Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 45

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 45
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 Company. The Plan shall remain in effect until terminated by action of the Board; provided, however, that no Awards may be granted
hereunder after the tenth anniversary of its initial effective date.

<div align='center'>ARTICLE II

DEFINITIONS</div>

For the purpose of the
Plan, capitalized terms shall have the following meanings:

2.1 Award
means any one or a combination of Non-Qualified Stock Options or Incentive Stock Options described in Article VI, Stock Appreciation
Rights described in Article VI, Restricted Shares and Restricted Stock Units described in Article VII, Performance Awards described
in Article VIII, other stock-based Awards described in Article IX, or any other Award made under the terms of the Plan.

2.2 Award Agreement
means a written agreement between the Company and a Participant or a written acknowledgment from the Company to a Participant specifically
setting forth the terms and conditions of an Award granted under the Plan.

2.3 Assumed
means that pursuant to a Merger either (i) the Award is expressly affirmed by the Company, (ii) the contractual obligations represented
by the Award are expressly assumed (and not simply by operation of law) by the successor entity or its parent in connection with the Merger
with appropriate adjustments to the number and type of securities of the successor entity or its parent subject to the Award and the exercise
or purchase price thereof which at least preserves the compensation element of the Award existing at the time of the Merger as determined
in accordance with the instruments evidencing the agreement to assume the Award, or (iii) the Award is otherwise to continue in effect
following the Merger.

2.4 Award Period
means, with respect to an Award, the period of time, if any, set forth in the Award Agreement during which specified target performance
goals must be achieved or other conditions set forth in the Award Agreement must be satisfied.

2.5 Beneficiary
means an individual, trust or estate who or which, by a written designation of the Participant filed with the Company, or if no such written
designation is filed, by operation of law, succeeds to the rights and obligations of the Participant under the Plan and the Award Agreement
upon the Participant's death.

2.6 Board
means the Board of Directors of the Company.

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2.7 Change in Control means the occurrence of subparagraph (a), (b), (c), or (d) below or any combination of said event(s). Notwithstanding the
foregoing