Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 70

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 70
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 to the Awards may be authorized, but unissued, or reacquired Shares. As of the date shareholders initially approve the Plan, the Company shall cease granting awards under the Prior Plan; however, awards granted under the Prior Plan shall remain subject to the terms of the Prior Plan. (b) Maximum Awards to Directors . Notwithstanding anything to the contrary in this Plan, the value of all Awards awarded under this Plan and all other cash compensation paid by the Company to any Director in any calendar year shall not exceed $500,000. For the purpose of this limitation, the value of any Award shall be its grant date fair value, as determined in accordance with ASC 718 or successor provision but excluding the impact of estimated forfeitures related to service-based vesting provisions. 4. Administration of the Plan . (a) Authority of the Committee . The Plan shall be administered by the Committee except to the extent the Board elects to administer the Plan, in which case references herein to the “Committee” shall be deemed to include references to the “Board.” Subject to the express provisions of the Plan, Rule 16b-3 and other laws that may be or become Applicable Laws, the Committee shall have the authority, in its sole and absolute discretion: A-5 (i) to select the Employees, Directors and Consultants to whom Awards may be granted; (ii) to determine whether, when and to what extent Awards are granted; (iii) to determine the number of Shares or the amount of cash or other consideration to be covered by each Award; (iv) to approve forms of Award Agreements; (v) to determine the terms and conditions of any Award, including the vesting schedule, forfeiture provisions, payment contingencies, purchase price and any Performance Goal, and whether to waive or accelerate any such terms and conditions, which terms and conditions may differ among individual Awards and grantees, and to approve forms of Award Agreements; (vi) to determine whether and when an Award vests and Performance Goals are achieved; (vii) to adjust Performance Goals or performance results to take into account changes in law, accounting or tax rules, or transactions or other extraordinary, unforeseeable, nonrecurring or infrequently occurring events or circumstances as the Committee deems necessary or appropriate to avoid windfalls or hardships; (viii) to accelerate at any time the exercisability or vesting of all or any portion of any Award in circumstances involving a Participant’s death or Disability; (ix) to amend the terms