Company: CRAI
Filing Date: 2025-07-22
Form Type: 8-K
Source: 0001104659-25-069644
Chunk: 3

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-22
Form: 8-K
Item: Item 5.02
Chunk 3
---
 contracts or arrangements were entered into with Ms. David in connection with her designation as principal
accounting officer.

Neither
Messrs. Nierenberg or Langan nor Ms. David have any family relationship with any of the current officers or directors of the
Company. There were no arrangements or understandings between any of such individuals and any other person pursuant to which any of such
individuals were promoted. No such individual has any direct or indirect material interest in any transaction required to be disclosed
pursuant to Item 404(a) of Regulation S-K.

Executive
Officer Severance Agreements

In
connection with their promotions, on July 18 and 20, 2025, respectively, the Company entered into severance agreements (each, an “ Executive Officer
Severance Agreement”) with Eric Nierenberg and Brian Langan (each, an “ Executive Officer”). Capitalized terms used but
not defined in this section have the meaning ascribed to them in the applicable Executive Officer Severance Agreement. As each Executive
Officer’s employment is on an “at-will” basis, the Company or the Executive Officer may terminate his employment at
any time, with or without Cause. Upon an Executive Officer’s termination of employment for any reason, the Executive Officer will
be entitled to receive Accrued Benefits.

In
addition, if the Executive Officer’s employment with the Company is terminated by the Company without Cause or by the Executive
Officer for Good Reason, then in addition to the Accrued Benefits, the Executive Officer will receive the following, subject to his execution
of a release of the Company: (i) cash in an amount equal to the sum of (x) 1.0 times the sum of the Executive Officer’s
annual base salary and target bonus and (y) a pro-rata target annual cash bonus for the portion of the then-current year and (ii) 12
months continued cash payments for COBRA and the employer contribution for group term life insurance, which amount shall be paid in accordance
with the Company’s payroll practices over a period of 12 months commencing no more than 60 days following the Executive Officer’s
termination date. In addition, the vesting of any unvested time-based equity awards held by the Executive Officer will be fully accelerated.
The vesting of any performance-based awards held by Executive Officer shall remain outstanding through the applicable performance period
and, at the end of the applicable performance period, the performance-based award