Company: AWRE
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058702
Chunk: 24

Company: AWARE INC /MA/
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 24
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 the closing prices of our common stock on the Nasdaq Global Market on October 30, 2024, and November 2, 2024, of $2.07 and $1.63 per share, respectively, based on the disclosure of material nonpublic information in Forms 8-K filed on October 30, 2024. The percentage change in the closing market price of the securities underlying the options between the trading day ending immediately prior to and the trading day beginning immediately following the filing of our Quarterly Report for the three months ended September 30, 2024 was 2.6% Post-Employment Compensation Pension Benefits Table We do not have any tax-qualified or non-qualified defined benefit plans or supplemental executive retirement plans. Non-qualified Deferred Compensation Table We do not have any non-qualified defined contribution plans or other non-qualified deferred compensation plans. Potential Payments Upon Termination or Change in Control Separation Agreement with Mr. Eckel

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On October 30, 2024, we entered into a letter agreement with Mr. Eckel (the “Separation Agreement”) regarding the terms of his separation of employment with Aware. Pursuant to the terms of the Separation Agreement, we and Mr. Eckel agreed that Mr. Eckel would leave Aware and our board of directors, effective December 31, 2024. Subject to Mr. Eckel’s continued compliance with the terms of the Separation Agreement, including the agreement not to compete included therein, he is entitled to receive the following severance from us: (i) $318,270, which represents his annual base salary and is payable as salary continuation for twelve months beginning January 1, 2025; (ii) vesting of all time-based stock options and other time-based stock-based awards held by Mr. Eckel that would have vested had he remained employed with Aware through December 31, 2025; (iii) entitlement to any bonus that he earned in respect of his and our performance in 2024 based on the bonus metrics approved by the board of directors; and (iv) continuation of certain health benefit coverage through December 31, 2025.

The Separation Agreement supersedes in its entirety the Employment Agreement we previously entered into with Mr. Eckel.

Employment Agreements

We entered into an Employment Agreement (each, an “Employment Agreement”) with Mr. Lazzouni on November 19, 2019 and Mr. Traverse