Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 108

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 108
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, vesting schedule, acceleration of vesting and the other matters necessary in the administration
of this plan. Eligible Israeli employees, officers and directors, would qualify for provisions of Section 102(b)(2) of the Israeli Income
Tax Ordinance of 1961 (New Version), or the Tax Ordinance. Pursuant to such Section 102(b)(2), qualifying options and shares issued upon
exercise of such options are held in trust and registered in the name of a trustee selected by the board of directors. The trustee may
not release these options or shares to the holders thereof for two years from the date of the registration of the options in the name
of the trustee. Under Section 102, any tax payable by an employee from the grant or exercise of the options is deferred until the transfer
of the options or ordinary shares by the trustee to the employee or upon the sale of the options or ordinary shares, and gains may qualify
to be taxed as capital gains at a rate equal to 25%, subject to compliance with specified conditions. Our Israeli non-employee service
providers and controlling shareholders may only be granted options under Section 3(9) of the Tax Ordinance, which does not provide for
similar tax benefits. The Global Equity Plan also permits granting options to Israeli grantees who do not qualify under Section 102(b)(2).

As a default, our Global Incentive
Plan provides that upon termination of employment for any reason, other than in the event of death, retirement, disability or cause, all
unvested options will expire and all vested options will generally be exercisable for 90 days following such termination, subject to the
terms of the Global Incentive Plan and the governing option agreement. Notwithstanding the foregoing, in the event the employment is terminated
for cause (including, inter alia, due to dishonesty toward the Company or its affiliate, substantial malfeasance or nonfeasance of duty,
unauthorized disclosure of confidential information, and conduct substantially prejudicial to the business of the Company or affiliate;
or any substantial breach by the optionee of his or her employment or service agreement) all options granted to such employee, whether
vested or unvested, will not be exercisable and will terminate on the date of the termination of his employment.

Upon termination of employment
due to death or disability, all the options vested at the time of termination and within 60 days after the date of such termination, will
generally be exercisable for