Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 55

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 55
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 be determined by dividing the amount of such payment or portion thereof
by the Fair Market Value on the Exercise Date. No fractional share of Common Stock shall be issued to make any payment in respect of Stock
Appreciation Rights; if any fractional share would be issuable, the combination of cash and Common Stock payable to the Participant shall
be adjusted as directed by the Committee to avoid the issuance of any fractional share.

6.3 Terms of Stock Options and Stock Appreciation Rights.

(a) Conditions on Exercise. An Award Agreement with respect to Options or Stock Appreciation Rights may contain such waiting periods, exercise
dates and restrictions on exercise (including, but not limited to, periodic installments) as may be determined by the Committee at the
time of grant.

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(b) Duration of Options and Stock Appreciation Rights. Options and Stock Appreciation Rights shall terminate upon the first to occur of the
following events:

(i) Expiration
of the Option or Stock Appreciation Right as provided in the Award Agreement;

(ii) Termination
of the Award on, or within a specified period after, a Participant's disability, retirement, death or other Termination of Service as
provided in the Award Agreement;

(iii) Ten years
from the Date of Grant;

(iv) In the case
of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing
more than ten percent (10%) of the voting power of all classes of stock of the Company or any of its Subsidiaries, five years from the
Date of Grant; or

(v) Solely in the
case of a Stock Appreciation Right granted in tandem with an Option, upon the expiration of the related Option.

(c) Acceleration or Extension of Exercise Time. The Committee, in its sole discretion, shall have the right (but shall not be obligated), exercisable
on or at any time after the Date of Grant, to permit the exercise of an Option or Stock Appreciation Right (i) prior to the time
such Option or Stock Appreciation Right would become exercisable under the terms of the Award Agreement, (ii) after the termination
of the Option or Stock Appreciation Right under the terms of the Award Agreement, or (iii) after the expiration of the Option or
Stock Appreciation Right; provided, however, that in no event shall the period to exercise an Option or Stock Appreciation Rights be extended
beyond the ten