Company: MVNC
Filing Date: 2025-04-25
Form Type: 10-K
Source: 0001683168-25-002807
Chunk: 5

Company: Marvion Inc.
Filing Date: 2025-04-25
Form: 10-K
Item: Item 12
Chunk 5
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 our common stock on the date of grant. The exercise price of incentive stock options granted to 10% stockholders
must be at least equal to 110% of that value. The maximum term of options granted under the Plan is seven years or, in the case of an
incentive stock option granted to 10% stockholders, five years.

Restricted Stock Award.
An RSA is an offer by us to sell Shares subject to restrictions. The price, if any, of an RSA will be determined by the Administrator.
These awards are subject to forfeiture or repurchase prior to vesting as a result of termination of employment or failure to achieve certain
vesting conditions.

Restricted Stock Units.
An RSU is an award that covers a number of Shares that may be settled upon vesting in cash, by the issuance of the underlying Shares
or a combination of both. These awards are subject to forfeiture prior to vesting as a result of termination of employment or failure
to achieve certain vesting conditions.

Stock Appreciation Rights.
SARs provide for a payment, or payments, in cash or Shares, to the holder based upon the difference between the fair market value
of our common stock on the date of exercise and the stated exercise price up to a maximum amount of cash or number of Shares. These awards
are subject to forfeiture prior to vesting as a result of termination of employment or failure to achieve certain vesting conditions.

Performance Awards.
A performance award is an award that covers an amount of cash or a number of Shares that may be settled upon achievement of the pre-established
performance conditions in cash or by issuance of the underlying shares. These awards are subject to forfeiture prior to vesting as a result
of termination of employment or failure to achieve the performance conditions.

Other Awards and Dividend
Equivalents. The Committee is authorized to grant other stock-based awards to any employee, consultant or director. The number
or value of shares of Common Stock of any other stock-based award shall be determined by the Committee and may be based upon one or more
performance targets based on one or more performance measures or any other specific criteria, including service to the Company or any
affiliate, as determined by the Committee.

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Dividend equivalents may be
granted by the Committee based on dividends declared on shares of Common Stock, to be credited as of dividend payment dates with respect
to dividends with record dates that occur during the period between the date an Award is granted to a Participant and the date such Award