Company: LTRYW
Filing Date: 2025-01-30
Form Type: PRE 14A
Source: 0001493152-25-004309
Chunk: 14

Company: Lottery.com Inc.
Filing Date: 2025-01-30
Form: PRE 14A
Chunk 14
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 is also responsible for reviewing and discussing with the independent registered public accounting firm and management our annual audited financial statements and our quarterly financial statements prior to their inclusion in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or other publicly disseminated materials in accordance with the applicable SEC rules and regulations.

The Audit Committee operates pursuant to a charter adopted by the Board.

Compensation Committee.All members of the Compensation Committee are “independent” in accordance with the Nasdaq Rules and SEC rules applicable to boards of directors in general and compensation committees in particular. In addition, at least two members of the Compensation Committee qualify as “non-employee directors” for purposes of Rule 16b-3 under the Exchange Act.

The Compensation Committee is responsible for reviewing and overseeing our compensation policies and practices, and meets regularly throughout the year to review and discuss, among other items, our compensation philosophy, changes in compensation governance, and compliance rules and best practices. With respect to executive compensation, the Compensation Committee:

| ● | annually                                                                                                                           
 reviews and approves corporate goals and objectives relevant to the compensation of our CEO and other executive officers;          |
| ● | evaluates,                                                                                                                         
 as a committee or together with the other independent directors (as directed by the Board), the performance of our CEO and other   
 executive officers in light of such corporate goals and objectives, as well as their individual achievements;                      |
| ● | approves                                                                                                                           
 and recommends to our Board for approval of the compensation of our CEO and other executive officers based on this evaluation; and |
| ● | periodically                                                                                                                       
 reviews and approves of all elements of our CEO’s and other executive officers’ compensation, including cash-based and             
 equity-based awards and opportunities, as well as any employment agreements and severance agreements, change in control agreements 
 and special or supplemental compensation and benefits.                                                                             |

Additional duties and responsibilities of the Compensation Committee include:

| ● | establishing                                                                                                                       
 and reviewing the objectives of our basic compensation policies;                                                                   |
| ● | making                                                                                                                             
 recommendations to our Board with respect to the adoption, amendment, termination or replacement of equity-based compensation or   
 non-equity-based incentive compensation plans maintained by the Company;                                                           |
| ● | establishing                                                                                                                       
 and periodically reviewing policies regarding senior management perquisites and expense accounts;                                  |
| ● | reviewing                                                                                                                          
 our regulatory compliance with respect to compensation matters, including SEC rules and regulations regarding stockholder approval 
 of certain executive compensation; and                                                                                             |
| ● | assessing                                                                                                                          
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