Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 15

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 15
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 the prior four years. In addition, none of our executive officers currently serves, nor has any served in the past
fiscal year, as a member of any entity’s board of directors or compensation committee, with one or more executive officers serving
on our board of directors or compensation committee.

Compensation Discussion and Analysis

The Compensation Committee
of the Corporation’s Board of Directors reviews AppTech's annual program for compensating its executive officers.

The Committee has established
a policy that neither the profitability of AppTech nor the market value of its stock is to be considered in the compensation of any executive
officer under the Committee’s compensation policy. AppTech does grant stock options to executive officers. The Committee has delegated
to Mr. DeRosa the responsibility for setting the officers’ compensation.

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Factors Mr. DeRosa considers
when setting the compensation for the officers are typically subjective, such as his perception of each officer's performance and any
changes in their functional responsibilities. Prior to the appointment of the Compensation Committee in 2020, Mr. D’Angelo set the
compensation for each AppTech employee’s payroll and bonuses. The Compensation Committee uses the same general criteria as had been
used by Mr. D’Angelo. Various incentive arrangements are employed, with their terms contingent upon factors such as the business’s
economic potential or capital intensity. The incentives can be large and are always tied to the operating results for which the CEO has
authority and are related to measures over which the CEO has control.

Risk Oversight

The Board oversees the management
of risks inherent in our business operations and the implementation of our business strategies. The Board fulfills this oversight role
by employing multiple levels of review. In connection with its reviews of the operations and corporate functions of our Company, the Board
addresses the primary risks associated with those operations and corporate functions. In addition, the Board reviews the risks associated
with our Company’s business strategies periodically throughout the year as part of its consideration of undertaking any such business
strategies.

Each of our Board committees
will also oversee the management of our Company’s risk, which falls within the committee’s areas of responsibility. In performing
this function, each committee will have full access to management and the ability to engage advisors. Our Chief Financial Officer, Corporate
Secretary, and other members of management will report to the audit committee regarding risk management. Our Chief Financial Officer,
Chief Operating Officer, and Corporate Secretary are responsible for identifying, evaluating, and implementing risk management controls