Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 36

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 36
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 “Change in Control” above).

(p) “” means a consultant or advisor who is not an Employee
or Non-Employee Director and who performs bona fide services for the Company, a Parent or Subsidiary.

(q)
“” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance agreement with the Participant or, if any such agreement does not define “Disability,”
Disability means, with respect to any Participant, that such Participant, as determined by the Administrator in its sole discretion, is (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan
covering employees of the Company or an Affiliate thereof.

(r) “” has the meaning set forth in Section 20 hereof.

(s) “” means an Employee, Non-Employee Director or Consultant of the Company
or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; , , to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an
Eligible Recipient of an Option or a Stock Appreciation Right means an Employee, Non-Employee Director, or Consultant of the Company or any Affiliate of the Company with respect to whom the Company is an
“eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

B-3

(t) “” means any individual who is a
common-law employee of the Company, a Parent or a Subsidiary and who is an “employee” within the meaning of section 3401(c) of the Code and regulations issued thereunder, including without limitation
the officers of the Company.

(u) “” means the Securities Exchange Act of 1934, as amended from time to time.

(v) “” means, with respect to any Option, the per share price at which a holder of such Option may purchase such shares of
Common Stock issuable upon the exercise of such Option.

(w)