Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 132

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 132
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 addition, on June 6, 2024, our Board adopted the Non -EmployeeDirector Compensation Program, which is designed to provide competitive compensation necessary to attract and retain high quality non -employeedirectors and to encourage ownership of AirJoule stock to further align their interests with those of our stockholders. The Non -EmployeeDirector Compensation Program provides the following compensation for eligible non -employeedirectors: Cash compensation •An annual cash retainer of $50,000 for each non -employeedirector •An additional annual cash retainer for serving as a committee chair in the following amounts: (i) $15,000 for the audit committee chair, (ii) $10,000 for the compensation committee chair and (iii) $10,000 for the nominating and corporate governance committee chair Annual cash retainers are paid in quarterly installments in arrears and pro -ratedfor any partial calendar quarter of service. Equity compensation •An annual equity award with a target value of $108,000, granted 50% in the form of restricted stock units and 50% in the form of stock options, in each case, to be granted on the date of each annual or special meeting of the Company’s stockholders, eligible to vest in full on the earlier to occur of (i) the one year anniversary of the applicable grant date and (ii) the date preceding the next annual meeting of the Company’s stockholders following the grant date, subject to the applicable non -employeedirector’s continued service through the applicable vesting date. If a non -employeedirector is first appointed or elected on a date other than the date of an annual or special meeting of the Company’s stockholders, such director will be granted an equity award with a target value pro -ratedfor any partial year of service. Each annual equity award granted under our Non -EmployeeDirector Compensation Program will vest (and become exercisable, as applicable) in full (i) immediately prior a “change in control” of the Company (as defined in the Incentive Plan, or similar term as defined in the then -applicableplan), subject to the applicable non -employeedirector’s continued service until immediately prior to the change in control, if the non -employeedirector will not become a member of the Board or board of directors of the successor to the Company (or any parent thereof) as of immediately following the change in control, and (ii) if a non -employeedirector incurs a termination of service with