Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1160

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 5
Chunk 1160
---
 (h) foreign exchange gains and losses;
and (i) a change in the Company’s fiscal year.

Any one or more of the performance criteria may
be used on an absolute or relative basis to measure the performance of our company, as the administrator may deem appropriate, or as compared
to the performance of a group of comparable companies, or published or special index that the administrator deems appropriate.

In determining the actual size of an individual
Performance Compensation Award, the administrator may reduce or eliminate the amount of the award through the use of negative discretion
if, in its sole judgment, such reduction or elimination is appropriate. The administrator shall not have the discretion to (i) grant
or provide payment in respect of Performance Compensation Awards if the performance goals have not been attained or (ii) increase
a Performance Compensation Award above the maximum amount payable under the Plan.

Other Material
Provisions. Awards will be evidenced by a written agreement, in such form as may be approved by the administrator. In
the event of various changes to the capitalization of our company, such as stock splits, stock dividends and similar
re-capitalizations, an appropriate adjustment will be made by the administrator to the number of shares covered by outstanding
awards or to the exercise price of such awards. The administrator generally has the power to accelerate the exercise or vesting
period of an award. The administrator is also permitted to include in the written agreement provisions that provide for certain
changes in the award in the event of a change of control of our company, including acceleration of vesting or payment of the value
of the award in cash or stock. Except as otherwise determined by the administrator at the date of grant, awards will generally not
be transferable, other than by will or the laws of descent and distribution. Prior to any award distribution, to the extent provided
by the terms of an award agreement and subject to the discretion of the administrator, a participant may satisfy any employee
withholding tax requirements relating to the exercise or acquisition of common stock under an award by tendering a cash payment
authorizing the Company to withhold shares of common stock otherwise issuable to the participant as a result of the exercise or
acquisition of common stock under the award (in addition to the Company’s right to withhold from any compensation paid to the
participant by the Company). The board of directors has the authority, at any time, to discontinue the granting of awards. The board
also has the authority to alter or amend the Plan or any