Company: CDT
Filing Date: 2025-07-08
Form Type: DEF 14A
Source: 0001641172-25-018242
Chunk: 56

Company: CDT Equity Inc.
Filing Date: 2025-07-08
Form: DEF 14A
Chunk 56
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 of the Company to a committee consisting of one or more members of the Company Board or one or more of our officers, other than awards made to our non-employee directors, which must be approved by our full board of directors.

Subject to the terms and conditions of the Amended 2023 Plan, the plan administrator has the authority to select the persons to whom awards are to be made, to determine the number of shares to be subject to awards and the terms and conditions of awards, and to make all other determinations and to take all other actions necessary or advisable for the administration of the Amended 2023 Plan. The plan administrator is also authorized to adopt, amend, or rescind rules relating to administration of the Amended 2023 Plan.

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Shares Available for Awards

The aggregate number of shares of the Company common stock initially reserved for issuance pursuant to awards under the Amended 2023 Plan will be 2,014,741 shares, plus an annual increase on the first day of each calendar year beginning in 2024 and ending in 2033 equal to the lesser of (i) 5% of the shares of the Company common stock outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of shares of common stock as determined by the Board; provided, however, that no more than 38,325 shares of common stock may be issued upon the exercise of ISOs.

The following counting provisions will be in effect for the share reserve under the Amended 2023 Plan:

| ● | to                                                                                            
 the extent that an award terminates, expires, or lapses for any reason or an award is settled 
 in cash without the delivery of shares, any shares subject to the award at such time will     
 be available for future grants under the Amended 2023 Plan;                                   |

| ● | the                                                                                         
 payment of dividend equivalents in cash in conjunction with any outstanding awards will not 
 be counted against the shares available for issuance under the Amended 2023 Plan; and       |

| ● | to                                                                                            
 the extent permitted by applicable law or any exchange rule, shares issued in assumption      
 of, or in substitution for, any outstanding awards of any entity acquired in any form of      
 combination by us or any of our subsidiaries will not be counted against the shares available 
 for issuance under the Amended 2023 Plan.                                                     |

However, the following shares issued or delivered under the Amended 2023 Plan shall not again be available for future