Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 33

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 33
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 granted by an entity acquired by the Company or any subsidiary or with which the Company or any subsidiary combines (referred to as “substitute awards”) will not reduce the share reserve under the 2024 Plan and will not reduce the shares authorized for grant to a participant in any calendar year.

Additionally, if a company acquired by the Company or any of its subsidiaries or with which the Company or any subsidiary combines has shares available under a pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of that pre-existing plan may be used for awards under the 2024 Plan and shall supplement the share reserve under the 2024 Plan, but only if the awards are made to individuals who were not employed by, or serving as a non-employee director of, the Company or any of its subsidiaries prior to such acquisition or combination.

The maximum aggregate grant date fair value of equity and cash-based awards granted under the 2024 Plan during any calendar year to any non-employee director shall not exceed $500,000.

Share Adjustment Provisions . If certain transactions occur that cause the per share value of our common shares to change, such as a stock dividend, stock split, reverse stock split, split up, spin-off, rights offering or recapitalization through an extraordinary dividend, the Committee shall make such adjustments as it deems equitable and appropriate to the number and kind of common shares that may be issued under the 2024 Plan, the number and kind of common shares subject to outstanding awards, the exercise price applicable to outstanding awards, and other value determinations applicable to outstanding awards. In the event of any other change in corporate capitalization, similar equitable adjustments may be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights.

Types of Awards . The 2024 Plan permits us to award stock options, SARs, restricted stock, restricted stock units and other stock-based awards to eligible recipients. These types of awards are described in more detail below.

Stock Options. Employees of the Company or any subsidiary may be granted options to purchase common stock that qualify as “incentive options” within the meaning of Section 422 of the Code, and any eligible recipient may be granted options to purchase common stock that do not qualify as incentive stock options, referred to as “non-qualified options.” The per share exercise price to be paid by a participant at the time an option is exercised may not be less than 100% of the