable to the severance payments described above in this paragraph, and (iv) each outstanding unvested award under the 2021 Plan will vest in full as of the date of termination.

The foregoing description of the Executive Severance Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Executive Severance Plan, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 9.01 - Financial Statements and Exhibits.