Company: HROW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006102
Chunk: 60

Company: HARROW, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 60
---
 and policies of any national securities exchange on which the shares of Stock are listed.

(b) Option Term. The term of each Option shall be fixed by the Committee, but no Option shall be exercisable more than ten years after the date such Option is granted and in the case of an Incentive Option granted to an Optionee who, at the time such Incentive Option is granted, owns (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of stock of the Company or of any Subsidiary, no such Incentive Option shall be exercisable more than five years after the date such Incentive Option is granted.

(c) Exercisability. Subject to Section 5(j) hereof, Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant.

Upon the occurrence of a “Change in Control” (as hereinafter defined), the Committee may accelerate the vesting and exercisability of outstanding Options, in
whole or in part, as determined by the Committee in its sole discretion. In its sole discretion, the Committee may also determine that,
upon the occurrence of a Change in Control, each outstanding Option shall terminate within a specified number of days after notice to
the Optionee thereunder, and each such Optionee shall receive, with respect to each share of Company Stock subject to such Option, an
amount equal to the excess of the Fair Market Value of such shares immediately prior to such Change in Control over the exercise price
per share of such Option; such amount shall be payable in cash, in one or more kinds of property (including the property, if any, payable
in the transaction) or a combination thereof, as the Committee shall determine in its sole discretion.

For purposes of the Plan, unless
otherwise defined in an employment agreement between the Company and the relevant Optionee, a Change in Control shall be deemed to have
occurred if:

(i) a tender offer (or
series of related offers) shall be made and consummated for the ownership of 50% or more of the outstanding voting securities of the Company,
unless as a result of such tender offer more than 50% of the outstanding voting securities of the surviving or resulting corporation shall
be owned in the aggregate by the stockholders of the Company (as of the time immediately prior to the commencement of such offer), any
employee