Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 517

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 517
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 change in control event, the option holder will be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise the outstanding and vested portion of the option according to its terms before the termination of the award (except that in no case will more than 10 days’ notice of the impending termination be required).

Amendment and Termination. The PlusAI Board may, at any time, terminate or, from time to time, amend, modify or suspend the 2021 Plan, in whole or in part. No amendment, suspension or termination of the 2021 Plan or amendment of any outstanding award will, without written consent of the affected award holder, affect in any manner materially adverse to the award holder any rights or benefits of the award holder or obligations of PlusAI under any award granted under the 2021 Plan prior to the effective date of such change. To the extent then required by applicable law or any applicable listing agency or required under applicable tax law, rules or regulations to preserve the intended tax consequences of the 2021 Plan, or to the extent deemed necessary or advisable by the administrator, any amendment to the 2021 Plan will be subject to stockholder approval.

If it is not terminated earlier by the administrator, the 2021 Plan will terminate automatically at the close of business on the day before the 10th anniversary of the date PlusAI’s stockholders approved the 2021 Plan on May 10, 2021. As noted above, in connection with the Closing, the 2021 Plan will be assumed, and PlusAI will not grant any new or additional awards under the 2021 Plan following the Closing. However, the 2021 Plan will continue to govern the terms and conditions of the outstanding awards previously granted under the 2021 Plan until termination of such awards.

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401(k) Plan

PlusAI maintains a 401(k) retirement savings plan, which is intended to be a tax-qualified defined contribution plan under Section 401(k) of the Code, for the benefit of our employees, including our named executive officers, who satisfy certain eligibility requirements. Under the 401(k) plan, eligible employees may elect to defer a portion of their compensation, within the limits prescribed by the Code, on a pre-tax (traditional) or post-tax (Roth) basis, through contributions to the 401(k) plan. As a tax-qualified retirement plan, pre-tax contributions to the 401(k) plan and earnings on those pre-tax