Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 31

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 31
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 obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect to any award.

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Amendment and Termination
of the Plan

The 2025 Plan provides AppTech’s
board of directors with the authority to amend, alter, or terminate the 2025 Plan, but no such action may impair the rights of any participant
with respect to outstanding awards without the participant’s consent. The Committee may amend an award prospectively or retroactively,
but no such amendment may materially impair the rights of any participant without the participant’s consent. Stockholder approval
of any such action will be obtained if required to comply with applicable law.

Plan Term

The 2025 Plan will terminate
on the 10th anniversary of the date on which stockholders approve the 2025 Plan, although awards granted before that time will remain
outstanding in accordance with their terms.

Certain United States Federal
Income Tax Aspects

The following is a summary
of certain United States federal income tax consequences of awards under the 2025 Plan. It does not purport to be a complete description
of all applicable rules, and those rules (including those summarized here) are subject to change.

Options

An optionee generally will
not recognize taxable income upon the grant of a non-statutory option. Rather, at the time the option is exercised, the optionee will
recognize ordinary income for income tax purposes in an amount equal to the excess, if any, of the fair market value of the shares purchased
over the exercise price. AppTech generally will be entitled to a tax deduction at such time and in the same amount, if any, that the optionee
recognizes as ordinary income. The optionee’s tax basis in any shares received upon exercise of an option will be the fair market
value of the shares on the date of exercise, and if the shares are later sold or exchanged, then the difference between the amount received
upon such sale or exchange and the fair market value of such shares on the date of exercise will generally be taxable as long-term or
short-term capital gain or loss (if the shares are a capital asset of the optionee) depending upon the length of time the optionee held
such shares.

Incentive stock options are
eligible for favorable federal income tax treatment if certain requirements are satisfied. An incentive stock option must have an option
price that is not less than the stock's fair market value at the time the option is granted and must