Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 107

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 107
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ore, 12 months) following the Qualifying Termination; and |

| ● | Company-subsidized COBRA continuation for the executive and                                                                  
 his covered dependents for a period of up to nine months (or, for Mr. Jore, 12 months) following the Qualifying Termination. |

In the event of the applicable named executive officer’s Qualifying Termination during the 12-month period following the consummation of a “change in control” of the Company (as defined in the Incentive Plan) or, solely if such Qualifying Termination is by reason of a termination by the Company without “cause,” during the three month period prior to the consummation of a change in control, then in lieu of the payments and benefits described above, the executive will be eligible to receive following payments and benefits:

| ● | an amount equal to 12 months (or, for Mr. Jore,   
 18 months) of base salary, payable in a lump-sum; |

| ● | an amount equal to 12 months (or, for Mr. Jore,                                                                                  
 18 months) of the Company’s portion of monthly COBRA premium contributions for the executive and his covered dependents, payable 
 in a lump-sum; and                                                                                                               |

| ● | an amount equal to 100% (or, for Mr. Jore, 150%) of                                                                             
 the executive’s target annual cash performance bonus for the calendar year in which such Qualifying Termination occurs, payable 
 in a lump-sum.                                                                                                                  |

The Executive Severance Plan provides that each outstanding Company equity award held by the applicable named executive officer as of the date of his Qualifying Termination will be treated in accordance with the terms and conditions of the applicable Company equity plan and award agreement governing such equity award. The applicable named executive officer’s right to receive the applicable severance payments and benefits described above is subject to his execution and non-revocation of a general release of claims in favor of the Company and its affiliates, and his continued compliance with any applicable restrictive covenants. In the event that any payments under the Executive Severance Plan, together with any other amounts paid to a named executive officer, would subject the executive to an excise tax under Section 4999 of the Internal Revenue Code, such payments will be reduced to the extent that such reduction would produce a better net after-tax result for the executive. 61 Director Compensation Pre-Business Combination Director Compensation None of our non-