Company: PAII-WT
Filing Date: 2025-05-29
Form Type: DRS
Source: 0001213900-25-049013
Chunk: 246

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-05-29
Form: DRS
Chunk 246
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 officers; ➤reviewing our executive compensation policies and plans; ➤implementing and administering our incentive compensation equity -basedremuneration plans; ➤assisting management in complying with our proxy statement and annual report disclosure requirements; ➤approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees; ➤producing a report on executive compensation to be included in our annual proxy statement; and ➤reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors. Notwithstanding the foregoing, other than the payment of $35,000 per month to our sponsor for office space and administrative services, no compensation of any kind, including finders, consulting or other similar fees, will be paid to any of our existing shareholders, officers, directors or any of their respective affiliates, prior to, or for any services they render in order to effectuate the consummation of an initial business combination. Accordingly, it is likely that prior to the consummation of an initial business combination, the compensation committee will only be responsible for the review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination. The charter will also provide that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, independent legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by the NYSE and the SEC. Clawback Policy We will adopt a compensation recovery policy that is compliant with the NYSE’s listing rules as required by the Dodd -FrankAct. Nominating and Corporate Governance Committee Upon the commencement of trading of our units on the NYSE, we will establish a nominating and corporate governance committee of the board of directors. The members of our nominating and corporate governance are [•], [•] and [•] and [•] will serve as chair of the nominating and corporate governance committee. We will adopt a nominating and corporate governance committee charter, which will detail the purpose and responsibilities of the nominating and corporate governance committee, including: ➤identifying, screening and reviewing individuals qualified to serve as directors, consistent with criteria approved by the board, and recommending to the board of directors candidates for nomination for appointment at the annual general meeting