Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 279

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 279
---
 agreement. In no event may an option be exercised later than the expiration of its term, except in certain circumstances where the expiration occurs during a period where exercise is not permitted under
applicable law. An option designated as an incentive stock option will cease to constitute

162

an incentive stock option and will be treated as a non-qualified stock option to the extent that it is exercised more than three months after the
employee’s termination of employment (or more than one year in the case of death or disability).

Subject to the provisions of the
Plan, the Administrator will determine the other terms of options, including but not limited to the acceptable forms of consideration for exercising an option.

Restricted Stock

Restricted stock
may be granted under the Equity Incentive Plan. Restricted stock awards are grants of shares of Pubco common stock that vest in accordance with terms and conditions established by the Administrator. The Administrator will determine the number of
shares of restricted stock granted to any employee, director or consultant. The Administrator may impose prior to grant whatever conditions to vesting it determines to be appropriate (for example, the Administrator may set restrictions based on the
achievement of specific performance goals or continued service to us or members of the Company Group), and the Administrator will have the discretion to accelerate the time at which any restrictions will lapse or be removed at any time. Recipients
of restricted stock awards generally will have voting and have the right to receive dividends with respect to such shares, unless the award agreement provides otherwise. Except as otherwise provided by the Administrator, to the extent that dividends
are paid in stock or property other than cash, such non-cash dividends will be subject to the same vesting and forfeiture conditions applicable to the restricted shares and will be delivered no later than the
15 day of the third calendar month following the later of (i) the date the dividends are paid to Pubco stockholders or (ii) the date such dividends are no longer subject to a
substantial risk of forfeiture.

Shares of restricted stock as to which the restrictions have not lapsed upon the recipient’s
termination of service or when the Administrator determines that satisfaction of performance-based vesting conditions are no longer possible are subject to our right of repurchase or forfeiture.

Restricted Stock Units

Restricted
stock units may be granted under the Equity Incentive Plan pursuant to terms and conditions established by the Administrator. A restricted stock units is a bookkeeping entry representing an amount equal to the fair market value of one share of Pubco
common stock. The Administrator will determine the