Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 224

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 224
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 voting power of all classes of New ONE Nuclear’s stock or stock of any parent or any of its subsidiaries).

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The Plan permits participants to pay the exercise price of options using one or more of the following manners of payment: (i) in cash, check, cash equivalent and/or New ONE Nuclear Common Stock valued at the fair market value at the time the option is exercised (including, pursuant to procedures approved by the Plan Committee, by means of attestation of ownership of a sufficient number of shares of New ONE Nuclear Common Stock in lieu of actual delivery of such shares to the company); provided that such New ONE Nuclear Common Stock are not subject to any pledge or other security interest and are mature shares; and (ii) by such other method as the Plan Committee may permit in accordance with applicable law, in its sole discretion, on a case by case basis, including without limitation: (A) in other property having a fair market value on the date of exercise equal to the exercise price; (B) if there is a public market for the New ONE Nuclear Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the company is delivered a copy of irrevocable instructions to a stockbroker to sell the New ONE Nuclear Common Stock otherwise deliverable upon the exercise of the option and to deliver promptly to the company an amount equal to the exercise price; or (C) by a “net exercise” method whereby the company withholds from the delivery of the New ONE Nuclear Common Stock for which the option was exercised that number of New ONE Nuclear Common Stock having a fair market value equal to the aggregate exercise price for the New ONE Nuclear Common Stock for which the option was exercised.

Stock Appreciation Rights (“SARs”).A participant who is awarded a SAR receives, upon exercise, a number of shares of New ONE Nuclear Common Stock, or cash (or a combination of shares of New ONE Nuclear Common Stock and cash) determined by reference to appreciation, from and after the date of grant, in the fair market value of a share of New ONE Nuclear Common Stock over the strike price. The Plan provides that the strike price of a SAR may not be less than 100% of the fair market value of a share of New ONE Nuclear Common Stock on the date the SAR is granted (provided, however, that if the Plan Committee approves the grant of a SAR effective as of a future date, the strike price shall not be less than 100% of the fair market value on such