Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 293

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 293
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when the participant receives payment with respect to an award, the amount of cash and/or the fair market value of any shares or other
property received over the amount, if any, paid for those shares or other property will be ordinary income to the participant, and FutureTech
(or, if applicable, the participant’s affiliate employer) generally will be entitled to a tax deduction at the same time and in
the same amount.

Section 409A of the Code.Certain types of awards under the Equity Incentive Plan may constitute, or provide for, a deferral of compensation subject
to Section 409A of the Code. Unless certain requirements set forth in Section 409A of the Code are complied with, holders of such awards
may be taxed earlier than would otherwise be the case (e.g., at the time of vesting instead of the time of payment) and may be
subject to an additional 20% penalty tax (and, potentially, certain interest penalties and additional state taxes). To the extent applicable,
the Equity Incentive Plan and awards granted under the plan are intended to be structured and interpreted in a manner intended to either
comply with or be exempt from Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance that
may be issued under Section 409A of the Code. To the extent determined necessary and appropriate by the Committee, the Equity Incentive
Plan and applicable award agreements may be amended to further comply with Section 409A of the Code or to exempt the applicable awards
from Section 409A of the Code.

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Compensation of Covered Employees. The ability of FutureTech (or, if applicable, a participant’s affiliate employer) to obtain a deduction
for amounts paid under the Equity Incentive Plan could be limited by Section 162(m) of the Code. Section 162(m) of the Code limits FutureTech’s
ability to deduct compensation, for federal income tax purposes, paid during any year to a “covered employee” (within the
meaning of Section 162(m) of the Code) in excess of $1,000,000.

Golden Parachute Payments. The ability of FutureTech (or, if applicable, a participant’s affiliate employer) to obtain a deduction for future
payments under the Equity Incentive Plan could also be limited by the golden parachute rules of Section 280G of the Code, which prevent
the deductibility of certain “excess parachute payments” made in connection with