Company: ACHV
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059297
Chunk: 81

Company: ACHIEVE LIFE SCIENCES, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 81
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15.“Employee”means any person, including officers and directors, providing services as an employee to the Company or any Parent, Subsidiary, or Affiliate. Neither service as a director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

27.16.“Exchange Act”means the United States Securities Exchange Act of 1934, as amended.

27.17.“Exchange Program”means a program pursuant to which (a) outstanding Awards are surrendered, cancelled, or exchanged for cash, the same type of Award, or a different Award (or combination thereof); or (b) the exercise price of an outstanding Award is increased or reduced.

27.18.“Exercise Price”means, with respect to an Option, the price at which a holder may purchase the Shares issuable upon exercise of an Option.

27.19.“Fair Market Value”means, as of any date, the value of a Share, determined as follows:

(a) if such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal or such other source as the Board deems reliable;

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(b) if such Common Stock is publicly traded but is neither listed nor admitted to trading on a national securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal or such other source as the Board deems reliable;

(c) by the Board in good faith.

27.20.“IRS”means the United States Internal Revenue Service.

27.21.“Non-Employee Director”means a Director who is not an Employee of the Company or any Parent, Subsidiary, or Affiliate.

27.22.“Option”means an award of an option to purchase Shares pursuant to Section 5.

27.23.“Parent”means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if each of such corporations other than the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

27.24. “Participant”means a person who holds an Award under this Plan.

27.25.“Performance Award”means an Award as defined in Section 9 and granted under the Plan, the payment of which is contingent upon achieving certain performance goals established