Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 62

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 62
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 the performance of the Company or, where relevant, any one or more of its Subsidiaries or divisions and/or the performance of a Participant
in each case as may be established by the Committee in its discretion. In the case of Performance Awards to "covered employees"
(as defined in Section 162(m) of the Code), the targets will be limited to specified levels of one or more of the Performance Goals.
The performance targets established by the Committee may vary for different Award Periods and need not be the same for each Participant
receiving a Performance Award in an Award Period.

(c) Earning Performance Awards. A Participant's Performance Award shall be determined based on the attainment of written Performance Goals approved
by the Committee for a performance period established by the Committee (i) while the outcome for that performance period is substantially
uncertain and (ii) no more than 90 days after the commencement of the performance period to which the performance goal relates
or, if less, the number of days which is equal to 25 percent of the relevant performance period.

(d) Payment of Earned Performance Awards. Subject to the requirements of Section 10.5, payments of earned Performance Awards shall be
made in cash or Common Stock, or a combination of cash and Common Stock, in the discretion of the Committee. The Committee, in its sole
discretion, may define, and set forth in the applicable Award Agreement, such terms and conditions with respect to the payment of earned
Performance Awards as it may deem desirable. The Committee shall determine whether, with respect to a performance period, the applicable
Performance Goals have been met with respect to a given Participant and, if they have, shall so certify and ascertain the amount of the
applicable Performance Award. No Performance Awards will be paid for such performance period until such certification is made by the Committee.
The amount of the Performance Award determined by the Committee for a performance period shall be paid to the Participant at such time
as determined by the Committee in its sole discretion after the end of such performance period; provided, however, that a Participant
may, if and to the extent permitted by the Committee and consistent with the provisions of Section 409A of the Code, elect to defer
payment of a Performance Award.

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8.2 Termination of Service. In the event of a Participant's Termination of Service during an Award Period, the Participant's Performance Awards
shall be forfeited except as may otherwise be provided in the applicable Award Agreement.

8.