Company: NEWTP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001587987-25-000073
Chunk: 56

Company: NewtekOne, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 56
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 termination, plus the amount of any cash bonus paid with respect to the immediately preceding fiscal year. In addition, in the case of termination other than for just cause, all outstanding and unvested equity awards were to be accelerated in full.

Messrs. Downs’ and Schwartz’ 2024 Employment Agreements provided for a payment in the case of: (i) termination other than for just cause, equal to one (1.0) times the sum of their current annual base compensation plus any cash bonuses paid with respect to the immediately preceding fiscal year; and (ii) non-renewal of their employment agreements, amounts equal to 50% of the sum of their respective current annual base compensation plus any cash bonus paid with respect to the immediately preceding fiscal year. In addition, Messrs. Downs and Schwartz entered into change in control agreements with the Company, which provide for severance payments, equal to 1.15 times their respective annual base compensation in effect at the time of termination plus any cash bonus paid with respect to the immediately preceding fiscal year. In addition, in the case of termination other than for cause, non-renewal or change in control, all outstanding and unvested equity awards were to be accelerated in full. In addition, in the case of termination other than for cause, non-renewal or change in control, all outstanding and unvested equity awards were to be accelerated in full.

Messrs. Price and DeMaria have entered into change in control agreements with the Company, which provided for severance payments, equal to 1.15 times their respective annual base compensation in effect at the time of termination. In addition, in the case of termination other than for cause, non-renewal or change in control, their 2024 Employment Agreements provide that all outstanding and unvested equity awards were to be accelerated in full. In addition, Messrs. Prices’ and DeMaria’s 2024 Employment Agreements provided for a payment in the case of termination other than for just cause, equal to 1.0 and .50, respectively, times their current annual base compensation in effect at the time of termination.

Messrs. Young’s 2024 Employment Agreement provided for a payment in the case of termination other than for just cause or a change in control, equal to one (1.0) times his annual base compensation. In addition, in the case of Mr. Young’s termination other than for cause, 50% of all outstanding and unvested equity awards were