Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 264

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 264
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 or lapsing of restrictions or payment, or in any other way secure the payment, of compensation or benefits under any PlusAI benefit plan other than payments of compensation or benefits that are immaterial, (2) establish, adopt, enter into, materially amend in any respect or terminate any material employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended) or any plan, agreement, program, policy or other arrangement that would be a material employee benefit plan of PlusAI if it were in existence as of June 5, 2025, (3) forgive any loans or issue any loans to any PlusAI employee, (4) hire or terminate without “cause” (as determined consistent with past practice) the employment of any PlusAI employee with the title of Chief Executive Officer, Chief Operating Officer, Chief Architect, Chief Financial Officer, or Chief Revenue Officer, (5) implement or announce any employee layoffs, furloughs, reductions in force, reductions in compensation, hours or benefits, work schedule changes or similar actions, in each case that would require notice or pay in lieu of notice under the WARN Act, or (6) recognize or certify any labor union as the bargaining representative for any PlusAI employee, or become a party to, establish, adopt, amend, commence participation in or terminate any employee collective bargaining contract with a labor union;

make any capital expenditures that exceed $500,000 in the aggregate other than as consistent with PlusAI’s annual capital expenditures budget; or

enter into any contract to do any action prohibited pursuant to the foregoing.

Subject to specified exceptions and qualifications, CCIX has agreed that neither CCIX nor its subsidiaries will take the following actions during the interim period between signing of the Merger Agreement and Closing, without the prior written consent of PlusAI (which consent will not be unreasonably conditioned, withheld, delayed or denied, except in certain cases as described in the Merger Agreement as to which PlusAI consent may be granted or withheld at its sole discretion):

change, modify or amend CCIX’s trust agreement or organizational documents or the organizational documents of Merger Subs;

declare, set aside or pay any dividends on, or make any other distribution in respect of any outstanding capital stock of, or other equity interests in, CCIX;

split, combine, subdivide, recapitalize or reclassify any capital stock of, or other equity interests in, CCIX (excluding any separation of issued and outstanding units of CCIX