Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 63

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 63
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 accounting principles or international financial reporting standards. (c) “ Award ” or “Awards ” means any Option, SAR, Dividend Equivalent Right, Restricted Stock, Restricted Stock Unit, or Other Award. (d) “ Award Agreement ” means any written or electronic agreement or other instrument evidencing the grant of an Award, including any amendments thereto. Each Award Agreement is subject to the terms and conditions of the Plan. (e) “ Beneficial Ownership ” has the meaning defined in Rule 13d-3 under the Exchange Act. (f) “ Board ” means the Board of Directors of the Company. (g) “ Cause ” means, with respect to the termination by the Company or a Related Entity of a Participant’s Continuous Service, unless provided otherwise in the Participant’s Award Agreement, that such termination is for “Cause” as such term (or word of like import) is expressly defined in a then-effective written agreement between the Participant and the Company or such Related Entity, or, in the absence of such then-effective written agreement and definition, the Participant’s: (i) conviction of, or agreement to a plea of nolo contendere to, a felony, or any crime or offense lesser than a felony involving the property of the Company or a Subsidiary; (ii) conduct that has caused demonstrable and serious injury to the Company or a Subsidiary, monetary or otherwise; (iii) willful refusal to perform or substantial disregard of duties properly assigned, as determined by the Company; (iv) breach of duty of loyalty to the Company or a Subsidiary or other act of fraud or dishonesty with respect to the Company or a Subsidiary; or (v) violation of the Company’s code of conduct. (h) “ Change in Control ” means the occurrence of any of the following events after the Effective Date: (i) the acquisition by any Person of Beneficial Ownership of securities possessing more than one-third of the total combined voting power of the Company’s then outstanding securities;

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provided, however, that for purposes of this Subsection (i), the following acquisitions shall not constitute a Change in Control: (1) any acquisition by the Company; (2) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Related Entity; or (3) any acquisition pursuant to a transaction which complies with clauses (A), (B) and (C) of Subsection (ii) below; (ii