Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 48

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 48
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 of the Code on any award, thereby providing such award to the employee on a net basis, 
 after payment of excise tax.                                                                                                             |

| ● | Clawback Right. The 2022 Amended Plan provides that any award granted under the plan may be subject                                      
 to certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 or any other compensation clawback policy 
 that is adopted by the Compensation Committee and that will require the Company to be able to recoup compensation paid to its executives 
 under certain circumstances.                                                                                                             |

| ● | Increases in Shares Available for Issuance Require Shareholder Approval. No amendment may be made                                             
 to the 2022 Amended Plan that increases the total number of shares reserved for issuance pursuant to awards (except for equitable adjustments 
 discussed below) unless such amendment is authorized by shareholder approval.                                                                 |

<div align='center'>Summary of the 2022 Amended Plan Purpose. The purpose of the 2022 Amended Plan is to continue to attract, retain and motivate select Eligible Persons, and to provide incentives and rewards for superior performance. The 2022 Amended Plan is not intended to affect, and shall not affect, any share options, equity-based compensation, or other benefits that we may have provided, or may provide in the future, pursuant to any agreement, plan, or program that is independent of the 2022 Amended Plan. Shares Subject to the 2022 Amended Plan. The number of Shares that may be issued under the 2022 Amended Plan is equal to the sum of (i) 5,000,000 additional Shares pursuant to the 2022 Plan Amendment, (ii) the number of Shares available for future awards under the 2022 Plan as of the effective date of the 2022 Amended Plan, and (iii) the number of Shares related to awards outstanding under the 2022 Plan and any predecessor plans as of the effective date that later terminate by expiration, forfeiture, cancellation, or otherwise without the issuance of such Shares and become available for issuance under the 2022 Amended Plan. The number of Shares available for Awards, as well as the terms of outstanding Awards, is subject to adjustment as provided in the 2022 Amended Plan for stock splits, stock dividends, recapitalizations and other similar events. If an Award expires or becomes un-exercisable without having been exercised in full or, with respect to Restricted Shares, Restricted Share Units, or Performance