Company: KITTW
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001849820-25-000120
Chunk: 50

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 50
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. The offer letter provides for (i) an initial annual base salary of $300,000, (ii) a target annual cash bonus opportunity 50% of Mr. Symington’s annual base salary received during the applicable performance year in the discretion of the Compensation Committee, (iii) a sign-on incentive equity award equal to 210,000 shares of common stock of the Company, vesting over five years (the “Initial Award”) and (iv) annual equity incentive grants. If (i) Mr. Symington is terminated by the Company for any reason other than for cause or other than his breach of the terms and conditions of the offer letter, or (ii) Mr. Symington terminates his employment for good reason, then to the extent Mr. Symington executes and does not revoke a general release of claims in favor of the Company, Mr. Symington will be entitled to 6 months of continued base salary. In addition, if (i) the Company has not granted Mr. Symington the full amount of the Initial Award, and (ii) a change of control occurs, and (iii) Mr. Symington is terminated within 12 months of such change of control for any reason other than for cause or Mr. Symington terminates his employment for good reason, Mr. Symington will receive a cash award equal to the value of the number of shares remaining to be granted under the Initial Award.

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OTHER POLICIES, GUIDELINES AND PRACTICES RELATED TO EXECUTIVE COMPENSATION</div>

#### Executive Severance Plan
On March 23, 2023, the Board adopted a severance plan applicable to future executives, and to then-current executives beginning two years after the date of adoption. Under the severance plan, the CEO receives 18 months of salary plus COBRA benefits, and other C-suite executives receive 12 months of salary plus COBRA benefits, in each case upon termination not for cause or for good reason. In addition, in the event of termination after a change of control (as defined in the Nauticus Robotics, Inc. 2022 Omnibus Incentive Plan), the executive will receive a pro-rata portion of their current year bonus at target performance and vesting of equity awards is accelerated (with performance-based stock awards paid out at target). At present, the severance plan is only applicable to Mr. Gibson.

#### Hedging and Pledging of Company Securities
Directors, officers and employees are