Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 84

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 84
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, which vested one-fourth on March 18, 2025, and which will vest one-fourth on March 18, 2026, one-fourth on March 18, 2027 and one-fourth on March 13, 2028. |

| (4) | Consists of restricted share units granted on April 4, 2023 and March 18, 2024. As of December 31, 2024, there were 37,313 restricted shares units not vested, which will vest one-third on April 4, 2025, one-third on April 4, 2026 and one-third on April 4, 2027. With respect to the restricted share units granted on March 18, 2024, as of December 31, 2024, there were 71,429 restricted shares units not vested, which vested one-fourth on March 18, 2025, and which will vest one-fourth on March 18, 2026, one-fourth on March 18, 2027 and one-fourth on March 18, 2028. |

Pension Benefits

We do not provide any of our officers with pension benefits.

Nonqualified Deferred Compensation

We do not provide any of our officers with any nonqualified deferred compensation plans.

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Potential Payments Upon Termination of Employment or Change in Control

In the event any officer’s employment with our Adviser is terminated due to such officer’s death, disability or retirement, all outstanding restricted share units granted that have not previously vested or been forfeited, will vest. If any officer’s employment is terminated without cause, subject to the officer’s execution of a general release of claims within a specified time period and subject to non-revocation, the outstanding restricted share units which would have become vested and nonforfeitable during the 12-month period immediately following the date of such termination had the officer remained continuously employed, will vest. If a change in control occurs and the award is not assumed or converted into a replacement award in a manner described in the award agreement, all outstanding awards held by our officers that have not previously vested or been forfeited, will vest. If a change of control occurs and the award is converted into a replacement award as described in the applicable award agreement and any officer’s employment is terminated without cause or for good reason within two years following a change in control, all outstanding awards held by our officers that have not