Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 60

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 60
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 Award Agreement. The Committee shall determine the forfeiture period (which may, but need
not, lapse in installments) and any other terms and conditions applicable with respect to any Restricted Share Award.

(f) Waiver of Forfeiture Period. Notwithstanding anything contained in this Article VII to the contrary, the Committee may, in its sole
discretion, waive the forfeiture period and any other conditions set forth in any Award Agreement under appropriate circumstances (including
the death, disability or retirement of the Participant or a material change in circumstances arising after the date of an Award) and subject
to such terms and conditions (including forfeiture of a proportionate number of the Restricted Shares) as the Committee shall deem appropriate.

7.3 Restricted Stock Units.

(a) Settlement of Restricted Stock Units. Payments shall be made to Participants with respect to their Restricted Stock Units as soon as practicable
after the Committee has determined that the terms and conditions applicable to such Award have been satisfied or at a later date if distribution
has been deferred. Payments to Participants with respect to Restricted Stock Units shall be made in the form of Common Stock, or cash
or a combination of both, as the Committee may determine. The amount of any cash to be paid in lieu of Common Stock shall be determined
on the basis of the Fair Market Value of the Common Stock on the date any such payment is processed. As to shares of Common Stock which
constitute all or any part of such payment, the Committee may impose such restrictions concerning their transferability and/or their forfeiture
as may be provided in the applicable Award Agreement or as the Committee may otherwise determine, provided such determination is made
on or before the date certificates for such shares are first delivered to the applicable Participant.

(b) Shareholder Rights. Until the lapse or release of all restrictions applicable to an Award of Restricted Stock Units, no shares of Common
Stock shall be issued in respect of such Awards and no Participant shall have any rights as a stockholder of the Company with respect
to the shares of Common Stock covered by such Award of Restricted Stock Units.

(c) Waiver of Forfeiture Period. Notwithstanding anything contained in this Section 7.3 to the contrary, the Committee may, in its sole
discretion, waive the forfeiture period and any other conditions set forth in any Award Agreement under appropriate circumstances (including
the death, disability or retirement of the Participant or a material change in circumstances arising after the date of an Award) and subject
to such terms and conditions (including forfeiture of