Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 107

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 107
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 rulings and regulations thereunder.

1.2.8“Committee” has the meaning set forth in Section 1.3.1.

1.2.9“Common Stock” means the common stock of Clipper Realty, par value $0.01 per share, and any other securities or property issued in exchange therefor or in lieu thereof pursuant to Section 1.6.3.

1.2.10“Company” means Clipper Realty and any Subsidiary, and any successor entity thereto.

1.2.11“Company Voting Securities” has the meaning provided in the definition of Change in Control.

1.2.12“Consent” has the meaning set forth in Section 3.3.2.

1.2.13“Covered Person” has the meaning set forth in Section 1.3.4.

1.2.14“Effective Date” has the meaning set forth in Section 3.23.

1.2.15“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor thereto, and the applicable rules and regulations thereunder.

1.2.16“Fair Market Value” means, with respect to a Share, the closing price reported for the Common Stock on the applicable date as reported on the New York Stock Exchangeor, if not so reported, as determined in accordance with a valuation methodology approved by the Committee, unless determined as otherwise specified herein. For purposes of the grant of any Award, the applicable date will be the trading day on which the Award is granted or, if the date the Award is granted is not a trading day, the trading day immediately prior to the date the Award is granted. For purposes of the exercise of any Award, the applicable date is the date a notice of exercise is received by the Company or, if such date is not a trading day, the trading day immediately following the date a notice of exercise is received by the Company.

1.2.17“Grantee” means a Non-Employee Director who receives an Award.

1.2.18“Incumbent Directors” has the meaning provided in the definition of Change in Control.

1.2.19“LTIP Units” has the meaning set forth in Section 2.7.1.

1.2.20 “Non-Employee Director” has the meaning set forth in Section 1.1.

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1.2.21