Company: FENC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005563
Chunk: 20

Company: FENNEC PHARMACEUTICALS INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 20
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 participants under the Equity Incentive Plan. |

| • | Stock Purchase Rights Policies and Procedures. Without limiting the general powers of the Administrator set forth elsewhere in the Equity Incentive Plan, the Administrator may, from time to time, consistent with the Equity Incentive Plan and the requirements of Section 423 of the Code, establish, change or terminate such rules, guidelines, policies, procedures, limitations, or adjustments as deemed advisable by the Administrator, in its discretion, for the proper administration of Stock Purchase Rights under the Equity Incentive Plan, including, without limitation, to (i) establish a minimum contribution amounts required for participation in an offering period, (ii) limit the frequency and/or number of changes permitted in the rate of contribution during an offering period, (iii) designate, terminate or change the offering periods, (iv) establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, (v) establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Shares for each grantee properly correspond with contribution amounts, (vi) permit contributions greater than or less than the amount designated by a Participant in order to adjust for the Corporation’s delay or mistake in processing an enrolment form or in otherwise effecting a grantee’s election under the Equity Incentive Plan or, as advisable to comply with the requirements of Section 423 of the Code, (viii) determine the date and manner by which the Fair Market Value of a Share is determined for purposes of administration of Stock Purchase Rights under the Equity Incentive Plan, and (ix) establish such other limitations or procedures as the Administrator determines in its sole discretion advisable that are consistent with the Equity Incentive Plan. All such actions by the Corporation shall be taken consistent with the requirement under Section 423(b)(5) of the Code that all grantees granted Stock Purchase Rights pursuant to an offering period shall have the same rights and privileges within the meaning of such section. |

| • | Amendment or Termination of Stock Purchase Rights. Without limiting the general amendment |

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| provisions of the Equity Incentive Plan, in the event that the Board determines that continuation of Stock Purchase Rights under the Plan or an offering period would result in unfavorable financial accounting consequences to the Corporation, the Administrator may, in its discretion and without the consent of any participant, including with respect to an offering period then in progress: (i) terminate Stock Purchase Rights under the Plan or any offering