Company: COHN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-035625
Chunk: 106

Company: Cohen & Co Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 106
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 Person to whom an Option is granted, or the Successors of the Optionee, as the context so requires. “Option Price” means the price per Share, determined by the Board or the Committee, at which an Option may be exercised. “Participant” means a Grantee or Optionee. “Performance Goals” has the meaning set forth in Section 10. “Plan” means the Company’s 2020 Long-Term Incentive Plan, as set forth herein and as the same may from time to time be amended. “Restricted Stock” means an award of Shares that are subject to restrictions hereunder. “Restricted Stock Unit” or “RSU” means a right, pursuant to the Plan, of the Grantee to payment of the RSU Value. “RSU Value,” per RSU, means the Fair Market Value of a Share or, if so provided by the Committee, such Fair Market Value to the extent in excess of a base value established by the Committee at the time of grant. “Retirement” means, unless otherwise provided by the Committee in the Participant’s Award Agreement, the Termination of Service (other than for Cause) of a Participant on or after the Participant’s attainment A-4 TABLE OF CONTENTS of age 65 or on or after the Participant’s attainment of age 55 with five consecutive years of service with the Company, Subsidiaries or Affiliates. “Securities Act” means the Securities Act of 1933, as amended. “Settlement Date” means the date determined under Section 7.4(c). “Shares” means shares of Common Stock of the Company. “Stock Appreciation Right” means an Option described in Section 5.7. “Subsidiary” means any corporation, partnership or other entity of which at least 50% of the economic interest in the equity is owned (directly or indirectly) by the Company or by another subsidiary of the Company. In the event the Company becomes such a subsidiary of another company (directly or indirectly), the provisions hereof applicable to subsidiaries shall, unless otherwise determined by the Committee, also be applicable to such parent company. “Successor of the Optionee” means the legal representative of the estate of a deceased Optionee or the person or persons who shall acquire the right to exercise an Option by bequest or inheritance or by reason of the death of the Optionee. “Termination Event” means a Change in Control. “Termination of Service” means a Participant’s termination of