Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 481

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 481
---
 NLS Board and executive officers, to identify and recommend qualified individuals to serve on the NLS Board; develop NLS Board membership criteria, to oversee NLS’s governance framework and policies in a leadership role and to coordinate the annual evaluation of the NLS Board and its committees. The Compensation Committee is composed of at least two members of the NLS Board. They are elected by the shareholders meeting annually at the ordinary shareholders’ meeting. The chairperson is appointed by the NLS Board. If there are vacancies on the Compensation Committee and the number of members falls below the minimum of two, the NLS Board elects a member of the NLS Board for the remaining term of office. The Compensation Committee meets as often as required to fulfill its duties, but at least once per fiscal year. The chairperson schedules and presides over meetings, and approves and distributes agendas in advance. A majority of Compensation Committee members present constitutes a quorum, and decisions require a majority vote. Action without a meeting is allowed through unanimous written consent. The Compensation Committee has the following roles and responsibilities: With regard to compensation guidelines:(a) prepare and recommend remuneration principles, or the Guidelines, for the NLS Board and Executive Officers and (b) annually review these Guidelines to ensure they align with market conditions, are consistent with NLS’s and the individual’s performance and recent compensation history, and aligns with the interests of the NLS Board and executive officers. With regard to the NLS Board compensation:(a) propose to the NLS Board the maximum aggregate compensation for the NLS Board to be approved by shareholders, as required under applicable Swiss Law and (b) recommend individual compensation packages for NLS Board members within the approved maximum approved by the shareholders. With regard to the executive officer compensation:(a) propose to the NLS Board the maximum aggregate compensation for executive officers, to be approved by shareholders, as applicable under Swiss law and (b) annually evaluate executive officer performance (without them present) and recommend salaries, incentive compensation, and equity, compensation for NLS Board approval within the approved maximum approved by the shareholders. With regard to incentive plans:(a) propose incentive compensation plans providing for variable compensation of the members of the NLS board and executive officers based on NLS and individual performance, (b) review and propose changes to equity compensation plans and (c) review and propose employment or severance agreements with executive officers within the approved maximum approved by the shareholders. With regard to corporate goals:(a) review annual corporate goals proposed by the CEO