Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 301

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 301
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 Incentive Award Plan in substitution for any equity or equity -basedawards granted by an entity before such entity’s merger or consolidation with New Fold or New Fold’s acquisition of such entity’s property or equity securities will not reduce the shares available for grant under the Incentive Award Plan but will count against the maximum number of shares that may be issued upon the exercise of ISOs. The Incentive Award Plan provides that the sum of any cash compensation and the aggregate grant date fair value (determined as of the date of grant under Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto) of all awards granted to a non -employeedirector as compensation for services as a non -employeedirector during any fiscal year may not exceed $750,000 (or, with respect to the first fiscal year of New Fold during which a non -employeedirector first serves as a non -employeedirector, $1,500,000). Eligibility.New Fold’s directors, employees and consultants, and employees and consultants of New Fold’s subsidiaries, will be eligible to receive awards under the Incentive Award Plan; however, ISOs may only be granted to employees of New Fold or New Fold’s parent or subsidiary corporations. Following the Closing, New Fold is expected to have approximately 7 directors, 30 employees and 2 consultants who will be eligible to receive awards under the Incentive Award Plan. Types of Awards.The Incentive Award Plan allows for the grant of awards in the form of: (i) ISOs; (ii) non -qualifiedstock options (“ NSOs”); (iii) SARs; (iv) restricted stock; (v) restricted stock units (“ RSUs”); (vi) dividend equivalents; and (vii) other stock or cash based awards. • Stock Options and SARs. The plan administrator may determine the number of shares to be covered by each option and/or SAR, the exercise price and such other terms, conditions, and limitations, including the vesting, exercise, term and forfeiture provisions, applicable to each option and/or SAR as it deems necessary or advisable. Stock options provide for the purchase of shares of New Fold Common Stock in the future at an exercise price set on the grant date. Options granted under the Incentive Award Plan may be either ISOs or NSOs. ISOs, in contrast to NSOs, may provide tax deferral beyond exercise and favorable capital gains tax treatment to their holders if certain holding period and