Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 570

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 2
Chunk 570
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 law. The terms and conditions applicable to
RSUs will be determined by the Committee, subject to the conditions and limitations contained in the 2024 Incentive Plan.

Other Stock or Cash-Based
Awards. Other stock or cash based awards are awards of cash, fully vested shares of Class A Common Stock and other awards valued
wholly or partially by referring to, or otherwise based on, shares of Class A Common Stock. Other stock or cash based awards may be granted
to participants and may also be available as a payment form in the settlement of other awards or as standalone payments.

Dividend Equivalents. Dividend
equivalents represent the right to receive the equivalent value of dividends paid on shares of Class A Common Stock and may be granted
alone or in tandem with awards other than stock options or SARs. Dividend equivalents are credited as of the dividend record dates during
the period between the date an award is granted and the date such award vests, is exercised, is distributed or expires, as determined
by the Committee; however, dividend equivalents will not be payable unless and until the underlying award becomes payable and will be
subject to forfeiture to the same extent as the underlying award.

Performance Awards. Performance
awards granted pursuant to the 2024 Incentive Plan may be in the form of a cash bonus, or an award of performance shares or performance
units denominated in shares of Class A Common Stock, that may be settled in cash, property or by issuance of those shares subject to the
satisfaction or achievement of specified performance conditions.

Transferability. Each
award may be exercised during the participant’s lifetime only by the participant or, if permissible under applicable law, by the
participant’s guardian or legal representative and may not be otherwise assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by a participant other than by will or by the laws of descent and distribution and any such purported assignment,
alienation, pledge, attachment, sale, transfer or encumbrance will be void and unenforceable against Holdco or its affiliates. The Committee,
however, may permit awards (other than ISOs) to be transferred to family members, a trust for the benefit of such family members, a partnership
or limited liability company whose partners or stockholders are the participant and his or her family members or anyone else approved
by it.

Amendment and Termination;
Repricing. In general, the Board may amend,