Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 61

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 61
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 a proportionate number of shares issuable upon settlement of the Restricted Stock
Units constituting an Award) as the Committee shall deem appropriate.

(d) Deferral of Payment. If approved by the Committee and set forth in the applicable Award Agreement, a Participant may elect to defer the
amount payable with respect to the Participant's Restricted Stock Units in accordance with such terms as may be established by the Committee.

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7.4 Change in Control. Unless otherwise provided by the Committee in the applicable Award Agreement, in the event of a Change in Control,
all restrictions applicable to Restricted Shares and Restricted Stock Unit Awards shall terminate fully and the Participant shall immediately
have the right to the delivery in accordance with Section 7.2(d) of a share certificate or certificates evidencing a number of shares
of Common Stock equal to the full number of shares subject to each such Award (in the case of Restricted Stock) or payment in accordance
with Section 7.3(a) of a number of shares of Common Stock determined by the Committee, in its discretion, but, in the case of a performance-based
or other contingent Award, in no event less than the number of shares payable at the "target" level for each such Award (in
the case of Restricted Stock Units). The provisions of this Section 7.4 shall not be applicable to any Restricted Share or Restricted
Stock Unit Award granted to a Participant if any Change in Control results from such Participant's beneficial ownership (within the meaning
of Rule 13d-3 under the Exchange Act) of Common Stock or Company Voting Securities.

<div align='center'>ARTICLE VIII

PERFORMANCE AWARDS</div>

8.1 Performance Awards.

(a) Award Periods and Calculations of Potential Incentive Amounts. The Committee may grant Performance Awards to Participants. A Performance
Award shall consist of the right to receive a payment (measured by the Fair Market Value of a specified number of shares of Common Stock,
increases in such Fair Market Value during the Award Period and/or a fixed cash amount) contingent upon the extent to which certain predetermined
performance targets have been met during an Award Period. The Committee, in its discretion and under such terms as it deems appropriate,
may permit newly eligible Participants, such as those who are promoted or newly hired, to receive Performance Awards after an Award Period
has commenced.

(b) Performance Targets. Subject to Section 10.18, the performance targets applicable to a Performance Award may include such goals related
to