Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 116

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 116
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 Committee is independent of management and free of any relationships that, in the opinion of the Board, would interfere with the exercise of independent judgment and are independent, as that term is defined under the enhanced independence standards for audit committee members in the Exchange Act and the rules promulgated thereunder.

The Board has determined that John Gallina is an “audit committee financial expert,” as that term is defined in the rules promulgated by the Securities and Exchange Commission (the “SEC”) pursuant to the Sarbanes-Oxley Act of 2012. The Board has further determined that each member of the Audit and Finance Committee is financially literate and that at least one member of the committee has accounting or related financial management expertise, as such terms are interpreted by the Board in its business judgment.

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Compensation Committee

The Board formally established a Compensation Committee in October 2023. The Compensation Committee is composed of one (1) independent director (as defined under the general independence standards of the Nasdaq listing standards and our Corporate Governance Guidelines): Bill Stafford, a “non-employee director” (within the meaning of Rule 16b-3 of the Exchange Act), serves as chair of the Compensation Committee. Mark Hamm, Chief Operating Officer, also serves on the committee. The committee’s primary duties are to:

| ● | approve                                                                                                                           
 corporate goals and objectives relevant to executive officer compensation and evaluate executive officer performance in light of  
 those goals and objectives;                                                                                                       |
| ● | determine                                                                                                                         
 and approve executive officer compensation, including base salary and incentive awards;                                           |
| ● | make                                                                                                                              
 recommendations to the Board regarding compensation plans; and                                                                    |
| ● | administer                                                                                                                        
 any stock plan, equity incentive plan, inducement plan or other compensation plan adopted for the benefit of our employees and/or 
 directors.                                                                                                                        |

The Compensation Committee will determine and approve all elements of executive officer compensation. It will also provide recommendations to the Board with respect to non-employee director compensation. The Compensation Committee may not delegate its authority to any other person, other than to a subcommittee.

Corporate Governance and Nominating Committee

Our Board formally established a Corporate Governance and Nominating Committee in October 2023. The Corporate Governance and Nominating Committee is composed of one (1) independent director (as defined under the general independence standards of the Nasdaq listing standards and our Corporate Governance Guidelines): Kevin McAdams, a “non-employee director” (within the meaning of Rule 16