Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 47

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 47
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 will be no less than 100% of the fair market value per share on the date of grant (except in the case of assumptions or substitutions of SARs occurring in connection with a corporate transaction) and an SAR will not have a term of more than 10 years. After the continuous service of an employee, director or consultant terminates, the SAR may be exercised, to the extent vested, for the period of time specified in the SAR agreement. However, an SAR may not be exercised later than the expiration of its term. Restricted Stock Awards . The 2025 Plan will allow for the grant of restricted stock. Restricted stock awards are our Common Shares that vest in accordance with terms and conditions established by the administrator. The administrator will determine the number of restricted Common Shares granted to any employee, director or consultant. The administrator may impose whatever conditions on vesting it determines to be appropriate. For example, the administrator may set restrictions based on the achievement of specific performance goals. Shares of restricted stock that do not vest are subject to forfeiture. Restricted Stock Units . The 2025 Plan will allow for the grant of restricted stock units. Restricted stock units are awards that result in payment to a recipient at the end of a specified period if applicable vesting criteria established by the administrator are achieved or the award otherwise becomes eligible for settlement. The administrator may impose whatever conditions to vesting, or restrictions and conditions to settlement, that it determines to be appropriate. The administrator may establish vesting conditions or restrictions based on the achievement of specific performance goals or on the continuation of service or employment. Payments of earned restricted stock units may be made in our Common Shares, cash or a combination thereof. Dividends and Dividend Equivalents . Dividends may be credited with respect to restricted stock awards, and dividend equivalents may be credited with respect to other awards (other than stock options, SARs, and restricted stock). However, with respect to awards subject to performance-based vesting conditions, participants are not entitled to receive any such credited dividends or dividend equivalents unless and until the award upon which the dividend or dividend equivalent is based vests. The Compensation Committee may determine to pay such dividends or dividend equivalent rights in cash or to convert into additional awards. Other Awards . The 2025 Plan also provides for the issuance of other awards relating to the Company’s Common Shares (including shares or share-based awards that are not subject to vesting conditions or other restrictions) and cash-based awards. Terms of Awards . Subject to the terms of the 2025 Plan, the administrator