Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 388

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 388
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 dividends or other ordinary distributions), the administrator of the Incentive Plan, to prevent diminution or enlargement of the benefits or potential benefits intended to be provided under the Incentive Plan, will adjust the number and class of shares that may be delivered under the Incentive Plan; the number, class, and price of shares covered by each outstanding award; and the numerical share limits contained in the Incentive Plan.

Plan Administration

The Post-Closing Company Board or one or more committees of members of the Post-Closing Company Board or other individuals appointed by the Post-Closing Company Board (which may include a duly authorized committee of the Post-Closing Company Board) will have authority to administer the Incentive Plan. Initially, the compensation committee of the Post-Closing Company Board will administer the Incentive Plan. For purposes of the remainder of this proposal, references to the administrator will mean the administrator of the Incentive Plan.

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In addition, to the extent it is desirable to qualify transactions under the Incentive Plan as exempt under Rule 16b-3 of the Exchange Act, such transactions will be structured to satisfy the requirements for exemption under Rule 16b-3 (including, for example, any requirements relating to their administration under the Incentive Plan). Except to the extent prohibited by applicable laws, the administrator may delegate to one or more individuals the day-to-day administration of the Incentive Plan and any of the functions assigned to it in the Incentive Plan, which delegation may be revoked at any time. Subject to the provisions of the Incentive Plan, the administrator has the power to administer the Incentive Plan and make all determinations deemed necessary or advisable for administering the Incentive Plan. These administrative powers include, but are not limited to, the power to determine the fair market value of Post-Closing Company Class A common stock, determine the awards to be granted, select the service providers to whom awards may be granted, determine the number of shares or dollar amounts covered by each award, approve forms of award agreements for use under the Incentive Plan, determine the terms and conditions of awards (including, but not limited to, the exercise price, the time or times at which awards may be exercised, any vesting acceleration or waiver of forfeiture restrictions and any restriction or limitation regarding any award or the shares relating thereto), construe and interpret the terms of the Incentive Plan and awards granted under it, prescribe, amend and resc