Company: SCLXW
Filing Date: 2025-11-07
Form Type: DEF 14A
Source: 0001193125-25-272322
Chunk: 30

Company: Scilex Holding Co
Filing Date: 2025-11-07
Form: DEF 14A
Chunk 30
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 or due to a voluntary termination of employment with “good reason” (each, as defined in the applicable option agreement) within 13 months following a Change in Control 
 (as defined in the 2019 Plan).                                                                                                                                                                                                   |

| (5) | Each option vested and shall vest as to 1/48th of the shares subject to the option on each monthly anniversary                                                                                                                                         
 commencing on the vesting commencement date, subject to full acceleration in the event of a Corporate Transaction (as defined in the 2022 Plan) in which the surviving corporation or acquiring corporation (or its parent company) does not assume or 
 continue such outstanding awards or substitute similar awards for such outstanding awards.                                                                                                                                                             |

20

Non-EmployeeDirector Compensation Pursuant to our Non-EmployeeDirector Compensation Policy for the compensation of our non-employeedirectors, during 2024, each of our non-employeedirectors received annual retainers, subject to proration, for service on our Board and its committees as follows:

| Annual Cash Compensation                                                                          |     | Amount |        |
|:--------------------------------------------------------------------------------------------------|:----|:-------|-------:|
| Board Members                                                                                     |     | $      | 82,500 |
| Chairs of the Audit Committee, Compensation Committee, Nominating and Corporate Governance        
 Committee and Commercialization and Transaction Committee                                         |     | $      | 37,500 |
| Other Members of the Audit Committee, Compensation Committee, Nominating and Corporate Governance 
 Committee and Commercialization and Transaction Committee                                         |     | $      | 15,000 |

| Equity Compensation   |     | Number |       |
| Initial Stock Options |     |        | 7,142 |
| Annual Stock Options  |     |        | 2,857 |

All annual cash compensation amounts for our non-employeedirectors are payable in equal quarterly installments in arrears, following the end of each quarter in which the service occurred, pro-ratedfor any partial months of service. The equity compensation paid to our non-employeedirectors will vest monthly over a period of 48 months from the date of grant with respect to the initial stock option grants and over a period of 12 months from the date of grant with respect to the annual stock option grants, in each case, subject to continued service through each vesting date. Additionally, we will reimburse each outside director for reasonable travel expenses related to such director’s attendance at Board and committee meetings. Employee directors receive no additional compensation for their service