Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 39

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 39
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 and conditions or restrictions. The holder of a restricted stock unit shall be entitled
to receive a cash payment equal to the fair market value of a share, as determined in the sole discretion of the 2025 Plan Committee and
as set forth in the restricted stock unit award agreement, for each restricted stock unit subject to such restricted stock unit award,
if and to the extent the holder satisfies the applicable vesting requirements. Such payment or distribution shall be made no later than
by the fifteenth (15th) day of the third (3rd) calendar month next following the end of the calendar year in which the restricted stock
unit first becomes vested, unless otherwise structured to comply with Code Section 409A.

Performance Stock Awards.

A performance stock award provides for the distribution
of shares (or cash equal to the fair market value of shares) to the holder upon the satisfaction of predetermined individual and/or Company
goals or objectives. The Plan Committee shall set forth in the applicable performance stock award agreement the performance goals and
objectives (and the period of time to which such goals and objectives shall apply) which the holder and/or Company would be required to
satisfy before the holder would become entitled to the receipt of shares (or cash equal to the fair market value of shares) pursuant to
such holder’s performance stock award and the number of shares of shares subject to such performance stock award. The vesting restrictions
under any performance stock award shall constitute a “substantial risk of forfeiture” under Section 409A of the Code and,
if such goals and objectives are achieved, the distribution of such shares shall be made no later than by the fifteenth (15th) day of
the third (3rd) calendar month next following the end of our fiscal year to which such goals and objectives relate, unless otherwise structured
to comply with Code Section 409A. At the time of such award, the Plan Committee may, in its sole discretion, prescribe additional terms
and conditions or restrictions. The holder of a performance stock award shall have no rights as a shareholder until such time, if any,
as the holder actually receives shares pursuant to the performance stock award.

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Performance Unit Awards.

A performance unit award provides for a cash payment
to be made to the holder upon the satisfaction of predetermined individual and/or Company (or affiliate) performance goals or objectives
based on selected performance criteria, based on the number of units awarded to the holder. The Plan Committee shall set forth in the