Company: TELO
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001493152-25-004872
Chunk: 633

Company: Telomir Pharmaceuticals, Inc.
Filing Date: 2025-02-04
Form: 10-K
Item: Item 1C
Chunk 633
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 may grant SARs, which represent the right of a participant to receive cash in an amount or common stock with a fair market
value, equal to the appreciation of the fair market value of a share of common stock during a specified period of time. The 2023 Omnibus
Plan provides that the Administrator will determine all terms and conditions of each SAR, including, among other things: (a) whether
the SAR is granted independently of a stock option or relates to a stock option, (b) the grant price, which may never be less than the
fair market value of our common stock as determined on the date of grant, (c) a term that must be no later than 10 years after the date
of grant, and (d) whether the SAR will settle in cash, common stock or a combination of the two.

Performance
and Stock Awards

The
Administrator may grant awards of shares of common stock, restricted stock, RSUs, performance shares or performance units.
Restricted stock means shares of common stock that are subject to a risk of forfeiture or restrictions on transfer, which may lapse
upon the achievement or partial achievement of performance goals (as described below) or upon the completion of a period of service.
An RSU grants the participant the right to receive cash or shares of common stock, the value of which is equal to the fair market
value of one share of common stock, to the extent performance goals are achieved or upon the completion of a period of service.
Performance shares give the participant the right to receive shares of common stock to the extent performance goals are achieved.
Performance units give the participant the right to receive cash or shares of common stock which is valued in relation to a unit
that has a designated dollar value or the value of which is equal to the fair market value of one or more shares of common stock, to
the extent performance goals are achieved.

65

The
Administrator will determine all terms and conditions of the awards including (a) whether performance goals must be achieved for the
participant to realize any portion of the benefit provided under the award, (b) the length of the vesting or performance period and,
if different, the date that payment of the benefit will be made, (c) with respect to performance units, whether to measure the value
of each unit in relation to a designated dollar value or the fair market value of one or more shares of common stock, and (d) with respect
to performance shares, performance units, and RSUs, whether the awards will