Company: MITN
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001514281-25-000033
Chunk: 70

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 70
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 the Option as set forth in the Award Agreement). If the Award Agreement does not specify a time period within which the vested portion of such Option must be exercised after the Participant ceasing to be an Eligible Person as a result of his or her Disability, the vested portion of such Option will be exercisable for twelve (12) months after the Participant ceasing to be a Service Provider as a result of his or her Disability. Unless otherwise provided by the Committee, if the Participant is not vested as to the Participant's entire Option on the date he or she ceases to be an Eligible Peron as a result of his or her Disability, then immediately thereafter, the shares of Common Stock covered by the unvested portion of the Option shall be forfeited. Additionally, if the Participant does not exercise his or her Option as to all of the vested shares of Common Stock within the time period specified herein, then immediately thereafter, the Option will terminate and the shares of Common Stock covered by the unexercised portion of the Option shall be forfeited.

(iv) Death of Participant . If a Participant dies while an Eligible Person, the vested portion of the Option may be exercised within the time period specified in the Award Agreement (but in no event later than the expiration of the term of the Option as set forth in the Award Agreement), by the beneficiary designated by the Participant prior to his or her death; provided that such designation must be acceptable to the Committee. If no beneficiary has been designated by the Participant, then the vested portion of the Option may be exercised by the personal representative of the Participant's estate, or by the persons to whom the Option is transferred pursuant to the Participant's will or in accordance with the laws of descent and distribution. If the Award Agreement does not specify a time period within which the vested portion of such Option must be exercised after a Participant's death, the vested portion of such Option will be exercisable for twelve (12) months after his or her death. Unless otherwise provided by the Committee, if the Participant is not vested as to his or her entire Option on the date he or she ceases to be an Eligible Person as a result of the Participant's death, then immediately thereafter, the shares of Common Stock covered by the unvested portion of the Option shall be forfeited. Additionally, if the Participant's beneficiary, personal representative or permitted transferee does not exercise the Option as to all of the vested shares of Common Stock within the time period specified herein, then immediately thereafter, the Option will terminate