Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 53

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 53
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, transferred, pledged, hypothecated, encumbered, or otherwise
disposed of, and that may be forfeited in the event of certain terminations of employment or service, prior to the end of a restricted
period as specified by the Committee. RSUs are the right to receive shares of Common Stock at a future date in accordance with the terms
of such grant upon the attainment of certain conditions specified by the Committee, which include a substantial risk of forfeiture and
restrictions on their sale or other transfer by the participant. The Committee determines the eligible participants to whom, and the time
or times at which, grants of restricted stock or RSUs will be made; the number of shares or units to be granted; the price to be paid,
if any; the time or times within which the shares covered by such grants will be subject to forfeiture; the time or times at which the
restrictions will terminate; and all other terms and conditions of the grants. Restrictions or conditions could include, but are not limited
to, the attainment of performance goals (as described below), continuous service with the Company, the passage of time, or other restrictions
or conditions. Except as otherwise provided in the Amended Incentive Plan or the applicable award agreement, a participant shall have,
with respect to shares of restricted stock, all of the rights of a stockholder of the Company holding the class of Common Stock that is
the subject of the restricted stock, including, if applicable, the right to vote the shares, provided that no dividends or dividend equivalents
shall be paid on any Incentive prior to the vesting of the underlying shares of Common Stock.

Dividend Equivalent Rights.
The Committee is authorized to grant a dividend equivalent right to any participant, as a component of another award, conferring on the
participant the right to receive credits based on the cash dividends that would have been paid on the shares of Common Stock specified
in the award as if such shares were held by the participant. The terms and conditions of the dividend equivalent right shall be specified
in the grant, provided that no dividend equivalents shall be paid on any Incentive prior to the vesting of the underlying shares of Common
Stock. A dividend equivalent right may be settled in cash, shares, or a combination thereof.

Performance Awards. The
Committee may grant performance awards payable at the end of a specified performance period subject to conditions specified by the Board.

Other Awards. The Committee
may grant other forms of awards, based upon, payable in