Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 45

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 45
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 of a customary release of claims in favor of Aptiv.

56POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL

DEfinitions

For purposes of our executive compensation plans and arrangements described in this section, the following definitions apply:

"Cause" is generally defined as:

Indictment for a felony or for any other crime that has or could be reasonably expected to have an adverse impact on performance of duties to Aptiv or on the business or reputation of Aptiv;

The NEO being the subject of any order regarding a fraudulent violation of securities laws;

Conduct in connection with employment or service that is not taken in good faith and has resulted or could reasonably be expected to result in material injury to the business or reputation of Aptiv;

Willful violation of Aptiv’s Code of Conduct or other material policies;

Willful neglect in the performance of duties for Aptiv, or willful or repeated failure or refusal to perform these duties; or

Material breach of any applicable employment agreement.

"Good reason" is generally defined as:

A material diminution in base salary;

A material diminution in authority, duties or responsibilities;

Relocation of the NEO's principal place of employment by more than 50 miles; or

Any other action or inaction that is a material breach by Aptiv of the agreement under which the NEO provides services to us.

A "change in control" generally occurs if any of the following events occur (subject to certain limitations and exceptions as further set forth in the applicable plans and arrangements):

A change in ownership or control of Aptiv resulting in any person or group other than Aptiv or a Aptiv employee benefit plan acquiring securities of Aptiv possessing more than 30% of the total combined voting power of Aptiv’s equity securities outstanding after such acquisition;

The majority of the board is replaced by persons whose election was not approved by a majority of the incumbent board;

Consummation of a merger or consolidation of Aptiv, other than a merger or consolidation which would result in the voting securities of Aptiv outstanding immediately prior to such merger or consolidation continuing to represent at least 50% of the combined voting power and total fair market value of the resulting entity; or

Consummation of a sale of all or substantially all of the assets of Aptiv, in one or a series of related transactions, to any person or group other than Aptiv.

POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 57 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL TABLE

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