Company: ALCE
Filing Date: 2025-04-14
Form Type: DEF 14C
Source: 0001213900-25-031333
Chunk: 26

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-04-14
Form: DEF 14C
Chunk 26
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ATED 2023 EQUITY INCENTIVE PLAN THIS AMENDMENT (the “ Amendment ”) to the ALTERNUS CLEAN ENERGY, INC. AMENDED AND RESTATED 2023 EQUITY INCENTIVE PLAN , as may be amended from time to time (the “ Plan ”), has been adopted by Alternus Clean Energy, Inc., a Delaware corporation (the “ Company ”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. W I T N E S S E T H : WHEREAS , the Company previously adopted the Plan; WHEREAS , the Plan provides that the board of directors of the Company (the “ Board ”) or the Compensation Committee of the Board may amend the Plan from time to time without the consent of any stockholders or Participants, except that any amendment or alteration to the Plan, that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company’s stockholders not later than the annual meeting next following such Committee action if such stockholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted; WHEREAS , the Board desires to amend the Plan to increase the number of shares of Stock available for delivery with respect to Awards; and WHEREAS , the Board has determined that this Amendment shall be made effective as of date this Amendment is approved by the stockholders of the Company (such date, the “ Amendment Effective Date ”). NOW, THEREFORE, the Plan shall be amended as of the Amendment Effective Date, as set forth below: 1.Section 3.1 of the Plan is hereby deleted and replaced in its entirety with the following: “ Share Reserve . Subject to adjustment in accordance with Section 3.2 and any adjustments as necessary to implement any Capitalization Adjustments, the aggregate number of shares of Common Stock that may be issued pursuant to Awards shall be that maximum aggregate number of shares of Common Stock which is increased each fiscal year (the “Adjustment Date”) by an amount equal to the lesser of (i) that number of shares equal to 15% of the outstanding shares of Common Stock on the applicable Adjustment Date, less (a) the number of shares of Common Stock that may be issued under the Plan prior to the Adjustment Date, and (b) the number of shares of Common Stock that may be issued under any other stock option plan of the Company in