Company: IXHL
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001213900-25-036057
Chunk: 43

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 43
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 of the Company. However, the Committee may not delegate its authority and powers with respect to any Awards that are granted to the Company’s executive officers or directors who are subject to Section 16(b) of the Securities Exchange Act. All interpretations, determinations and decisions made by the Committee, the board of directors, and any delegate of the Committee will be final and binding on all persons and will be given the maximum possible deference permitted by law. Limitation on Awards and Shares Available.The maximum number of shares originally available for issuance under the current 2023 Plan was 5,000,000 shares. If this Proposal 3 is approved by our stockholders, the Amended 2023 Plan will provide for the issuance of up to 2,700,000 additional shares (to a total of 7,700,000shares, of which awards with respect to 2,449,452shares have previously been granted under the 2023 Plan) plus the shares added to the Amended 2023 Plan pursuant to the Evergreen Provision (in the aggregate, the “Share Reserve”). In no event shall the maximum aggregate number of shares that may be issued under the Amended 2023 Plan pursuant to incentive stock options exceed 300,000,000shares. In no event shall fractional shares be issued under the Amended 2023 Plan. The maximum number of shares that may be granted under the Amended 2023 Plan during any single fiscal year to a non -employeedirector, when taken together with any cash fees paid to such non -employeedirector during such year in respect of his or her service as a non -employeedirector (including service as a member or chair of any committee of the board of directors), shall not exceed US$750,000 in total value (calculating the value of any such Awards based on the grant date fair value of such Awards for financial reporting purposes). In the event there is a specified type of change in our capital structure, such as a stock split, reverse stock split, or recapitalization, appropriate adjustments will be made to (i) the class and maximum number of shares reserved for issuance under the Amended 2023 Plan and (ii) the class and maximum number of Shares that may be issued on the exercise of incentive stock options (“ISOs”). Awards.The Amended 2023 Plan permits the Company to grant various types of discretionary equity compensation awards under the Amended 2023 Plan (the “Awards”), including: •ISOs;