TMC enters new employment agreement with CEO Gerard Barron; receives 20M performance-based RSUs

TMC the metals Co Inc.

Base salary set at $750,000; annual cash bonus target 75% of base salary.
Signing grant of 20M performance-based RSUs; vests in tranches at $7.50, $10.00, $12.50 share prices by April 2029.
CEO cannot sell vested shares until fifth anniversary of the agreement.
Severance for non-Cause termination or Good Reason: 18 months base salary, pro-rata bonus, 18-month equity acceleration (excl. Signing RSUs).
Change-of-control severance: 24 months base salary, 2x bonus, full acceleration of all equity (incl. Signing RSUs).

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