Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 173

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 173
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. Goncalves, which set forth the terms and conditions of employment for each such executive, including base salary, their initial Fold RSU Awards and eligibility to participate in our employee benefit plans. Such offer letters do not provide for severance. 104 FOLD’S DIRECTOR COMPENSATION Fold has not historically maintained a formal non-employee director compensation program, and none of Fold’s non-employee directors received compensation from Fold for their service on the board of directors in 2024. In connection with the Business Combination, we approved a compensation program for our non-employee directors (the “Director Compensation Program”), which became effective as of the closing of the Business Combination. The material terms of the Director Compensation Program are summarized below. Cash Compensation Under the Director Compensation Program, non-employee directors serving on the Board are entitled to cash compensation in the following amounts:

| ● | Annual Retainer: $40,000 |

| ● | Additional Annual Retainer for Non-Executive Chair: $50,000 |

| ● | Additional Annual Retainer for Lead Independent Director: $25,000 |

| ● | Annual Committee Chair Retainers: |

| ● | Audit Committee: $20,000 |

| ● | Compensation Committee: $15,000 |

| ● | Nominating and Corporate Governance Committee: $10,000 |

| ● | Annual Non-Chair Committee Member Retainers: |

| ● | Audit Committee: $10,000 |

| ● | Compensation Committee: $7,500 |

| ● | Nominating and Corporate Governance Committee: $5,000 |

Annual cash retainers will be paid in quarterly installments in arrears and will be pro-rated for any partial calendar quarter of service. Equity Compensation Under the Director Compensation Program, each non-employee director who is serving on the Board as of the date of each annual meeting of the Company’s stockholders will be granted, on such annual meeting date, an award of restricted stock units with a grant-date value of approximately $125,000 (each an “Annual Award”), which will vest in full on the earlier to occur of (i) the one-year anniversary of the applicable grant date and (ii) the day before the date of the next annual meeting following the grant date, subject to the director’s continued service on the Board through the applicable vesting date. Each non-employee director who is initially elected or appointed after the closing of the Business Combination, other than on the date of an annual meeting, will receive a pro-rated Annual Award. In