Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 393

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 393
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 awards under the Incentive Plan) (the value of which will be based on their grant date fair value) and be provided any cash retainers or fees that in the aggregate exceed $ , provided that in the Post-Closing Company’s fiscal year of the individual’s initial service as a non-employee director, such amount is increased to $ . For the purposes of this maximum limit provision, the grant date fair values of awards granted under the Incentive Plan will be determined in accordance with GAAP. Any awards or other compensation provided to an individual for his or her services as an employee or a consultant (other than an outside director), or before the Closing, will not count toward this limit. This maximum limit provision does not reflect the intended size of any potential grants or a commitment to make grants to the outside directors under the Incentive Plan in the future.

Non-Transferability of Awards

Unless the administrator provides otherwise, the Incentive Plan generally will not allow for the transfer of awards other than by will or the laws of descent and distribution, and only the recipient of an award may exercise an award during his or her lifetime. If the administrator makes an award transferable, such award will contain such additional terms and conditions as the administrator deems appropriate.

Tax Withholding

The administrator will determine the methods of payment of any tax withholding obligations with respect to awards, which may include (1) cash, check, or other cash equivalents, (2) withholding of otherwise deliverable cash or shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the administrator may determine, (3) delivering already-owned shares of the Post-Closing Company Class A common stock having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the administrator may determine, (4) selling a sufficient number of otherwise deliverable shares equal to the amount required to be withheld or such greater amount as the administrator may determine, as well as (5) other types of consideration permitted by applicable law, or a combination thereof, and in each case of (2), (3) and (4) provided any such greater amount with respect to shares does not result in adverse accounting consequences as determined by the administrator.

Dissolution or Liquidation

If there is a proposed liquidation or dissolution of the Post-Closing Company, the administrator will notify participants as soon as practicable before the effective date of such proposed transaction. Unless provided otherwise by the administrator, all awards, to the