Verafin Holdings Inc. Amended and Restated Management Incentive Plan Award Agreement with Brendan Brothers

Summary

This agreement is between Verafin Holdings Inc. (now Verafin Solutions ULC) and Brendan Brothers. It outlines Brendan's participation in the company's Amended and Restated Management Incentive Plan, specifying a target incentive amount of $6,259,750. By signing, Brendan agrees to the terms of the incentive plan and reaffirms his ongoing obligations under a prior agreement (the EMIA). The agreement is effective upon signature and is subject to the terms and conditions of the incentive plan.

EX-10.25 5 ndaq12312022ex-1025.htm EX-10.25 Document

Exhibit 10.25

VERAFIN HOLDINGS INC.
AMENDED AND RESTATED MANAGEMENT INCENTIVE PLAN
AWARD AGREEMENT

Dear Brendan Brothers,

This letter represents your Award Agreement under the Verafin Holdings Inc. Amended and Restated Management Incentive Plan (the “MIP”). All capitalized terms used but not defined herein shall have the meanings ascribed to them in the MIP. Your Target MIP Amount for purposes of the MIP is $6,259,750, subject to the terms and conditions of the MIP (including Section 3 thereof). By your signature below, you acknowledge your agreement to the terms of the MIP and this Award Agreement, and also re-affirm your surviving obligations under the EMIA.

Thank you for your dedication to the Nasdaq and Verafin team.

Sincerely,

/s/ Jamie King
On behalf of Verafin Solutions ULC, successor to
Osprey Acquisition Corporation and Verafin
Holdings, Inc.
By: Jamie King
Title: Director

Acknowledged and Agreed:

/s/ Brendan Brothers

Brendan Brothers