Company: IMCR
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012123
Chunk: 107

Company: Immunocore Holdings plc
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 107
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 under the Section 401(k) plan or other pension scheme in the jurisdiction that the Executive Director is based is set at the same level of contributions available to the wider workforce based in the same jurisdiction as the Executive Director.                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Performance-related framework         |     | Not applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

A-6

TABLE OF CONTENTS

Other Benefits

| Element, purpose and link to strategy |     | Market competitive employment benefits will support the personal health and well-being of executives.                                                                                                                                                                                                                                                                                                                                                                                                                            |
| How it operates                       |     | The benefits currently available to Executive Directors include insurance at a level comparable to similarly-situated employees of the Group, as well as coverage in its Directors and Officer Liability insurance policy, each in effect from time to time. Executive Directors will be, or will continue to be eligible to participate on the same basis as similarly- situated employees in the Group’s benefit plans in effect from time to time during their employment in accordance with the terms of such benefit plans. 
 In addition, Executive Directors may also be provided with tax-equalisation benefits.                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Executive Directors may participate in any all-employee share schemes or spot-bonuses that may be operated by the Group from time to time on the same basis as similarly- situated employees in the same jurisdiction.                                                                                                                                                                                                                                                                                                           
 Benefit levels and components are reviewed periodically. The Group reserves the right to change, alter, or terminate any benefit plan at its sole discretion.                                                                                                                                                                                                                                                                                                                                                                    |
| Maximum opportunity                   |     | Because the value of insured and other benefits will vary year-to-year based on the cost quoted by third party providers, there is no formal maximum level of benefits provided to an Executive Director.                                                                                                                                                                                                                                                                                                                        |
| Performance-related framework         |     | Not applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

Annual Bonus

| Element, purpose and link to strategy |     | Supports the corporate strategy and business plan by linking executive performance to pay. Rewards the achievement of targets that support the Company’s corporate goals and delivery of the business strategy in the short term.                                                                                                                                                                                                                                                      |
| How it operates                       |     | Bonus payments are set by reference to a percentage of annual base salary, are normally awarded in cash (but may be awarded in shares or otherwise) and are deferrable under the U.K. defined contribution plan and under our U.S. Section 401(k) plan.                                                                                                                                                                                                                                
 Bonuses will be based upon the assessment of the Board of an Executive Director’s performance and