Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 41

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 41
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 with comparable awards, by the surviving corporation,
the options and SARs will be converted into options and SARs of the surviving corporation, except as to options or SARs granted to a participant
where a change in control resulted from such participant's beneficial ownership of the Company's securities. The Board of Directors
will have the discretion to accelerate or vest outstanding options and SARs, or determine that any restrictions on any options or SARs
shall lapse, or that the options and SARs will terminate as provided in the Plan. Unless otherwise provided in the applicable award agreement,
effective upon a change in control, all restrictions applicable to Restricted Share and RSU awards will terminate fully and the full number
of shares subject to each Restricted Share award or the number of shares subject to settlement under each RSU will immediately be delivered
as provided in the Plan, except as to Restricted Share and RSU awards granted to a participant where a change in control resulted from
such participant's beneficial ownership of the Company's securities. Unless otherwise provided in the applicable award agreement, in the
event of a change in control, all Performance Awards shall immediately become vested and payable to all participants as provided in the
Plan, within 30 days after such change in control, except as to Performance Awards granted to a participant where a change in control
resulted from such participant's beneficial ownership of the Company's securities.

Amendment and Termination

The
Board and/or the Compensation Committee may amend or terminate the 2016 Plan at any time. The termination of the 2016 Plan shall not have
any effect on any Award outstanding at the time of the termination of the 2016 Plan and may be exercised after termination of the 2016
Plan at any time prior to the expiration date of such Award to the same extent such Award would have been exercisable had the Plan not
terminated.

Accordingly, we ask our shareholders to vote “FOR”
the following resolution at the Annual Meeting:

<div align='center'>“RESOLVED, that the shareholders amend the
2016 Equity Incentive Plan.”</div>

Required Vote and Board Recommendation

Assuming a quorum is present
at the Annual Meeting, this proposal to approve the amendment to the 2016 Plan will be approved if the votes cast in favor of this proposal
exceed the votes cast opposing this proposal.

OUR BOARD RECOMMENDS THAT OUR SHAREHOLDERS VOTE “FOR” THE AMENDMENT TO THE 2016 EQUITY INCENTIVE PLAN