Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 97

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 97
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 Period means the last Trading Day in such Purchase Period. |

| “Purchase Date Price” | means the Fair Market Value of a Share on the applicable Purchase Date. |

| “Purchase Period” | means the period beginning on the Effective Date and ending on the date designated by the Committee and each period, if any, thereafter designated by the Committee; provided, that each period shall, in no event end later than twenty-seven (27) months from the Grant Date. |

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| “Purchase Price” | means the price designated by the Committee, at which each Share may be purchased under any option, but in no event less than eighty-five percent (85%) of the lesser of: |

| 1. | The Grant Price and |

| 2. | The Purchase Date Price. |

| “Shares” | means shares of the Company’s Common Stock. |

| “Subsidiary” | means a corporation, domestic or foreign, of which not less than 50% of the combined voting power is held by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. |

| “Trading Day” | means a day on which the New York Stock Exchange, NASDAQ Stock Market or other alternative exchange or service on which the Common Stock is traded, listed or quoted is open for trading. |

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Appendix B

DIGIMARC CORPORATION

2018 INCENTIVE PLAN

SECTION 1

PURPOSE</div>

The purpose of the Digimarc Corporation 2018 Incentive Plan (the “Plan”) is to attract, retain and motivate employees, officers, directors, consultants, agents, advisors and independent contractors of the Company and its Related Companies by providing them the opportunity to acquire a proprietary interest in the Company and to align their interests and efforts to the long-term interests of the Company’s shareholders.

<div align='center'>SECTION 2

DEFINITIONS</div>

Certain capitalized terms used in the Plan have the meanings set forth in Appendix A.

<div align='center'>SECTION 3

ADMINISTRATION</div>

3.1 Administration of the Plan

The Plan shall be administered by the Board or the Compensation Committee, which shall be composed of two or more directors, each of whom is a “non-employee director” within the meaning of Rule 16b-3(b)(3) promulgated under the Exchange Act