Company: SUNE
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0001213900-25-037633
Chunk: 18

Company: SUNation Energy, Inc.
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 18
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 (3) solicit any actual or prospective customers with whom he had material contact on behalf of a competing business. 2022 Equity Incentive Plan and Award Agreements Under the 2022 Equity Incentive Plan and related award agreements:

| ● | if a participant is terminated for cause or upon conduct                                                                                
 that would constitute cause during any post-termination exercise period, all unexercised option awards and all unvested portions of any 
 other outstanding awards will be immediately forfeited without consideration;                                                           |

| ● | if a participant’s service is terminated due to his                                                                                     
 or her death or disability, (i) all unvested restricted stock units shall vest as of the termination date, (ii) unvested performance    
 stock units will vest on a pro rata basis, based on the actual performance in the case of disability and the target performance in the  
 case of death; and (iii) the currently vested and exercisable portions of option awards may be exercised for a period of one year after 
 the date of such termination; and                                                                                                       |

12 The 2022 Equity Incentive Plan and related award agreements provide that if either of the following occurs: (1) there is a change in control of our company that involves a corporate transaction, the outstanding awards are continued, assumed or replaced by the surviving or successor entity, and within 24 months after the corporate transaction a participant’s employment or other service is involuntarily terminated without cause, or (2) there is a change in control of our company that does not involve a corporate transaction and within 24 months after the change in control a participant’s employment or other service is involuntarily terminated without cause, then (i) each of the participant’s outstanding options will become fully vested and exercisable and will remain exercisable for one year, and (ii) each of the participant’s unvested full value awards will fully vest. To the extent vesting of any award continued, assumed or replaced is subject to satisfaction of specified performance goals, the number of units that would vest will be equal to (A) if the accelerated vesting event occurs before the last day of the performance period, the target number of units, prorated based on the period of time during the performance period prior to the termination, or (B) if the accelerated vesting event occurs on or after the last day of the performance period, the number of units will be determined based on the actual level of achievement of the performance goals. The 2022