Company: OLP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001140361-25-013961
Chunk: 60

Company: ONE LIBERTY PROPERTIES INC
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 60
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 and held by the Participant holding such Dividend Equivalent Right during the period beginning with the grant date (or if otherwise determined by the Committee, the beginning of the Performance Cycle) of the Award to which the Dividend Equivalent Right relates through the vesting date of such award (or if otherwise determined by the Committee, the conclusion of such Performance Cycle). “ Exercise Price” means the price at which a Share may be purchased by a Participant pursuant to the exercise of an Option. “ Fair Market Value” means, as of any given date: (i) the closing sales price of the Shares on any national securities exchange on which the Shares are listed; (ii) the closing sales price if the Shares are listed on the OTCBB or other over the counter market; or (iii) if there is no regular public trading market for such Shares, the fair market value of the Shares as determined by the Committee. “ Grant Date” means, with respect to an Award, the effective date that such Award is granted to a Participant. “ Incentive Stock Option” means an Option to purchase Shares which is designated as an Incentive Stock Option and is intended to meet the requirements of Section 422 of the Code. “ Incumbent Board” has the meaning ascribed to such term under the definition of Change in Control. “ Non-management director” means a director who, in the applicable calendar year, was not compensated, directly or indirectly, by the Company, any Subsidiary or any of their Affiliates, other than compensation for service as a director or as a member of any committee of the Board. “ Non-qualified Stock Option” means an Option to purchase Shares which is not an Incentive Stock Option. A-2 TABLE OF CONTENTS “ Option” means an Incentive Stock Option or a Nonqualified Stock Option. “ Participant” means an officer, employee, director or consultant of the Company or any of its Subsidiaries. “ Performance-Based Award” means an Award granted pursuant to Section 8 of the Plan. “ Performance Criteria” shall mean any, a combination of, or all of the following: (i) pre-tax income, (ii) after-tax income, (iii) net income (meaning net income as reflected in the Company’s financial reports for the applicable period), (iv) operating income (including net operating income), (v) cash flow, cash flow from operations, free cash flow and any one or more of the foregoing, (vi) return on any one or