Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 353

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 353
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 bonus; (ii)a pro -ratedportion of any annual bonus; (iii)continued medical, dental and vision coverage for up to 18 months;

180 (iv)any equity -basedcompensation awards, other than performance -basedequity awards, that are outstanding will continue to vest as if the executive was still employed; (v)any performance -basedequity awards will, to the extent the performance criteria are met, be earned at 100% of target, pro -ratedbased on the number of months executive worked during the performance period; and (vi)all outstanding retention awards will fully vest. If employment is terminated by the company without “cause” or by the executive for “good reason,” each in connection with a change in control, the executive will be entitled to receive severance consisting of (i)a lump -sumequal to two years’ base salary plus target bonus; (ii)if the successor fails to assume the annual incentive plan, a pro -ratedportion of any annual bonus; (iii)continued medical, dental and vision coverage for up to 18 months; (iv)reimbursement of outplacement services expenses incurred in the 12 months following termination up to $25,000; (v)the full vesting of any retention awards; and (vi)the full vesting of all equity awards other than performance -basedawards and, with respect to performance -basedawards, vesting at 100% of target. The following will be defined in each employment agreement: (i)“cause” is defined as commission of any felony or any crime involving moral turpitude or dishonesty; participation in a fraud against PubCo or any of its affiliates; willful and material breach of the executive’s duties that has not been cured within 30 days after written notice from PubCo of such breach; intentional and material damage to PubCo’s or any of its affiliates’ property; material violation of any policy of PubCo or any of its affiliates or material breach by the executive of his Employee Proprietary Information and Inventions Assignment Agreement with PubCo; and (ii)“good reason” is defined as a material diminution of executive’s aggregate compensation, including, without limitation, base salary, annual bonus opportunity, and equity incentive compensation opportunities (other than a base salary, annual bonus opportunity, or equity compensation opportunity reduction of not more than 20% applicable to all similarly situated employees); a material diminution of executive’s authority, duties or responsibilities; or any other