Company: NDRA
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001654954-25-012254
Chunk: 50

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 50
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 made as performance incentives to reward attainment of performance goals in accordance with the terms hereof.

Administration

The Board will have such powers and authorities related to the administration of the 2016 Plan as are consistent with the Company’s certificate of incorporation and bylaws and applicable law. The Board will have the power and authority to delegate its responsibilities under the 2016 Plan to the Compensation Committee, which will have full authority to act in accordance with its charter, and with respect to the power and authority of the Board to act under the 2016 Plan, all references to the Board will be deemed to include a reference to the Compensation Committee, unless such power or authority is specifically reserved by the Board. Except as specifically provided in the 2016 Plan or as otherwise may be required by applicable law, the Board will have full power and authority to take all actions and to make all determinations required or provided for under the 2016 Plan, any award or any award agreement, and will have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the 2016 Plan that the Board deems to be necessary or appropriate to the administration of the 2016 Plan. The Compensation Committee will administer the 2016 Plan. The Board will retain the right to exercise the authority of the Compensation Committee to the extent consistent with applicable law and the applicable requirements of any securities exchange on which the common stock may then be listed. All actions, determinations and decisions by the Board or the Compensation Committee under the 2016 Plan or any award agreement, or with respect to any award, will be in the sole discretion of the Board and will be final, binding and conclusive on all persons. Without limitation, the Board will have full and final power and authority, subject to the other terms and conditions of the 2016 Plan, to: (i) designate grantees; (ii) determine the type or types of awards to be made to grantees; (iii) determine the number of shares to be subject to an award; (iv) establish the terms and conditions of each award (including the option price of any option, the nature and duration of any restriction or condition (or provision for lapse thereof) relating to the vesting, exercise, transfer, or forfeiture of an award or the shares subject thereto and any terms or conditions that may be necessary to qualify options as ISOs); (v) prescribe the form of each award agreement; and (vi)