Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 35

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 35
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 shares subject to a SAR award. A SAR award may not have a term greater than 10 years from its date of grant, and will be subject to such other terms and conditions, consistent with the terms of the 2024 Plan, as may be determined by the Committee.

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Restricted Stock Awards. An RSA is an award of our common shares that vests at such times and in such installments as may be determined by the Committee. Until it vests, the shares subject to the award are subject to restrictions on transferability and the possibility of forfeiture. The Committee may impose such restrictions or conditions to the vesting of RSAs upon the completion of a specified period of service with the Company and/or its subsidiaries, upon the attainment of specified performance objectives, or upon such other criteria as the Committee may determine. Any dividends or distributions payable with respect to shares that are subject to the unvested portion of an RSA will be subject to the same restrictions, risk of forfeiture, and performance conditions and/or service conditions, as applicable, as the underlying award.

Restricted Stock Unit Awards. An RSU award is a right to receive the fair market value of a specified number of shares of our common stock, payable in cash, shares, or a combination of both, that vests at such times, in such installments and subject to such conditions as may be determined by the Committee. Until it vests, an RSU award is subject to restrictions and the possibility of forfeiture. The Committee may condition the grant or vesting of RSUs, or receipt of common shares or cash in connection with vesting, upon the completion of a specified period of service with the Company and/or its subsidiaries, upon the attainment of specified performance objectives, and/or upon such other criteria as the Committee may determine. The Committee may provide for the payment of dividend equivalents on RSUs, but any such dividend equivalents will be subject to the same restrictions, risk of forfeiture, and performance conditions and/or service conditions, as applicable, as the underlying award.

Other Stock-Based Awards. The Committee may grant awards that are valued by reference to and/or payable in whole or in part in common shares under the Plan. The Committee shall determine the terms and conditions of such other stock-based awards, which shall be consistent with the terms and purposes of the 2024 Plan.

Transferability of Awards . In general, no right or interest in any award under the 2024 Plan may be assigned, transferred, exchanged or encumbered by a participant, voluntarily or invol