Company: KAVL
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001731122-25-001359
Chunk: 25

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 25
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 to oversee and advise the Board on the adoption of policies that govern our compensation
programs, including stock and benefit plans.

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The Compensation Committee is responsible for determining
executive compensation, including approving recommendations regarding equity awards for all of our executive officers, setting base salary
amounts, and fixing compensation levels. This includes reviewing and making recommendations to our Board regarding corporate goals and
objectives relevant to Chief Executive Officer compensation, evaluating, at least annually, the Chief Executive Officer’s performance
in light of these goals and objectives, and reviewing and making recommendations to our Board regarding the Chief Executive Officer’s
compensation level based on such evaluation.

The Compensation Committee also annually reviews director
compensation to ensure non-employee directors are adequately compensated for the time expended in fulfilling their duties to us, as well
as the skill-level required by us of members of our Board. After the Compensation Committee completes their annual review, they make recommendations
to our Board regarding director compensation. The Compensation Committee is authorized to engage compensation consultants, if they deem
necessary, to assist with the Compensation Committee’s responsibilities related to our executive compensation program and the director
compensation program.

Governance and Nominating Committee.
The Governance and Nominating Committee currently consists of Ashesh Modi (Chair), David Worner and Ketankumar Patel. The Governance and
Nominating Committee did not meet as such during fiscal 2024. The Governance and Nominating Committee acts pursuant to a written charter
adopted by our Board. Changes to this charter from time to time will be posted on our website at such address.

The purpose of the Governance and Nominating Committee
is to determine the slate of director nominees for election to our Board, to identify and recommend candidates to fill Board vacancies
occurring between annual stockholder meetings, to review our policies and programs that relate to matters of corporate responsibility,
including public issues of significance to our company and our stockholders, and any other related matters required by the federal securities
laws.

The Governance and Nominating Committee determines
the qualifications, qualities, skills, and other expertise required to be a director and to develop, and recommend to our Board for its
approval, criteria to be considered in selecting nominees for director. The Governance and Nominating Committee and our Board believe
that at this time, it is unnecessary to adopt criteria for the selection of directors. Instead, the Governance and Nominating Committee
and our Board believe that the desirable background of a new