Company: CMND
Filing Date: 2025-12-05
Form Type: F-1/A
Source: 0001213900-25-118772
Chunk: 199

Company: Clearmind Medicine Inc.
Filing Date: 2025-12-05
Form: F-1/A
Chunk 199
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 Plan is maintained for our directors, officers, consultants and employees and any of our present and future subsidiaries. The CEO will make initial recommendations to the Compensation Committee on the setting of option grants, taking into account the seniority and contribution of the individuals eligible for the grants and the number of previously granted stock options. The Compensation Committee will then recommend to the Board for approval all incentive compensation for our executives, based on both individual and Company performance in any given year, and will take into consideration the levels of compensation paid to persons in the same or similar management positions at comparable companies, in making such recommendations. 121 Option-based Awards Pursuant to the Omnibus Plan, an option exercise price cannot be less than the closing price of the Common Shares on the Exchange on the last trading day preceding the option grant. The purchase price for the Common Shares under each option shall be determined by the Compensation Committee. The maximum term is ten (10) years. There are no specific vesting provisions under the Omnibus Plan. Options are non-assignable and non-transferable other than by will or by the laws of descent and distribution. As at the date hereof, there are 5,521 stock options outstanding under the Omnibus Plan, which represents approximately 0.65% of the Common Shares reserved for issuance under the Omnibus Plan. Please see “Management - Share Ownership - Omnibus Equity Incentive Plan” below, for a summary of the Omnibus Plan. Compensation Governance Given the Corporation’s size and stage of operations, it has not appointed a Compensation Committee or formalized any guidelines with respect to compensation at this time. The amounts paid to our executive officers are determined by the independent Board members. The Board determines the appropriate level of compensation reflecting the need to provide incentive and compensation for the time and effort expended by the executives, while taking into account our financial and other resources. Pension Plan Benefits No benefits were paid, and no benefits are proposed to be paid to any of our executive officers under any pension or retirement plan. Termination and Change of Control Benefits No Termination or Change of control benefits were paid or are proposed to be paid to any of our executive officers. Directors Compensation For a description of the terms of our options and option plans, see “Management - Share Ownership - Omnibus Equity Incentive Plan ”below. Directors’ Service Contracts Other than with respect to our directors that are also executive officers, we do not have written agreements with any director providing for benefits upon the termination of his employment with our Company. Differences between the BC