Company: ATLN
Filing Date: 2025-09-05
Form Type: PRE 14A
Source: 0001213900-25-085074
Chunk: 61

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-09-05
Form: PRE 14A
Chunk 61
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 or if no sales occurred on such date, then on the last date preceding such date during which a sale occurred, as reported in The Wall Street Journal or another source the Administrator deems reliable; or (c) if the Common Stock is not readily tradable on an established securities market, its Fair Market Value will be determined in good faith by the Administrator; provided, in any case the Administrator may determine the Fair Market Value in its discretion to the extent such determination does not constitute a “material revision” to the Plan under applicable stock exchange or stock market rules and regulations (or otherwise require stockholder approval). Notwithstanding the preceding, for federal, state, and local income tax reporting purposes and for such other purposes as the Administrator deems appropriate, Fair Market Value shall be determined by the Administrator in accordance with uniform and nondiscriminatory standards adopted by it from time to time. In addition, the determination of Fair Market Value in all cases shall be in accordance with the requirements set forth under Section 409A to the extent necessary for an Award to comply with, or be exempt from, Section 409A. The Administrator’s determination of Fair Market Value shall be conclusive and binding on all persons. 11.23“ Greater Than 10% Stockholder ” means an individual then owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of stock of the Company or its parent or subsidiary corporation, as defined in Section 424(e) and (f) of the Code, respectively. 11.24“ Incentive Stock Option ” means an Option intended to qualify as an “incentive stock option” as defined in Section 422 of the Code. 11.25“ Non-Qualified Stock Option ” means an Option not intended or not qualifying as an Incentive Stock Option. 11.26“ Option ” means an option to purchase Shares. 11.27“ Other Stock or Cash Based Awards ” means Awards of cash, Shares, or other property that are valued wholly or partially by referring to, or are otherwise based on, Shares. 11.28“ Overall Share Limit ” has the meaning set forth in Section 4.1. 11.29“ Participant ” means a Service Provider who has been granted an Award. 11.30“ Performance Criteria ” mean the criteria (and adjustments) that the Administrator may select for an Award to establish performance goals for a performance period, which may include the following: