SEC Contract Filing

Filing Date: 2024-04-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>4
<FILENAME>betterholdcoexecutivechang.htm
<DESCRIPTION>EX-10.29
<TEXT>
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<title>Document</title></head><body><div id="i5681536edd6449f7bef5a8742e5789de_1"></div><div style="min-height:67.68pt;width:100%"><div><font><br></font></div></div><div style="margin-top:4pt;padding-left:14.62pt;padding-right:14.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">BETTER HOLDCO, INC.</font></div><div style="margin-top:0.1pt;padding-left:14.75pt;padding-right:14.75pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">EXECUTIVE CHANGE IN CONTROL SEVERANCE PLAN</font></div><div style="margin-top:11.95pt;padding-left:5pt;padding-right:33.5pt;text-indent:36pt"><font style="color:#010000;font-family:'Bookman Old Style',serif;font-size:10.5pt;font-weight:400;line-height:114%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:114%;padding-left:21.13pt">Better Holdco, Inc. (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:114%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:114%">&#8221;) hereby establishes this Executive Change-in-Control Severance Plan (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:114%;text-decoration:underline">Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:114%">&#8221;) for its Participants (as defined below).</font></div><div style="margin-top:0.15pt"><font><br></font></div><div style="padding-left:5pt;padding-right:33.4pt;text-align:justify;text-indent:36pt"><font style="color:#010000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:100%;padding-left:23.13pt;text-decoration:underline">Purpose</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">. The purpose of this Plan is to retain certain executives of the Company by providing appropriate severance benefits and to ensure their continued dedication to their duties, including in connection with the possibility, threat, or occurrence of a change in control of the Company either related or unrelated to the Company&#8217;s entry into that certain Agreement and Plan of Merger by and among the Company, Aurora Acquisitions Corp., and Aurora Merger Sub I, Inc., dated as of May 10, 2021 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:100%;text-decoration:underline">Merger Agreement,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">&#8221; and the transactions contemplated thereby the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:100%;text-decoration:underline">Merger</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-top:12pt;padding-left:5pt;padding-right:33.45pt;text-align:justify;text-indent:36pt"><font style="color:#010000;font-family:'Bookman Old Style',serif;font-size:10.5pt;font-weight:400;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:100%;padding-left:21.13pt;text-decoration:underline">Eligible Participants</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">. Employees participating in the Plan (each, a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:100%;text-decoration:underline">Participant</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">&#8221;) will be (a) the Chief Executive Officer of the Company, (2) other executives of the Company who are at the L12 employment level or higher and (3) other employees who are from time to time designated by the Company&#8217;s Compensation Committee (the &#8220;Committee&#8221;) as eligible to participate in the Plan so long as the Plan is amended by or otherwise modified by the Committee to provide for such participation.</font></div><div style="margin-top:11.75pt;padding-left:77pt;text-indent:-35.95pt"><font style="color:#010000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-style:italic;font-weight:400;line-height:100%;padding-left:28.08pt;text-decoration:underline">Payments Upon a Qualifying Termination</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">.</font></div><div style="margin-top:11.9pt;padding-left:5pt;padding-right:33.55pt;text-align:justify;text-indent:36pt"><font style="color:#010000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:100%;padding-left:19.36pt">Quali