Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 262

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 262
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 will be designed to:

    ●
    attract, retain and motivate senior management leaders who are capable
of advancing RWT’s mission and strategy and, ultimately, creating and maintaining its long-term equity value. Such leaders must
engage in a collaborative approach and possess the ability to execute its business strategy in an industry characterized by competitiveness
and growth;

    ●
    reward senior management in a manner aligned with Holdco’s financial performance; and

    ●
    align senior management’s interests with Holdco’s equity owners’ long-term interests through equity participation and ownership.

We anticipate that compensation
for our executive officers will have the following components: base salary, cash bonus opportunities, equity compensation, employee benefits,
and severance protections. Base salaries, employee benefits, and severance protections will be designed to attract and retain senior management
talent. We will also use annual cash bonuses and equity awards to promote performance-based pay that aligns the interests of our named
executive officers with the long-term interests of our stockholders and enhances executive retention.

59

Other Compensation and Benefits

Holdco expects to offer various employee benefit plans to employees,
including its named executive officers, including certain insurance benefits, as well as the 401(k) profit sharing plan. We may also provide
our named executive officers with perquisites and personal benefits that are not generally available to all employees.

Director Compensation

Effective as of April 4, 2025, the Board adopted
a form of Director Agreement to govern the terms of service and compensation of the Company’s non-employee directors (the “Director
Agreement”). Under the Director Agreement, members of the Board will receive compensation for service on the Board and on committees
of the Board consisting of the following: (i) subject to approval by the Board and compensation committee of the Board, a cash payment
of $12,500 promptly following attendance at each quarterly Board meeting, for a total annual cash compensation of $50,000; and (ii) at
the beginning of each year of service, and subject to approval by the Board and the compensation committee of the Board, a grant of restricted
stock, with the number of shares determined by dividing $100,000 by the closing price of the Company’s Class A Common Stock as reported
on the Nasdaq Stock Market LLC on the date of the grant. The restricted stock granted pursuant to the Director Agreement will vest in
full on the first anniversary of the grant date, subject to acceleration in accordance with the terms of the restricted stock