Company: SONM
Filing Date: 2025-05-23
Form Type: PREC14A
Source: 0001641172-25-012277
Chunk: 56

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-23
Form: PREC14A
Chunk 56
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 Becher, references the Company’s policies, and contains other customary conditions. The Becher Letter Agreement provides for variable compensation and a cash bonus plan and also entitles Mr. Becher to receive options to purchase shares of our common stock (the “Becher Options”) as follows:

| (i)  | 40,000                                                                                                                                   
 options to purchase shares of our common stock                                                                                           
 vesting with respect to 25% of such options on the one-year anniversary of August 29, 2022, and the remainder vesting in equal quarterly 
 installments thereafter, each installment equal to 1/16 of the 40,000 options; and                                                       |
| (ii) | 10,000                                                                                                                                   
 options to purchase shares of our common stock                                                                                           
 per year over a four-year period, in the event that revenue targets are achieved, as determined by the board of directors.               |

The Becher Options are subject to the terms and conditions of the EIP.

| 38 |

Potential payments upon termination or change in control

Each of our NEOs is covered by arrangements that specify certain payments to be made in the event that the executive’s employment is terminated in certain circumstances. These severance benefits are intended to reflect market practices and are designed to attract, retain, and appropriately incentivize and further motivate them to contribute to our short- and long-term success for the benefit of our stockholders, particularly during uncertain times. The severance benefits of all NEOs are subject to customary conditions and applicable tax and other deductions and withholdings.

Liu Employment Agreement

If we terminate Mr. Liu’s employment without cause or if he resigns for “good reason” (as defined therein) at any time up to the twelve-month anniversary of the closing of a change in control, we must pay Mr. Liu a lump-sum cash severance payable within 30 days of his termination. Such severance will consist of:

| (i)  | the                                                                                                                    
 sum equivalent to one hundred fifty percent (150%) of his yearly base salary in effect as of his termination date, and |
| (ii) | a                                                                                                                      
 guaranteed pro-rated bonus.                                                                                            |

Crolius Letter Agreement

If we terminate Mr. Crolius’s employment without cause or if he resigns for “good reason” (as defined therein) at any time up to the twelve-month anniversary of the closing of a change in control, we must pay Mr. Crolius a lump-sum cash severance payable within 30 days of