Company: TCMD
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001558370-25-003924
Chunk: 67

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 67
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 other than for cause, outstanding stock options and SARs that are not yet fully exercisable shall immediately become exercisable in full and shall remain exercisable for one year following the termination of employment, and any full value awards that are not yet fully vested shall immediately vest in full. If awards granted to any participant are not continued, assumed or replaced, then (i) any outstanding stock option or SAR will become fully exercisable for a period of time prior to the transaction and terminate at the time of the transaction; and (ii) any outstanding full value awards will vest immediately prior to the transaction. Alternatively, the plan administrator may provide for the cancellation of any outstanding award in exchange for payment to the holder of the amount of the consideration that would have been received in the transaction for the number of shares subject to the award less the aggregate exercise price (if any) of the award. In the event of a change in control that does not involve a corporate transaction, all awards will continue in accordance with their terms; provided, however, if within twelve months after the change in control a participant experiences an involuntary termination of service for reasons other than cause, then outstanding stock options and SARs that are not yet fully exercisable shall immediately become exercisable in full and shall remain exercisable for one year following the termination of service and any full value awards that are not yet fully vested shall immediately vest in full. For purposes of the 2025 Plan, a "change in control" generally refers to a corporate transaction (as defined in the next sentence), the acquisition by a person or group of more than 50% of the combined voting power of our stock, or our "continuing directors" ceasing to constitute a majority of the members of the board of directors. A "corporate transaction" generally refers to (i) a sale or other disposition of all or substantially all of the assets of our company, or (ii) a merger, consolidation, share exchange or similar transaction involving our company, regardless of whether or company is the surviving corporation. Adjustment of Awards.In the event of an equity restructuring that affects the per share value of our common stock, including a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the plan administrator will make appropriate adjustment to: (i) the number and kind of securities reserved for issuance under the 2025 Plan, (ii) the number and kind of securities subject to outstanding awards under the 2025 Plan, (iii) the exercise price of outstanding options and