Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 50

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 50
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 the same may
be amended from time to time, and any successor rule.

2.31 Stock Appreciation Rights means awards granted in accordance with Article VI.

2.32 Subsidiary
means a subsidiary of the Company within the meaning of Section 424(f) of the Code.

2.33 Termination of Service means the voluntary or involuntary termination of a Participant's service as an employee, director or consultant with the
Company or a Subsidiary for any reason, including death, disability, retirement or as the result of the divestiture of the Participant's
employer or any similar transaction in which the Participant's employer ceases to be the Company or one of its Subsidiaries. Whether entering
military or other government service shall constitute Termination of Service, or whether and when a Termination of Service shall occur
as a result of disability, shall be determined in each case by the Committee in its sole discretion.

<div align='center'>ARTICLE III

ADMINISTRATION</div>

3.1 Committee.

(a) Duties and Authority. The Plan shall be administered by the Committee and the Committee shall have exclusive and final authority in each
determination, interpretation or other action affecting the Plan and its Participants. The Committee shall have the sole discretionary
authority to interpret the Plan, to establish and modify administrative rules for the Plan, to impose such conditions and restrictions
on Awards as it determines appropriate, and to make all factual determinations with respect to and take such steps in connection with
the Plan and Awards granted hereunder as it may deem necessary or advisable. The Committee shall not, however, have or exercise any discretion
that would disqualify amounts payable under Article X as performance-based compensation for purposes of Section 162(m) of
the Code. The Committee may delegate such of its powers and authority under the Plan as it deems appropriate to a subcommittee of the
Committee or designated officers or employees of the Company. In addition, the full Board may exercise any of the powers and authority
of the Committee under the Plan. In the event of such delegation of authority or exercise of authority by the Board, references in the
Plan to the Committee shall be deemed to refer, as appropriate, to the delegate of the Committee or the Board. Actions taken by
the Committee or any subcommittee thereof, and any delegation by the Committee to designated officers or employees, under this Section 3.1
shall comply with Section 16(b) of the Exchange Act, the performance-based