Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 385

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 385
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 allowable under Section 422 of the Code and the regulations thereunder, any shares that become available for issuance under the Incentive Plan as described in the bullet point immediately above as well as pursuant to its expiration and lapse provisions, as described further below.

In any given fiscal year of the Post-Closing Company, no non-employee member of the Post-Closing Company Board may be granted any equity awards (including equity awards under the Incentive Plan) and be provided any cash retainers or fees that, in the aggregate, exceed $ , increased to $ in the Post-Closing Company fiscal year of the individual’s initial service as a non-employee director.

The Incentive Plan will be administered by the Post-Closing Company Board or a committee of the Post-Closing Company Board members or other individuals satisfying applicable laws appointed by the Post-Closing Company Board, including, if designated by the Post-Closing Company Board, the compensation committee of the Post-Closing Company Board.

Summary of the Incentive Plan

The following paragraphs provide a summary of the principal features of the Incentive Plan and its operation. However, this summary is not a complete description of all of the provisions of the Incentive Plan and is qualified in its entirety by the specific language of the Incentive Plan. A copy of the Incentive Plan is attached to this proxy statement/prospectus as Annex D.

Purposes of the Incentive Plan

The purposes of the Incentive Plan will be to attract and retain the best available personnel for positions of substantial responsibility with the Post-Closing Company or any parent or subsidiary of the Post-Closing Company; to provide additional incentive to eligible employees, directors, and consultants; and to promote the success of the Post-Closing Company’s business. These incentives will be provided through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, and performance awards as the administrator of the Incentive Plan may determine.

Eligibility

The Incentive Plan permits the grant of incentive stock options, within the meaning of Section 422 of the Code, to the Post-Closing Company’s employees and any of its parent corporations’ and subsidiary corporations’ employees, and the grant of nonstatutory stock options, restricted stock, restricted stock units, stock appreciation rights and performance awards to employees, directors and consultants of the Post-Closing Company and employees and consultants of any of its parents or subsidiaries. Following the Effective Time, the Post-Closing Company is expected to have five non