Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 52

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 52
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 financing of the Company for capital raising purposes, (b) a transaction with its primary purpose being to change the jurisdiction of the Company’s incorporation, or (c) to the extent necessary to avoid the imposition of taxes or penalties under IRC Section 409A, a transaction is not a “change in the ownership or effective control of” the Company or “a change in the ownership of a substantial portion of the assets of” the Company as determined under Treasury Regulation promulgated pursuant to Section 409A of the Code. 31

Plan Amendments and Termination . The 2025 Plan will have a term of ten years unless we terminate it sooner. In addition, our Board has the authority to amend, suspend or terminate the 2025 Plan, subject to shareholder approval in the event such approval is required by law. Upon expiration of the term, no further awards may be granted under the 2025 Plan. No amendment, suspension or termination of the 2025 Plan or any award shall materially adversely affect the rights under any outstanding award without the holder’s written consent. However, an amendment that may cause an incentive stock option to become a non-qualified stock option or the administrator considers necessary or advisable to comply with applicable laws will not be treated as materially adversely affecting the rights under any outstanding award. Certain Interests of Directors and Officers. In considering the recommendation of the Board with respect to the approval of the 2025 Plan, shareholders should be aware that, as discussed above and below, directors and officers are eligible to receive awards under the 2025 Plan. The Board recognizes that approval of this proposal may benefit our directors and officers and their successors. New Plan Benefits Awards under the 2025 Plan, if approved by shareholders, would be discretionary and no specific determination has been made as to the grant or allocation of awards under the 2025 Plan. Therefore, at this time the benefits that may be received by the Company’s employees, directors, consultants or other service providers under the 2025 Plan are not presently determinable. Accordingly, in lieu of providing information regarding benefits that will be received under the 2025 Plan, the following table provides information concerning the benefits that were received by the following persons and groups during 2024: each Named Executive Officer; all current executive officers as a group; all current directors who are not executive officers as a group; each nominee for election as a director; and all employees, including current officers who are not executive officers, as a group.

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