M&A Integration Day 1 Plan

Content

• Key Milestones
• Timeline
• April 19 Is the Day We Are One
• Event Schedule April 20 And 21
• Agenda for Global Town Hall
• Guidance for Field Force and Shift Workers
• Day One Employee Kits for Local Implementation
• Day One Employee Welcome Package for All Employees
• Day One Reporting Lines Reflected Minimal Change
• Pay and Benefits “Grandfathered“ Until January 26
• Exceptions 2  “Grandfathering“

April 19 is the Day We Are One

Event: Vote

Description:

• Acquired Co. shareholders council votes on Acquirer offer

Event: Close

Description:

• Legal agreement that all contractual conditions for the deal are met
• Deal irreversible, can start directing the company

Event: Effective date

Description:

• Certificate of merger submitted to State Secretary of Delaware

Event: Day 1

Description:

• Day 1 event & town halls

Event: Settlement

Description:

• Acquirer transfers funds to agent who pays out Acquired Co. shareholders

Pay and Benefits “Grandfathered” Until Jan. 26

• Current Acquired Co. HR policies will be “grandfathered” (i.e., remain intact until December 31, 2026)
• Employee pay and benefits will also be “grandfathered” until December 31, 2026
• Transition to Acquirer policies, compensation and benefits will be decided and communicated within the next 6 months
• Transition will be coordinated globally and determined based on local legislation
• Within 120 days after close, Acquirer will communicate job levels and pay ranges (Acquired Co. jobs slotted into Acquirer scheme) ...