Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 42

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 42
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 into a definitive agreement that, if consummated, would have resulted in a change in control and ending on the 12-month anniversary of such change in control, she was entitled to all items specified in clauses (i) through (v) above. However, in lieu of the amount described in clause (i), she was entitled to receive a lump sum payment equal to 150% of the sum of (A) her base salary and (B) her target bonus for the year in which the termination occurred. Further, the accelerated vesting described in clause (iv) occurred without regard to the 12-month period. Notwithstanding the foregoing, if Dr. Shamsunder was terminated without cause during the first two years of her employment, all of her then-outstanding unvested performance-based equity awards vested as of the date immediately prior to her termination. 401(k) Plan We maintain a 401(k) retirement savings plan, or 401(k) plan, for our U.S. employees. Each of our Named Executive Officers is eligible to participate in the 401(k) plan on the same terms as other U.S. employees. The 401(k) plan is intended to qualify as a tax-qualified plan under Section 401(k) of the Internal Revenue Code. The 401(k) permits each participant to contribute up to 85% of his or her eligible compensation (subject to the annual statutory limit, which was $2 3,000 for calendar year 2024), and participants who are 50 years or older can also make “catch-up” contributions (subject to the annual statutory limit, which was $7,500 for calendar year 2024). In addition, the 401(k) plan provides participants with safe harbor employer matching contributions equal to 100% of the first 3% of eligible earnings deferred and an additional 50% of the next 2% of eligible earnings deferred. We believe that providing a vehicle for tax-deferred retirement savings through our 401(k) plan adds to the overall desirability of our executive compensation package and further incentivizes our employees based in the United States, including our Named Executive Officers, in accordance with our compensation policies.

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Health/Welfare Plans Our full-time U.S. employees who satisfy certain eligibility requirements are eligible to participate in our health and welfare plans, including medical, dental and vision benefits; medical and dependent care flexible spending accounts; short-term and long-term disability insurance; and life insurance. Each of our Named Executive