Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 83

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 83
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’s Continuous Service:</div>

| Reason                                                                 
 for terminating Continuous Service                                     |     | Option                                                           
 Termination Date                                                 |
| By the Company for Cause, or what would have been Cause if the Company 
 had known all of the relevant facts.                                   |     | Termination of the Participant’s Continuous Service, or when     
 Cause first existed, if earlier.                                 |
| Disability of the Participant.                                         |     | Within six (6) months after termination of the Participant’s     
 Continuous Service.                                              |
| Retirement of the Participant.                                         |     | Within six (6) months (three (3) months in the case of           
 ISOs) after termination of the Participant’s Continuous Service. |
| Death of the Participant during Continuous Service or within ninety    
 (90) days thereafter.                                                  |     | Within six (6) months after termination of the Participant’s     
 Continuous Service.                                              |
| Any other reason.                                                      |     | Within ninety (90) days after                                    
 termination of the Participant’s Continuous Service.             |

<div align='center'>If there is a Securities and Exchange Commission blackout period (or a Company-imposed blackout period) that prohibits the buying or selling of Shares during any part of the ten (10)-day period before the expiration of any Option based on the termination of a Participant’s Continuous Service (as described above), the period for exercising the Options shall be extended until ten (10) days beyond when such blackout period ends. Notwithstanding any provision herein or within an Award Agreement, no Option shall ever be exercisable after the expiration date of its original term as set forth in the Award Agreement.</div>

| 81 |

| 6. | SARS. |

<div align='center'>(a) Grants. The Committee may grant SARs to Eligible Persons pursuant to Award Agreements setting forth terms and conditions that are not inconsistent with the Plan; provided that: (i) the exercise price for the Shares subject to each SAR shall not be less than the Fair Market Value of the underlying Shares as of the Grant Date (unless the Award replaces a previously issued Option or SAR); (ii) no SAR shall be exercisable for a term ending more than ten (10) years after its Grant Date; and (iii) each SAR shall, except to the extent that an Award Agreement for an SAR (an “ SAR Award Agreement”) provides otherwise, be subject to the provisions of Section 5(e) relating to the effect of a termination of Participant’s Continuous Service, with “SAR