Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 45

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 45
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 Board adopted the Plan.

(g) . Except as provided in the applicable Award Agreement, a Participant shall have no rights to dividends, dividend equivalents or distributions or any other rights of a stockholder with respect to the Shares subject to an Option until
the Participant has given written notice of the exercise thereof, has paid in full for such Shares and has satisfied the requirements of Section 16 hereof.

(h) . In the event of the termination of employment or service with the Company and all Affiliates thereof of a
Participant who has been granted one or more Options, such Options shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Agreement.

(i) . An Option shall be affected, both with regard to vesting schedule and termination, by leaves of
absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status or service status of a Participant, in
the discretion of the Administrator.

Section 8. Stock Appreciation Rights.

(a) . Stock Appreciation Rights may be granted either alone (“”) or in conjunction with all or part of any
Option granted under the Plan (“”). Related Rights may be granted either at or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time or times at
which, grants of Stock Appreciation Rights shall be made, the number of Shares to be awarded, the Base Price, and all other conditions of Stock Appreciation Rights. Notwithstanding the foregoing, no Related Right may be granted for more Shares than
are subject to the Option to which it relates. The provisions of Stock Appreciation Rights need not be the same with respect to each Participant. Stock Appreciation Rights granted under the Plan shall be subject to the following terms and conditions
set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

(b) . Except as provided in the applicable Award Agreement, each Stock Appreciation Right shall be granted with a base price that is not less
than one hundred percent (100%) of the Fair Market Value of the related shares of Common Stock on the date of grant (such amount, the “”).

(c) . Except as provided in the applicable Award Agreement, a Participant shall have no rights to dividends, dividend equivalents
or distributions or any