Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 78

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 78
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 60 days after the Grantee has knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, the Grantee must give the Company 30 days to cure the event constituting Good Reason.

1.2.24“Grantee” means an Employee or Consultant who receives an Award.

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1.2.25“Incentive Stock Option” means a stock option to purchase Shares that is intended to be an “incentive stock option” within the meaning of Sections 421 and 422 of the Code, as now constituted or subsequently amended, or pursuant to a successor provision of the Code, and which is designated as an Incentive Stock Option in the applicable Award Agreement.

1.2.26“Incumbent Directors” has the meaning provided in the definition of Change in Control.

1.2.27“LTIP Units” has the meaning set forth in Section 2.7.1.

1.2.28 “Non-Qualifying Transaction” has the meaning provided in the definition of Change in Control.

1.2.29“Operating Partnership” has the meaning set forth in Section 2.7.1.

1.2.30 “Other Stock-Based or Cash-Based Awards” has the meaning set forth in Section 2.9.1.

1.2.31“Performance-Based Awards” means certain Other Stock-Based or Cash-Based Awards granted pursuant to Section 2.9.2.

1.2.32“Performance Criteria” has the meaning set forth in Section 2.9.2.

1.2.33“Performance Goals” means the performance goals established by the Committee in connection with the grant of Awards, which may or may not be based on Performance Criteria.

1.2.34“Plan” has the meaning set forth in Section 1.1.

1.2.35“Plan Action” has the meaning set forth in Section 3.3.1.

1.2.36“Section 409A” means Section 409A of the Code, including any amendments or successor provisions to that section, and any regulations and other administrative guidance thereunder, in each case as they may be from time to time amended or interpreted through further administrative guidance.

1.2.37“Securities Act” means the Securities Act of 1933, as amended from time to time, or any successor thereto, and the applicable rules and regulations thereunder