Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 2075

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 8
Chunk 2075
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 determined with consideration to a variety of factors, including but not limited to, the achievement of pre-established performance
targets, market conditions, and internal milestones. The Company does not follow a predetermined schedule for the granting of equity awards;
instead, each grant is considered on a case-by-case basis to align with the Company’s strategic objectives and to ensure the competitiveness
of our compensation packages.

In determining the timing and
terms of an equity award, the Board of Directors or compensation committee may consider material nonpublic information to ensure that
such grants are made in compliance with applicable laws and regulations. The Board of Directors or compensation committee’s procedures
to prevent the improper use of material nonpublic information in connection with the granting of equity awards include oversight by legal
counsel and, where appropriate, delaying the grant of equity awards until the public disclosure of such material nonpublic information.

The Company is committed to maintaining
transparency in its executive compensation practices and to making equity awards in a manner that is not influenced by the timing of the
disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. The Company regularly reviews
its policies and practices related to equity awards to ensure they meet the evolving standards of corporate governance and continue to
serve the best interests of the Company and its stockholders.

90

ITEM 11. EXECUTIVE COMPENSATION

Processes and Procedures for Compensation Decisions

Our compensation committee is
responsible for the executive compensation programs for our executive officers and reports to our Board of Directors on its discussions,
decisions and other actions. Our compensation committee reviews and approves corporate goals and objectives relating to the compensation
of our Chief Executive Officer, evaluates the performance of our Chief Executive Officer in light of those goals and objectives and determines
and approves the compensation of our Chief Executive Officer based on such evaluation. Our compensation committee has the sole authority
to determine our Chief Executive Officer’s compensation. In addition, our compensation committee, in consultation with our Chief
Executive Officer, reviews and approves all compensation for other officers, as well as the directors.

The compensation committee is
authorized to retain the services of one or more executive compensation and benefits consultants or other outside experts or advisors
as it sees fit, in connection with the establishment of our compensation programs and related policies.

The compensation committee has
full authority to form and delegate authority to one or more subcommittees consisting solely of one or more members of the compensation
committee as it deems appropriate from time to time. The compensation committee may delegate to the Chief