Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 377

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 377
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, including non -employeedirectors, other employees, advisors, consultants or other service providers of BLAC or BLAC’s subsidiaries or other affiliates, and to any other individuals who are approved by the Committee (as defined below) as eligible to participate in the Omnibus Plan. As of January29, 2025, there are 26 employees or directors that are eligible to participate in the Omnibus Plan, but we expect that 17 employees, including each of BLAC’s named executive officers, and approximately 9 non -employeedirectors, consultants, and advisors of BLAC will be eligible to participate in the Omnibus Plan after the consummation of the Business Combination. Only BLAC’s employees or employees of BLAC’s corporate subsidiaries are eligible to receive incentive stock options. Effective Date and Term If approved by stockholders at the BLAC Stockholders’ Meeting, the Omnibus Plan will be effective as of January 29, 2025, the date the plan was adopted by the BLAC Board (the “Effective Date”). The Omnibus Plan will terminate automatically at 11:59PM ET on the day before the tenth (10 th) anniversary of the Effective Date unless earlier terminated by the BLAC Board or in accordance with the terms of the Omnibus Plan. 226 Administration, Amendment and Termination The Omnibus Plan will generally be administered by a committee composed of not fewer than two directors of BLAC designated by BLAC’s Board, each of whom will be a “non -employeedirector” and satisfy the composition requirements under the listing rules of any stock exchange on which BLAC’s common stock is listed (the “Committee”). Except where the authority to act on such matters is specifically reserved to the BLAC Board under the Omnibus Plan or applicable law, the Committee will have full power and authority to interpret and construe all provisions of the Omnibus Plan, any award, and any award agreement, and take all actions and to make all determinations required or provided for under the Omnibus Plan, any award, and any award agreement, including the authority to: •designate grantees of awards; •determine the type or types of awards to be made to a grantee; •determine the number of shares of common stock subject to an award or to which an award relates; •establish the terms and conditions of each award; •prescribe the form of each award agreement; •subject to limitations in the Omnibus Plan (including the prohibition on repricing of options