Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 436

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 436
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, at least two of which are “ non -employee directors” within the meaning of Rule 16b -3 promulgated under the Exchange Act and “independent” for purposes of any applicable listing requirements. If a member of the committee is eligible to receive an award under the Plan, such committee member shall have no authority under the plan with respect to his or her own award. Among other things, the board or committee has complete discretion, subject to the express limits of the Plan, to determine the directors, employees and nonemployee consultants to be granted an award, the type of award to be granted the terms and conditions of the award, the form of payment to be made and / or the number of ordinary shares subject to each award, the exercise price of each option, the term of each award, the vesting schedule for an award, whether to accelerate vesting, the value of the ordinary shares underlying the award, and the required withholding, if any. The board or committee may amend, modify or terminate any outstanding award, provided that the participant’s consent to such action is required if the action would impair the participant’s rights or entitlements with respect to that award. The board or committee is also authorized to construe the award agreements, and may prescribe rules relating to the Plan. Notwithstanding the foregoing, the board or committee does not have any authority to grant or modify an award under the Plan with terms or conditions that would cause the grant, vesting or exercise thereof to be considered nonqualified “deferred compensation” subject to Code Section 409A, unless such award is structured to be exempt from or comply with all requirements of C ode Section 409A . Grant of Awards; Shares Available for Awards.The Plan provides for the grant of stock options, performance share unit awards, restricted stock restricted share unit awards and cash to non -employeedirectors, officers, employees and nonemployee consultants of Terra Innovatum Global N.V. or its affiliates. The aggregate number of ordinary shares reserved and available for grant and issuance under the Plan is10% of the total number of ordinary shares issued and outstanding as of immediately following the consummation of the business combination. Such aggregate number of shares will automatically increase on January 1 of each year for a period of ten years commencing on January1, 2026 and ending on (and including) January1, 2036, in an amount equal to 5% of the total number of shares of Stock outstanding on December 31 of the preceding year (the “D