## Filing Overview **Filing Date**: 2021-11-09 **Type of Filing**: [[Filing Definitions#8-K|Form 8-K]] --- ## Notes - Rocket Lab USA, Inc. announced the adoption of the **Executive Severance Plan** on November 3, 2021, covering named executive officers subject to specific agreements. - **Tier 1 Executive**: [[Peter Beck]] (CEO), entitled to 12 months' base salary and health benefits in non-Change of Control scenarios. - **Tier 2 Executives**: [[Adam Spice]] (CFO) and [[Shaun O'Donnell]] (EVP, Global Operations), eligible for 6 months' equivalent benefits. - In the event of termination or resignation for "Good Reason" during a **Change in Control** period: - Lump sum payments of 150% (CEO) or 100% (Tier 2) of base salary and target bonuses. - Accelerated vesting of equity awards with time-based vesting. - New forms of award agreements under the 2021 Stock Option and Incentive Plan were also approved for executives and directors. --- ## Filing ![[0acfddfc-4a52-4e60-9223-e6bc25fa83e5.pdf]]