Company: BKYI
Filing Date: 2025-06-27
Form Type: DEF 14A
Source: 0001437749-25-021438
Chunk: 24

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-06-27
Form: DEF 14A
Chunk 24
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 is terminated by either party, or modified in accordance with the terms and conditions of the agreement. The employment agreement contains standard and customary confidentiality, technical invention provisions, as well as a covenant not to compete, which prohibits Ms. Welch from doing business with any current or prospective customer of the Company or engaging in a business competitive with that of the Company during the term of her employment and for the one-year period thereafter. This agreement also contains a number of termination provisions as described in “Termination Arrangements”and“Change in Control Arrangements” below.

Stock Option Grants and Restricted Stock Awards

In the event of any change in the outstanding shares of our common stock by reason of a stock dividend, stock split, combination of shares, recapitalization, merger, consolidation, transfer of assets, reorganization, conversion or what the board deems to be similar circumstances, the number and kind of shares subject to outstanding options and restricted stock awards, and the exercise price of such options shall be appropriately adjusted. Restricted Furthermore, option agreements and restricted stock award agreements contain change of control provisions as described under the caption “Change in Control Provisions” below.

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Outstanding Equity Awards at December 31, 2024</div>

The following table sets forth for each named executive officer, information regarding outstanding equity awards as at December 31, 2024.

|                       |     | Option Awards |     |     |          |        |     |            |     | Stock Awards  |        |     |              |        |
|                       |     |               |     |     |          |        |     |            |     |               |        |     | Market value |        |
|                       |     | Number of     |     |     |          |        |     |            |     | Number of     |        |     | of           |        |
|                       |     | securities    |     |     |          |        |     |            |     | shares or     |        |     | shares of    |        |
|                       |     | underlying    |     |     |          |        |     |            |     | units         |        |     | units of     |        |
|                       |     | unexercised   |     |     | Option   |        |     |            |     | of stock that |        |     | stock that   |        |
|                       |     | options       |     |     | exercise |        |     | Option