Company: LIDRW
Filing Date: 2025-03-25
Form Type: PREC14A
Source: 0001140361-25-010248
Chunk: 61

Company: AEye, Inc.
Filing Date: 2025-03-25
Form: PREC14A
Chunk 61
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 (f/k/a AEye, Inc.), following the Plan’s approval by the stockholders of the Company (the “ Effective Date”). 1.2 Purpose.The purpose of the Plan is to advance the interests of the Participating Company Group and its stockholders by providing an incentive to attract, retain and reward persons performing services for the Participating Company Group and by motivating such persons to contribute to the growth and profitability of the Participating Company Group. The Plan seeks to achieve this purpose by providing for Awards in the form of Options, Stock Appreciation Rights, Restricted Stock Awards, Restricted Stock Units, Performance Shares, Performance Units, Cash-Based Awards and Other Stock-Based Awards. 1.3 Term of Plan.The Plan shall continue in effect until its termination by the Committee; provided, however, that all Awards shall be granted, if at all, within ten (10) years from the earlier of the date that the Plan was approved by the Board or the stockholders of the Company.

| 2. | Definitions and Construction. |

2.1 Definitions.Whenever used herein, the following terms shall have their respective meanings set forth below: (a) “ Affiliate” means (i) a parent entity, other than a Parent Corporation, that directly, or indirectly through one or more intermediary entities, controls the Company or (ii) a subsidiary entity, other than a Subsidiary Corporation, that is controlled by the Company directly or indirectly through one or more intermediary entities. For this purpose, the terms “parent,” “subsidiary,” “control” and “controlled by” shall have the meanings assigned to such terms for the purposes of registration of securities on Form S-8 under the Securities Act. (b) “ Award” means any Option, Stock Appreciation Right, Restricted Stock Purchase Right, Restricted Stock Bonus, Restricted Stock Unit, Performance Share, Performance Unit, Cash-Based Award or Other Stock-Based Award granted under the Plan. (c) “ Award Agreement” means a written or electronic agreement between the Company and a Participant setting forth the terms, conditions and restrictions applicable to an Award. (d) “ Board” means the Board of Directors of the Company. (e) “ Cash-Based Award” means an Award denominated in cash and granted pursuant to Section 11. (f) “ Cashless Exercise” means a Cashless Exercise as defined in Section 6.3(b)(i). (g) “ Cause” means any of the following: (i) the Participant’s theft, dishonesty, willful misconduct