Company: CRD-A
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001558370-25-004509
Chunk: 56

Company: CRAWFORD & CO
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 56
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 Upon retirement or other termination of employment, certain executive officers are entitled to pension and other retirement benefits under the Retirement Plan and SERP. See “Executive Compensation Pension Benefits” for information about the pension and other retirement benefits payable to the named executive officers under the Retirement Plan and SERP. In addition, upon termination of employment due to disability, our executives are entitled to disability benefits under Company sponsored disability plans. Termination and Change-in-Control Tables for 2024 The following table summarizes the compensation and other benefits that would have become payable to certain of our named executive officers assuming their employment had terminated on December 31, 2024. In addition, the table also summarizes the compensation that would become payable to these named executive officers if a change-in-control of the Company had occurred on December 31, 2024. In reviewing these tables, please note the following:

| ● | Cash severance in connection with a change in control or a termination without cause without a change in control is paid over time, consistent with the current payroll process. |

| ● | Life insurance benefits payable upon death represent the death benefit payable to the named executive officer’s beneficiaries by the life insurance company. |

| ● | Disability benefits reflect benefits payable to the employee by the plan provider resulting from a qualified illness or injury as defined in the plan. |

| ● | No payment value was ascribed to presently vested and exercisable equity incentive awards, as such awards are not impacted by a separation from service or change in control. |

| ● | All parties complied with any required notice provisions in the applicable agreement. |

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| ● | Each of the named executive officers complied with all restrictive and other covenants applicable to such officer. |

| ● | Performance stock awards subject to achievement of performance goals are included on a pro rata basis at 100% achievement of Company performance of that target as provided in the applicable agreements in the event of a change of control and termination without cause. Time vested stock awards will vest at 100% on the date of the change in control. |

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 Benefits and Payments 
 R. Verma              | ​ 
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 Termination in    
 Connection with a 
 Change in Control 
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 Termination   
 Without Cause 
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 Termination 
 for Good    
 Reason      | ​ 
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