Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 41

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 41
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 automatic single-trigger vesting of awards granted to employees and consultants upon a change in control where a successor corporation assumes the awards. However, if the successor corporation does not assume or substitute for these awards, the award will generally fully vest upon the change in control. If the successor corporation does assume or substitute for these awards, the awards will generally fully vest if the participant is involuntarily terminated on or within 12 months following the change in control. Awards granted to non-employee directors will generally fully vest upon a change in control.

Administration. The Amended and Restated Plan is administered by our Board or our Compensation Committee, which consists entirely of independent directors.

No Liberal Share Counting . The Amended and Restated Plan prohibits us from re-using shares that are tendered or surrendered to pay the exercise cost or tax obligation for grants of stock options, stock appreciation rights or other awards, shares that have been repurchased by the company on the open market using stock option exercise proceeds, or shares covered by the exercise of a stock-settled stock appreciation rights (whether or not such shares are actually issued pursuant to the exercise).

Awards May Be Subject to Clawback. Each award under the Amended and Restated Plan will be subject to reduction, cancellation, forfeiture, recoupment, reimbursement, or reacquisition under any clawback policy that we are required to adopt under the listing standards of any national securities exchange or association on which our securities are listed or as is otherwise required by applicable laws, and the Administrator may require a participant to forfeit, return or reimburse us all or a portion of the award and any amounts paid under the award, according to such clawback policy or in order to comply with applicable laws.

Considerations of the Board of Directors in Making its Recommendation

After the consideration and input of our Compensation Committee, our Board approved the Amended and Restated Plan and the increase in the number of shares of our common stock reserved under the Amended and Restated Plan. The number of shares reserved under the Amended and Restated Plan is proposed in order to give our Board and our Compensation Committee continued flexibility to grant stock options, restricted stock, restricted stock units, and other types of equity awards.

Our Board and management believe that granting equity awards motivates higher levels of performance, aligns the interests of employees and stockholders by giving employees the perspective of owners with equity stakes in the Company, and provides an effective means of recognizing employee contributions to our success. Our Board and management also believe that equity awards are of great