Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 2291

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 9A
Chunk 2291
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 key personnel; 

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    reviewing and formulating policy and determining the compensation of our Chief Executive Officer, our other executive officers and certain employees; 

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    reviewing and recommending to our Board of Directors the compensation of our non-employee directors; 

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    reviewing and evaluating our compensation risk policies and procedures; 

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    administering our equity incentive plans and granting equity awards to our employees, consultants and directors under these plans; 

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    administering our performance bonus plans and granting bonus opportunities to our employees, consultants and non-employee directors under these plans; 

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    if required from time to time, preparing the analysis or reports on executive officer compensation required to be included in our annual proxy statement; 

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    engaging compensation consultants or other advisors it deems appropriate to assist with its duties; and 

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    reviewing and evaluating, at least annually, our compensation committee’s charter. 

The compensation committee retains
sole authority to hire any compensation consultant, approve such consultant’s compensation, determine the nature and scope of its
services, evaluate its performance, and terminate its engagement.

The compensation committee reviews
our compensation policies and practices for all employees, including our named executive officers, as they relate to risk management practices
and risk-taking incentives to assess and determine that there are no risks arising from these policies and practices that are reasonably
likely to have a material adverse effect on us.

Nominating Committee

The primary purpose of our nominating
committee is to assist our Board of Directors in promoting the best interest of the Company and our stockholders through the implementation
of sound corporate governance principles and practices. Our nominating committee met one time during the fiscal year ended March 31, 2025.
The functions of our nominating committee include, among other things:

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    identifying, reviewing and evaluating candidates to serve on our Board of Directors; 

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    determining the minimum qualifications for service on our Board of Directors; 

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    developing and recommending to our Board of Directors an annual self-evaluation process for our Board of Directors and overseeing the annual self-evaluation process; 

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    developing, as appropriate, a set of corporate governance principles, and reviewing and recommending to our Board of Directors any changes to such principles; and 

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    periodically reviewing and evaluating our nominating committee’s charter. 

Compliance Committee

The primary purpose of our compliance
committee is to assist our Board of Directors with oversight of healthcare