Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 389

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 389
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ind rules and regulations relating to the Incentive Plan including creating sub-plans, modify or amend each award, allow a participant to defer the receipt of payment of cash or the delivery of shares that otherwise would be due to such participant under an award, and to determine whether awards will be settled in shares, cash or in a combination of both. The administrator also has the authority to allow participants the opportunity under an exchange program to transfer outstanding awards granted under the Incentive Plan to a financial institution or other person or entity selected by the administrator, and to institute an exchange program by which outstanding awards granted under the Incentive Plan may be surrendered or cancelled in exchange for awards of the same type, which may have a higher or lower exercise price and/or different terms, awards of a different type and/or cash, or by which the exercise price of an outstanding award granted under the Incentive Plan is increased or reduced. The administrator’s decisions, interpretations and other actions are final and binding on all participants and will be given the maximum deference permitted by applicable law.

Types of Awards

The Incentive Plan provides for the grant of stock options (including incentive stock options and nonstatutory stock options), stock appreciation rights, restricted stock, restricted stock units and performance awards. A brief description of each award type follows.

Stock Options

Stock options may be granted under the Incentive Plan. Subject to the provisions of the Incentive Plan, the administrator determines the terms of options. The per-share exercise price of options granted under the Incentive Plan must be equal to at least 100% of the fair market value of a share of Post-Closing Company Class A common stock on the date of grant (except in limited cases under certain transactions as described under Code Section 424(a)). The term of an option may not exceed 10 years. With respect to any participant who owns more than 10% of the voting power of all classes of Post-Closing Company common stock (or any of its parent corporation’s or subsidiary corporation’s) outstanding stock, the term of an incentive stock option granted to such participant must not exceed five years and the per-share exercise price must equal at least 110% of the fair market value of a share of Post-Closing Company Class A common stock on the grant date. The administrator will determine the methods of payment of the exercise price of an option, which may include cash, check, promissory note (to the extent permitted by applicable law), certain shares of Post-Closing Company Class A