Tigo Energy adopts Fiscal 2023 Executive Short Term Incentive Plan

TIGO ENERGY, INC.

Cash bonus based 37.5% on 2023 revenue, 37.5% on Adjusted EBITDA, 25% on individual goals.
Minimum threshold: company revenue and Adjusted EBITDA must reach 75% of target for any payout.
Maximum payout: 150% of target bonus if performance exceeds target levels.
Bonus determination by Compensation Committee after fiscal 2023; payment expected by February 28, 2024.
Eligibility requires employment by December 31, 2022; hires during 2023 receive pro-rata bonus.

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