Company: CAVA
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001628280-25-019936
Chunk: 38

Company: CAVA GROUP, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 38
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 non-revocation of a general release of claims in favor of the Company and its affiliates.

Executive Severance Plan

In the event that the employment of Mses. Tolivar or Somers is terminated by the Company without Cause (as defined in the executive severance plan), or the executive terminates her employment for Good Reason (as defined in the executive severance plan), then the executive will be entitled to receive:

• For a period of 12 months following the date of termination (the “Severance Period”), an amount equal to the executive’s base salary rate in effect immediately prior to her termination, payable in accordance with the Company’s customary payroll practices;

• A lump sum cash payment equal to the cash bonus with respect to the fiscal year in which such executive’s termination of employment occurs, based on actual achievement of any applicable performance goals or objectives and any applicable individual performance goals or objectives, prorated for the number of days the executive was employed during that fiscal year and payable when bonuses are paid to other Company executives; and

• Payment or reimbursement of the employer portion of such executive’s and her covered eligible dependents’ health insurance coverage premiums under COBRA until the earlier of the completion of such executive’s Severance Period and such time as the executive becomes eligible to receive health insurance coverage from a subsequent employer.

Receipt of severance benefits under the executive severance plan is subject to: (a) the executive’s compliance with certain restrictive covenants, including (i) post-termination non-competition and non-solicitation of customers and employees covenants, (ii) a perpetual confidentiality covenant and (iii) a perpetual non-disparagement covenant in favor of the Company; and (b) the executive’s execution of a general release of claims.

The executive severance plan also provides that if any payment or benefits would constitute an “excess parachute payment” within the meaning of Section 280G of the Internal Revenue Code and would therefore be subject to an excise tax under Section 4999 of the Internal Revenue Code, such payments and benefits (1) will be reduced to the extent necessary so that no amount is subject to the excise tax, or (2) not reduced, whichever, after taking into account all applicable federal, state and local employment and income taxes and the excise tax, results in the participant’s receipt, on an after-tax basis, of the greater payments and benefits.

#### Equity Awards
Except with respect to the CEO IPO Award and the NEO IPO Awards, unvested