Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 512

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 512
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 Absent a determination otherwise by the administrator, after an initial public offering or similar transaction, the same number of Class A shares of the public company common stock may be issued and delivered pursuant to the awards under the 2021 Plan, instead of Shares (including voting shares of common stock or non-voting shares of common stock).

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To the extent that an award is settled in cash or in a form other than Shares, the Shares that would have been delivered had there been no such cash or other settlement will not be counted against the Shares available for issuance or delivery under the 2021 Plan. Shares that are subject to or underlie stock options or restricted stock units granted under the 2021 Plan that expire or for any reason are canceled or terminated without having been exercised or settled will again, except to the extent prohibited by law or applicable listing or regulatory requirements, be available for subsequent award grants under the 2021 Plan. Shares that are exchanged by an award holder or withheld by PlusAI as full or partial payment in connection with any award under the 2021 Plan, as well as any shares exchanged by an award holder or withheld by PlusAI or one of its affiliates to satisfy the tax withholding obligations related to any award, will be available for subsequent awards under the 2021 Plan. In the case of a settlement of a restricted stock unit award, only the number of Shares actually issued or delivered in respect of such settlement will count against the 2021 Plan’s share reserve.

Plan Administration. The 2021 Plan is administered by the PlusAI Board or any plan or compensation committee appointed by the PlusAI Board. The PlusAI Board or any such committee may designate one or more other persons to administer all or certain aspects of the 2021 Plan. The PlusAI Board and any such committee or designated person is referred to as the “administrator” for purposes of this plan description.

Subject to the provisions of the 2021 Plan, the administrator has authority to do all things necessary or desirable in connection with the authorization of awards and the administration of the 2021 Plan. This includes, subject to the terms of the 2021 Plan, without limitation, the power to determine who will be granted awards and the type, price and amount of any such awards, to establish the terms and conditions of each award, to approve forms of award agreements, and to modify, discontinue, suspend, or terminate any or all outstanding awards, subject to the written consent of the award holder if any