Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 50

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 50
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 2.10“ Company ” means Bit Digital, Inc., an exempted company limited by shares and incorporated under the laws of the Cayman Islands. 2.11“ Compensation Committee ” means the compensation committee of the Board. 2.12“ Corporate Transaction ” has the meaning set forth in Section 4.2(b). 2.13“ Deferred Shares ” means a right, granted under Article 10, to receive Shares at the end of a specified deferral period. 2.14“ Disability ” or “ Disabled ” means, unless otherwise defined in an Award Agreement, or as otherwise determined under procedures established by the Committee for purposes of the Plan, a Grantee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months. 2.15“ Dividend Equivalent ” means a right to receive payments equal to dividends or property, if and when paid or distributed, on a specified number of Shares. 2.16“ Effective Date ” has the meaning set forth in Section 1.1. 2.17“ Eligible Person ” means any individual who is an employee (including any officer) of, a non-employee consultant to, or a Non-Employee Director of, the Company or any Subsidiary; provided, however, that solely with respect to the grant of an Incentive Share Option, an Eligible Person shall be any employee (including any officer) of the Company or any Subsidiary. Notwithstanding the foregoing, an Eligible Person shall also include an individual who is expected to become an employee to, non-employee consultant of or Non-Employee Director of the Company or any Subsidiary within a reasonable period of time after the grant of an Award (other than an Incentive Share Option); provided that any Award granted to any such individual shall be automatically terminated and cancelled without consideration if the individual does not begin performing services for the Company or any Subsidiary within twelve (12) months after the Grant Date. Solely for purposes of Section 5.6(b), current or former employees or non-employee directors of, or consultants to, an Acquired Entity who receive Substitute Awards in substitution for Acquired Entity Awards shall be considered Eligible Persons under this Plan with respect to such Substitute Awards. 2.18“ Exchange Act ” means the Securities Exchange Act