Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 65

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 65
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 transferred other than by will or the laws of descent and distribution, and during the lifetime
of a Participant, only the Participant personally (or the Participant's personal representative) may exercise rights under the Plan. The
Participant's Beneficiary may exercise the Participant's rights to the extent they are exercisable under the Plan following the death
of the Participant. Notwithstanding the foregoing, to the extent permitted under Section 16(b) of the Exchange Act with respect
to Participants subject to such Section, the Committee may grant Non-Qualified Stock Options that are transferable, without payment of
consideration, to immediate family members of the Participant or to trusts or partnerships for such family members, and the Committee
may also amend outstanding Non-Qualified Stock Options to provide for such transferability.

10.5 Taxes.
The Company shall be entitled, if the Committee deems it necessary or desirable, to withhold (or secure payment from the Participant in
lieu of withholding) the amount of any withholding or other tax required by law to be withheld or paid by the Company with respect to
any amount payable and/or shares issuable under such Participant's Award, or with respect to any income recognized upon a disqualifying
disposition of shares received pursuant to the exercise of an Incentive Stock Option, and the Company may defer payment or issuance of
the cash or shares upon exercise or vesting of an Award unless indemnified to its satisfaction against any liability for any such tax.
The amount of such withholding or tax payment shall be determined by the Committee and shall be payable by the Participant at such time
as the Committee determines in accordance with the following rules:

(a) The Participant
shall have the right to elect to meet his or her withholding requirement (i) by having withheld from such Award at the appropriate
time that number of shares of Common Stock, rounded up to the next whole share, whose Fair Market Value is equal to the amount of withholding
taxes due, (ii) by direct payment to the Company in cash of the amount of any taxes required to be withheld with respect to such
Award or (iii) by a combination of shares and cash.

(b) In the case
of Participants who are subject to Section 16 of the Exchange Act, the Committee may impose such limitations and restrictions as
it deems necessary or appropriate with respect to the delivery or withholding of shares of Common Stock to meet tax withholding obligations.

10.6 Surrender of Awards. Any Award granted under the Plan may be surrendered to the