Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 93

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 93
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 Laws, require Reimbursement, Termination, or Rescission
of, or Recapture relating to, any such Award granted to a Participant; provided that the Company will not seek Reimbursement, Termination,
or Rescission of, or Recapture relating to, any such Awards that were paid or vested more than three (3) years prior to the first
date of the applicable restatement period. Notwithstanding any other provision of the Plan, all Awards shall be subject to Reimbursement,
Termination, Rescission, and/or Recapture to the extent required by Applicable Law, including but not limited to Section 10D of the
Exchange Act. In addition, without limiting anything in this Section 13, all Awards granted under the Plan will be subject to recoupment
in accordance with any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities
exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform
and Consumer Protection Act or other Applicable Law and any clawback policy that the Company otherwise adopts, to the extent applicable
and permissible under Applicable Law. In addition, the Board may impose such other clawback, recovery or recoupment provisions in an Award
Agreement as the Committee determines necessary or appropriate, including but not limited to a reacquisition right in respect of previously
acquired Shares or other cash or property upon the occurrence of Cause. No recovery of compensation under such a clawback policy will
be an event giving rise to a Participant’s right to voluntarily terminate employment upon a “resignation for good reason,”
or for a “constructive termination” or any similar term under any plan of or agreement with the Company.

14.Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare, or other benefit plan of the Company or any of its Affiliates except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.

15.Administration of the Plan. The Committee shall administer the Plan in accordance with its terms, provided that the Board may act in lieu of the Committee on any matter. The Committee shall hold meetings at such times and places as it may determine from time to time and may prescribe, amend, and rescind such rules, regulations, and procedures for the conduct of its business as