Company: NDRA
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001654954-25-012254
Chunk: 59

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 59
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 liquidation or dissolution of the Company, or a sale of all or substantially all of the assets of the Company; or (d) during any period of 24 consecutive months, the “incumbent directors” (as defined in the 2016 Plan) cease to constitute a majority of the Board.

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Adjustments

Adjustments under the 2016 Plan related to shares or other securities of the Company will be made by the Board.

No Limitations on Company

The making of awards will not affect or limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge, consolidate, dissolve or liquidate, or to sell or transfer all or any part of its business or assets.

Nonexclusivity of the 2016 Plan

Neither the adoption of the 2016 Plan Amendment nor the submission of the 2016 Plan Amendment to the stockholders for approval will be construed as creating any limitations upon the right or authority of the Board or its delegate to adopt such other compensation arrangements as the Board or its delegate determines desirable.

Withholding Taxes

The Company or an affiliate, as the case may be, will have the right to deduct from payments of any kind otherwise due to a grantee any federal, state or local taxes of any kind required by law to be withheld with respect to an award, including (i) by causing the Company or the affiliate to withhold the minimum required number of shares otherwise issuable to the grantee as may be necessary to satisfy such withholding obligation or (ii) by delivering to the Company or the affiliate shares already owned by the grantee. The shares so delivered or withheld will have an aggregate fair market value equal to such withholding obligations.

Governing Law

The 2016 Plan will be governed by and construed in accordance with the internal laws of the State of Delaware without regard to the principles of conflicts of law thereof or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other than the State of Delaware.

Separation from Service

The Board will determine the effect of a separation from service upon awards, and such effect will be set forth in the applicable award agreement. Without limiting the foregoing, the Board may provide in the award agreements at the time of grant, or any time thereafter with the consent of the grantee, the actions that will be taken upon the occurrence of a separation from service, including accelerated vesting or termination, depending