Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 68

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 68
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, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially
all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their
ownership immediately prior to such Business Combination of the Outstanding Company Common Shares and the Outstanding Company Voting Securities,
as the case may be, and (B) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing
body) of the entity resulting from such Business Combination were Incumbent Directors at the time of the execution of the initial agreement
or of the action of the Board providing for such Business Combination;

(v)Shareholder
approval of a plan of complete liquidation of the Company.

(g)“Code”
means the Internal Revenue Code of 1986, as amended, and any successor thereto. Reference in the Plan to any section of the Code shall
be deemed to include any regulations or other interpretative guidance under such section, and any amendments or successor provisions to
such section, regulations or guidance.

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(h)“Committee”
means the Compensation Committee of at least three people as the Board has appointed to administer the Plan.

(i)“Common Shares”
means shares of the Company’s common stock (and any stock or other securities into which such ordinary shares may be converted or
into which they may be exchanged).

(j)”Company”
means AppTech Payments Corp., a Delaware corporation.

(k)“Date of Grant” means the date on which the granting of an Award is authorized, or such other date as may be specified in such
authorization.

(l)“Effective Date” means the date means the date on which the Plan is approved by the shareholders of the Company.

(m)“Eligible Director” means a person who is a “non-employee director” within the meaning of Rule 16b-3 under the Exchange
Act.

(n)“Eligible Person” with respect to an Award denominated in Common Shares, means any (i) individual employed by the Company or an Affiliate; provided, however,
that no such employee covered by a collective bargaining agreement shall be an Eligible Person unless and to the extent that such eligibility
is set forth in such collective bargaining agreement which includes rules regarding equity entitlement or in an agreement or instrument
relating thereto; (ii) director of the Company or an Affiliate; (iii) consultant or advisor to the Company or an Affiliate; provided