Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 515

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 515
---
 earlier termination as provided in the 2021 Plan, and in any case will be settled not more than 10 years after its date of grant.

Unless the administrator otherwise expressly provides otherwise, restricted stock units that remain subject to vesting conditions that have not been satisfied by the time specified in the applicable award agreement will not vest or be settled. The award agreement will specify any other terms or conditions of the forfeiture or repurchase if the award fails to vest.

Non-Transferability of Awards. Generally only the grantee may exercise an award and awards generally are non-transferable and will not be subject to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge. Such exercise and transfer restrictions will not apply to transfers to PlusAI, certain transfers by gift or domestic relations order to family members as described in the 2021 Plan, transfers by a grantee’s legal representative if grantee has suffered a disability, or transfers done by beneficiary designation in connection with the participant’s death, will, or the laws of descent and distribution, or as otherwise provided by the administrator.

Certain Adjustments. Upon (or, as may be necessary to effect the adjustment, immediately prior to) any reclassification, recapitalization, share split (including in the form of a share dividend), reverse share split, merger, combination, consolidation, reorganization, split-up, spin-off, extraordinary dividend distribution in respect of the Shares, any exchange of Shares or other securities of the Company, or any similar, unusual or extraordinary corporate transaction in respect of the Shares, then the administrator will equitably and proportionately adjust (1) the number and type of Shares (or other securities) that may be granted pursuant to awards (including the specific 2021 Plan share reserve amounts, maximums and number of shares set forth in the 2021 Plan), (2) the number, amount and type of Shares (or other securities or property) subject to any outstanding awards, (3) the grant, purchase, exercise or base price of any outstanding awards, and/or (4) the securities, cash or other property deliverable upon exercise or vesting of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by the 2021 Plan and the then-outstanding awards.

<div align='center'>328</div>

Unless otherwise expressly provided in the applicable award agreement, upon (or, as may be necessary to effect the adjustment, immediately prior to) any event or