Company: WKSP
Filing Date: 2025-10-20
Form Type: PRE 14A
Source: 0001493152-25-018681
Chunk: 33

Company: Worksport Ltd
Filing Date: 2025-10-20
Form: PRE 14A
Chunk 33
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 applicable performance period has ended, the holder of performance units/shares will be entitled to receive a payout of the number of performance units/shares earned by the participant over the performance period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have been achieved. After the grant of a performance unit/share, the administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such performance unit/share. On the date set forth in the award agreement, all unearned or unvested performance units/shares will be forfeited to the Company, and again will be available for grant under the 2022 Plan.

Compensation of Directors

Directors are permitted to receive fixed fees and other compensation for their services as directors. The Board has the authority to fix the compensation of directors.

During 2024, Steven Rossi, Lorenzo Rossi, Craig Loverock, Bill Caragol, and Ned L. Siegel were compensated for their services.

Director Compensation (1)

As of December 31, 2024

| Name            |     | Fees    
 Earned  
 or Paid 
 in Cash 
 ($)     |         |    |     | Stock  
 Awards 
 ($)    |   |     | Option 
 Awards 
 ($)    |       |    |     | Non-Equity       
 Incentive Plan   
 Compensation ($) |   |     | All              
 Other            
 Compensation ($) |       |    |     | Total ($) |         |
| Craig Loverock  |     |         |  21,233 | -1 |     |        | - |     |        | 3,845 | -3 |     |                  | - |     |                  |     - |    |     |           |  25,078 |
| William Caragol |     |         |  45,000 |    |     |        | - |     |        | 3,845 | -3 |     |                  | - |     |                  |     - |    |     |           |  48,845 |
| Ned L. Siegel   |     |         |  50,000 |    |     |        | - |     |        | 3,845 | -3 |     |                  | - |     |                  |     - |    |     |           |  53,845 |
| Lorenzo Rossi   |     |         | 211,814 | -2 |     |        |