Company: IXHL
Filing Date: 2025-10-27
Form Type: DEF 14A
Source: 0001213900-25-102654
Chunk: 32

Company: Incannex Healthcare Inc.
Filing Date: 2025-10-27
Form: DEF 14A
Chunk 32
---
 shares that remain forfeitable                                     
 unless and until specified conditions are met, and which may be subject to a purchase price. RSUs are contractual promises to pay cash        
 or deliver shares in the future, which may also remain forfeitable unless and until specified conditions are met. Delivery of the shares      
 underlying RSUs may be deferred under the terms of the Award or at the election of the participant, if the Committee permits such a deferral. |

| ● | Stock bonuses. A stock bonus is the issuance of shares to a participant. The shares issued pursuant     
 to a stock bonus typically are unrestricted, meaning that they are not subject to vesting requirements. |

| ● | Performance awards. Performance awards include any of the foregoing Awards that are granted subject                                       
 to vesting and/or payment based on the attainment of specified performance goals or other criteria the Committee may determine, which     
 may or may not be objectively determinable. Such performance goals may be based solely by reference to our performance or the performance 
 of a subsidiary, division, business segment or business unit, or based upon performance relative to performance of other companies or     
 upon comparisons of any of the indicators of performance relative to performance of other companies.                                      |

Vesting.The Committee may determine the time and conditions under which the Award will vest and may specify partial vesting in one or more vesting tranches, which may be based solely upon continued employment or service for a specified period of time or may be based upon the achievement of specific performance goals established by the Committee in its discretion.

| ● | For all purposes of the 2023 Plan, “vesting” of an Award shall mean: |

| ● | For an ISO, NSO, or SAR, the time at which the participant has the right to exercise the Award. |

| ● | For restricted stock or RSUs, the time at which all conditions for vesting, as stated in the applicable award agreement or the 2023 
 Plan, are satisfied.                                                                                                                |

| ● | For performance shares, the time at which the participant has satisfied the requirements to receive payment on such performance shares, 
 as stated in the applicable award agreement or the 2023 Plan.                                                                           |

Certain transactions; Adjustments.In the event of (i) any dividend (other than ordinary cash dividends) or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, amalgamation, consolidation, spin-off, split-up,