Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 32

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 32
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 that would be treated under accounting rules as a “repricing.”

Available Shares and Limitations on Awards . Currently, a maximum of 3,717,774 shares of our common stock may be the subject of awards and issued under the 2024 Plan. The proposed amendment would increase the number of shares available for issuance under the 2024 Plan by an additional 2,250,000 shares.

The shares of common stock issuable under the 2024 Plan may come from authorized and unissued shares or treasury shares. The share limitations under the 2024 Plan are subject to adjustment for changes in our corporate structure or shares, as described below. Full value awards, options, and SARs granted under the 2024 Plan will count as one share against the 2024 Plan’s authorized share reserve.

In addition, any shares subject to an award under the 2024 Plan or the 2018 Plan that subsequently terminates by expiration, forfeiture, cancellation or otherwise without the issuance of common shares (or with the forfeiture of common shares in connection with a restricted stock award ("RSA")), is settled in cash in lieu of common shares, or is exchanged with the Committee’s permission, prior to the issuance of common shares, for an award not involving common shares, shall become available for grant under the 2024 Plan. Further, the following shares shall become available for grant under the 2024 Plan: (i) any common shares that are withheld by the Company or tendered by a participant (by either actual delivery or attestation) on or after the effective date of the 2024 Plan to pay the exercise price of a stock option granted under the 2024 Plan or the 2018 Plan, or to satisfy tax withholding obligations associated with an award granted under the 204 Plan or the 2018 Plan, (ii) any common shares that were subject to a stock-settled SAR granted under the 2024 Plan or the 2018 Plan that were not issued upon the exercise of such SAR on or after the effective date of the 2024 Plan, and (iii) any common shares that were purchased by the Company on the open market on or after the effective date of the 2024 Plan with the proceeds from the exercise of a stock option granted under the 2024 Plan or the 2018 Plan.

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Awards granted or shares issued under the 2024 Plan upon the assumption of, or in substitution or exchange for, outstanding equity awards previously