Hyliion board adopts nonqualified deferred comp plan; no company match, 5-year cliff vesting

Hyliion Holdings Corp.

Board approved the Hyliion Nonqualified Deferred Compensation Plan on September 28, 2026, effective the same date, administered by the Compensation Committee under Section 409A.
Participants may defer up to 100% of RSU and performance share awards under the 2024 Equity Incentive Plan; non-employee directors may defer 100% of director fees and equity.
Base salary and short-term performance bonus deferrals allowed at 1%-70%; equity awards 100%-100%; no annual company matching contributions (elected 'No').
Company discretionary contributions are permissible but amount-discretionary; company amounts vest on a 5-year cliff, with acceleration on retirement, disability, death or change in control.
Initial enrollment expected December 2026; retirement means age 60 with 5 years of service; lump sum paid at least 6 months after termination; record keeper is The Nolan Financial Group.

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