Company: ATLN
Filing Date: 2025-09-17
Form Type: DEFA14A
Source: 0001605888-25-000041
Chunk: 40

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-09-17
Form: DEFA14A
Chunk 40
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 any previously delegated authority at any time.

## ARTICLE IV
STOCK AVAILABLE FOR AWARDS

4.1 Number of Shares . Subject to adjustment under Article VIII and the terms of this Article IV, no more than ten million (10,000,000) shares of Common Stock shall initially be available for the grant of Awards under the Plan (the “ Overall Share Limit ”). The number of shares of common stock reserved for issuance under the Incentive Plan shall be adjusted upward to reflect fifteen (15%) of the number of shares issued and outstanding as of December 31st of each year. Shares issued under the Plan may consist of authorized but unissued Shares, Shares purchased on the open market or treasury Shares.

4.2 Share Recycling . If all or any part of an Award expires, lapses or is terminated, surrendered, repurchased, canceled without having been fully exercised or forfeited, or exchanged for or settled in cash, in

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any case, in a manner that results in the Company not issuing any Shares covered by the Award or acquiring Shares at a price not greater than the price (as adjusted to reflect any Equity Restructuring) paid by the Participant for such Shares, the unused or reacquired Shares covered by the Award will, as applicable, become or again be available for Award grants under the Plan. Further, Shares delivered (either by actual delivery or attestation) to the Company by a Participant to satisfy the applicable exercise or purchase price of an Award and/or to satisfy any applicable tax withholding obligation (including Shares retained by the Company from the Award being exercised or purchased and/or creating the tax obligation) will, as applicable, become or again be available for Award grants under the Plan. The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards shall not count against the Overall Share Limit.

4.3 Incentive Stock Option Limitations . Notwithstanding anything to the contrary herein, no more than 8,000,000 Shares may be issued pursuant to the exercise of Incentive Stock Options.

4.4 Substitute Awards . In connection with an entity’s merger or consolidation with the Company or the Company’s acquisition of an entity’s property or stock, the Administrator may grant Awards in substitution for any options, stock or stock-based awards granted before such merger or consolidation by such entity or its affiliate in accordance with Applicable Laws. Substitute Awards may be granted on such terms as the Administrator deems appropriate, notwithstanding limitations on Awards in the Plan