Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 129

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 129
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 options are exercisable for the first time by
an individual during any calendar year under all plans of the company and any “parent corporation” or “subsidiary corporation”
thereof exceeds $100,000 (or such other individual limit as may be in effect on the grant date), the portion of such incentive stock
options that exceeds such threshold shall be treated as a non-qualified stock option. incentive stock options shall be granted to employees
only. No incentive stock option shall be granted more than 10 years from the earlier of (x) the date on which the Plan is adopted by
the Board, or (y) the date on which the Plan is approved by the Company’s shareholders.

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Restricted Stock Awards

Shares of Common Stock awarded pursuant to a
restricted stock award shall be recorded in the company’s books and records in the name of the participant of such restricted stock
award. if provided for under the award agreement for the restricted stock award, the participant shall have the right to vote shares
of common stock subject thereto and to enjoy all other shareholder rights, including the entitlement to receive dividends on the shares
of common stock during the restriction period, except that (i) the participant shall not be entitled to delivery of a share certificate
(if any) until the restriction period shall have expired, (ii) the company shall retain custody of such share certificate (if any) during
the restriction period (with a share power endorsed by the participant in blank), (iii) the participant may not sell, transfer, pledge,
exchange, hypothecate or otherwise dispose of the shares of common stock during the restriction period, and (iv) a breach of the terms
and conditions established by the committee pursuant to the award agreement for the restricted stock award shall cause a forfeiture of
the restricted stock award. At the time of such award, the committee may, in its sole discretion, prescribe additional terms and conditions
or restrictions relating to restricted stock award, including, but not limited to, rules pertaining to the effect of termination of employment,
director status or consultant status prior to expiration of the restriction period. Such additional terms, conditions or restrictions
shall be set forth in an award agreement for the restricted stock award made in conjunction with the award. Such award agreement for
the restricted stock award may also include provisions relating to (x) subject to the provisions hereof, accelerated vesting of awards,
including, but not limited to, accelerated vesting upon the occurrence of a change in control, (y)