Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 44

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 44
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ai for good reason, as a result of his death or disability, or in connection with a change in control of the company that does not result in Mr. Ghai receiving a comparable offer of employment with the purchaser, Mr. Ghai is eligible for the following benefits: (i) vesting of his sign-on equity awards granted in connection with his commencement of employment in 2022, (ii) vesting of all other equity awards that he has held for at least one year if such termination occurs on or before December 31, 2026, (iii) the lump sum cash payment provided under the U.S. Executive Severance Plan (as described and quantified above), and (iv) a pro-rata AEIP payment for the year of termination if such termination occurs after March 31 of such year. See Equity Awardson page 50 regarding the value of the equity treatment. Under Mr. Ghai’s offer letter, the following terms have the meanings set forth below:

| • | Cause                                                                                          
 generally means Mr. Ghai’s (i) willful failure to perform his duties (other than               
 any such failure resulting from incapacity due to disability) or comply with any valid         
 and legal directive of the company or the Board that is consistent with his position,          
 (ii) engagement in dishonesty, illegal conduct, or misconduct, which, in each case, materially 
 harms or is reasonably likely to materially harm the company, (iii) conviction of or           
 plea of guilty or nolo contendere to a crime that constitutes a felony (or state law           
 equivalent) or a crime that constitutes a misdemeanor involving moral turpitude, (iv)          
 willful or grossly negligent unauthorized disclosure of confidential information, (v)          
 material breach of any material obligation under the offer letter or other agreement           
 with the company which materially harms or is reasonably likely to materially harm the         
 company, or (vi) willful material failure to comply with company policies.                     |

| • | Change                                                                                 
 in control generally occurs when (i) a person or entity acquired ownership of GE stock 
 or of the GE Aerospace                                                                 |

| business                                                                                 
 that, together with prior holdings, constitutes at least 50% of the total fair market    
 value or total voting power of the outstanding shares of GE or the GE Aerospace business 
 or (ii) there is a sale of substantially all of the assets of GE or of the GE Aerospace  
 business.                                                                                |

| • | Good                                                                                        
 reason generally means any of