Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 518

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 518
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 contributions are not taxable to the employees until distributed from the 401(k) plan, and earnings on Roth contributions are not taxable when distributed from the 401(k) plan.

Director Compensation

PlusAI currently has no formal arrangements under which non-employee directors receive compensation for their service on the PlusAI Board or its committees. PlusAI reimburses non-employee directors for reasonable and necessary out-of-pocket expenses incurred in connection with attending board and committee meetings or performing other services in their capacities as non-employee directors. For the fiscal year ended December 31, 2024, we did not pay any compensation, make any equity awards or non-equity awards, or pay any other compensation to any of the members of our board of directors in connection with their service on our board of directors.

Executive Officer and Director Compensation Following the Business Combination

Executive Compensation

The policies of the Post-Closing Company with respect to the compensation of its executive officers following the business combination are expected to be administered by the board of directors of the Post-Closing Company in consultation with its compensation committee. The Post-Closing Company may also rely on data and analyses from third parties, such as compensation consultants, in connection with its compensation programs. The Post-Closing Company intends to design and implement programs to provide for compensation that is sufficient to attract, motivate and retain executives of the Post-Closing Company and other potential individuals and to establish an appropriate relationship between executive compensation and the creation of stockholder value.

Equity Compensation

As discussed above under the incentive plan proposal and the ESPP proposal, the CCIX Board is expected to approve and adopt the Incentive Plan and the ESPP, which, subject to the approval of CCIX’s shareholders, would authorize the grant of equity awards and stock purchases, respectively, to eligible individuals, including the named executive officers, following the consummation of the business combination.

Director Compensation

Following the completion of the Merger, the Post-Closing Company may provide compensation to its non-employee directors pursuant to a new non-employee director compensation policy under which each non-employee member of the Post-Closing Company Board would be eligible to receive cash-based and/or stock-based awards. If such a non-employee director compensation policy is adopted, the Post-Closing Company Board would be expected to review director compensation periodically to ensure that director compensation remains competitive such that the Post-Closing Company is able to recruit and retain qualified directors.

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BOARD OF DIRECTORS AND MAN AGEMENT AFTER THE BUSINESS COMB