Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 95

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 95
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) in
the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation,
granting, settlement, or exercise of an Award, such as a system using an internet website or interactive voice response, to implement
paperless documentation, granting, settlement, or exercise of Awards by a Participant, may be permitted through the use of such an automated
system; and

(ix) to
make all interpretations and to take all other actions that the Committee may consider necessary or advisable to administer the Plan or
to effectuate its purposes.

Subject to Applicable Law
and the restrictions set forth in the Plan, the Committee may delegate administrative functions to individuals who are Trustees or Employees.

(c) Local Law Adjustments and Sub-Plans. To facilitate the making of any grant of an Award under this Plan, the Committee may adopt rules and
provide for such special terms for Awards to Participants who are (i) located within the United States, (ii) foreign nationals,
or (iii) employed by the Company or any of its Affiliates outside of the United States of America as the Committee may consider necessary
or appropriate to accommodate differences in local law, tax policy, or custom. Without limiting the foregoing, the Company is specifically
authorized to adopt rules and procedures regarding local currency conversion, taxes, withholding procedures, and handling of stock certificates,
which vary with the customs and requirements of particular countries. The Company may adopt sub-plans and establish escrow accounts and
trusts, and settle Awards in cash in lieu of shares, as may be appropriate, required or applicable to particular locations and countries.

(d) Action by Committee. Unless otherwise established by the Board or in any charter of the Committee, a majority of the Committee shall constitute
a quorum, and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in writing
by all members of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled
to, in good faith, rely or act upon any report or other information furnished to that member by an officer or other employee of the Company
or any of its Affiliates, the Company’s independent certified public accounts, or any executive compensation consultant or other
professional retained by the Company to assist in the administration of the Plan.

(e) Deference to Committee Determinations. The Committee shall have the discretion to interpret or construe ambiguous, unclear