Company: ALCE
Filing Date: 2025-02-07
Form Type: PRE 14C
Source: 0001213900-25-011375
Chunk: 14

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-02-07
Form: PRE 14C
Chunk 14
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 retaining highly qualified technical and other key personnel who are in great demand, as well as rewarding and providing incentives to the Company’s current employees, directors and consultants. Our Board believes that the increase in the number of common shares available for issuance under the 2023 Plan is necessary in order to continue to offer stock -basedcompensation programs that will allow the Company to carry out the purposes of the 2023 Plan, including attracting and retaining employees and others who are critical to the growth and success of the Company. Description of the 2023 Plan The material features of the 2023 Plan are outlined below. This summary is qualified in its entirety by reference to the complete text of the 2023 Plan. On October 9, 2022, our board of directors approved and adopted the 2023 Plan. On December 4, 2023, the 2023 Plan was approved by our stockholders, which was further amended on September 26, 2024, at the virtual annual meeting of shareholders (the “ Annual Meeting”) of the Company and was further amended by the 2023 Plan Amendment on February [*], 2025 by the Majority Stockholders. Summary of the 2023 Plan (as amended and restated) The following is a brief summary of the principal provisions of the 2023 Plan, and is qualified in its entirety by reference to the full text of the 2023 Plan. Purpose of the 2023 Plan The purpose of the 2023 Plan is to secure and retain the services of employees, directors and consultants, to provide incentives for such persons to exert maximum efforts for our success and to provide a means by which such persons may be given an opportunity to benefit from increases in value of the common stock through the granting of awards 7 thereunder. We believe that the equity -basedawards to be issued under the 2023 Plan will motivate award recipients to offer their maximum effort to the Company and help focus them on the creation of long -termvalue consistent with the interests of our stockholders. The Company believes that grants of incentive awards are necessary to enable the Company to attract and retain top talent. Principal Features Eligibility.The Company’s employees, consultants and directors, and employees and consultants of its affiliates, may be eligible to receive awards under the 2023 Plan. Award Types.The 2023 Plan provides for the grant of incentive stock options (“ISOs”) to employees and for the grant of non -statutorystock options (“NSOs”), stock appreciation rights,