Company: LBTYK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001193125-25-076819
Chunk: 62

Company: Liberty Global Ltd.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 62
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            | 284,072 |

| (2) | Includes salary contributed in 2024 of $148,763. Also, includes annual performance bonus award amount of $112,479 contributed in 2024. |

| (3) | Includes salary contributed as follows: $800,499 in 2022, $83,537 in 2023 and $148,763 in 2024. Also, includes annual performance bonus award amounts of $2,000,000, $112,479 in 2022 and 2024, respectively. |

| (4) | Includes salary of $711,577 contributed in 2024. |

| (5) | Includes salary contributed as follows: $656,301 in 2022, $684,715 in 2023 and $711,577 in 2024. Also includes annual performance bonus award amounts of $469,322 and $1,500,000 in 2022 and 2023, respectively. |

Employment and Other Agreements We have employment agreements with Mr. Fries to serve as our CEO, Mr. Bracken to serve as our chief financial officer, Mr. Hall to serve as our general counsel, Mr. Rodriguez to serve as our chief technology officer and Mr. Salvato to serve as our chief development officer. We have not adopted a severance policy covering our executive officers other than as specified in their employment agreements, if applicable. Michael T. Fries Introduction. On April 7, 2025, we entered into a second amended and restated employment agreement with our CEO to provide for a new four-year term (the Fries Agreement). As explained below, the Fries Agreement is on substantially similar terms to the prior employment agreement (the Prior Fries Agreement), but it makes certain adjustments to his salary, bonus, annual equity incentives and employee benefits. The new terms reflect a decrease in target bonus and equity compensation amounts and an increase in base salary, as described below. Summary of the Fries Agreement. Mr. Fries’ salary for 2025 is $3,000,000 and is subject to annual increases at the discretion of the compensation committee. Mr. Fries’s annual performance bonus award target amount has been reduced from $16,000,000 under the Prior Fries Agreement to $13,000,000 for 2025, which may be increased by the compensation committee in its discretion. The bonus award is not guaranteed and is dependent upon our company achieving the performance metrics for the