Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 105

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 105
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 the Corporation, on a pre-tax basis and net of any exercise price paid to the Corporation, the value of all such Shares, cash or other property so received (in the case of Shares, based on their Fair Market Value at the time of receipt, and in the case of other property, based on its value as determined by the Committee). Any determination by the Committee as to whether a Participant engaged in Detrimental Activity, the date on which any such activity first occurred and the value of any property (other than Shares or cash) received by the Participant under an Award that has been cancelled, rescinded or otherwise limited or restricted pursuant to this paragraph shall be final, binding and conclusive.

#### SECTION 4: ELIGIBILITY
Awards may be granted under this Plan to Eligible Individuals; provided, however, that Incentive Stock Options may be granted only to employees of the Corporation and its "subsidiary corporations" (as defined under Section 424(f) of the Code).

SECTION 5: STOCK APPRECIATION RIGHTS AND STOCK OPTIONS

a. Nature of Stock Appreciation Rights. Upon the exercise of a Stock Appreciation Right, the Participant shall be entitled to receive an amount in cash, or Shares with a Fair Market Value, equal to the product of (i) the excess of the Fair Market Value of one Share over the exercise price per Share of the applicable Stock Appreciation Right, multiplied by (ii) the number of Shares in respect of which the Stock Appreciation Right has been exercised. The applicable Award Agreement shall specify whether such settlement is to be made in cash or Common Stock or shall reserve to the Committee or the Participant the right to make that determination prior to or upon the exercise of the Stock Appreciation Right.

b. Nature and Types of Stock Options. Upon the exercise of a Stock Option, the Participant shall be entitled to purchase the number of shares in respect of which the Stock Option has been exercised at a price per share equal to the exercise price per Share of the Stock Option. Stock Options may be granted in the form of Incentive Stock Options or

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Nonqualified Stock Options. The Award Agreement for a Stock Option shall indicate whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option.

c. Exercise Price. The exercise price per Share subject to a Stock Appreciation Right or Stock Option shall be determined by the Committee and set forth in the applicable Award Agreement and shall not be less than the Fair