LWAY · Lifeway Foods, Inc.

Summary

On March 6, 2026, Lifeway Foods, Inc.'s Compensation Committee approved the form of Notice of Deferred Time-Vested Cash Award and the form of Notice of Deferred Performance-Based Cash Award under the 2022 Omnibus Incentive Plan, filed as Exhibits 10.1 and 10.2. These forms outline grant, vesting, forfeiture, payment terms, and conditions including Qualifying Termination Events and Change of Control provisions.

Key takeaways

• Compensation Committee approved Time-Vested Cash Award Notice Form (Exhibit 10.1) on March 6, 2026
• Compensation Committee approved Performance-Based Cash Award Notice Form (Exhibit 10.2) on March 6, 2026
• Awards granted under Lifeway Foods, Inc. 2022 Omnibus Incentive Plan
• Vesting requires continued employment except for Qualifying Termination Events (death or Disability)
• Payment in cash or, if Danone consent obtained, shares/cash combination at Company discretion
• Awards subject to Section 409A compliance and Company Clawback Policy