Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 37

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 37
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, are canceled, expire, or are terminated (other than by exercise) from and after shareholder approval of the 2025 Plan will be added back to the shares of stock available for issuance under the 2025 Plan, with each such share underlying a stock option or stock appreciation right being added back as 0.5 shares to the 2025 Plan share reserve. Shares tendered or held back upon exercise of an option or settlement of an award to cover the exercise price or tax withholding shall not become available for future issuance under the 2025 Plan. In addition, upon exercise of stock appreciation rights, the gross number of shares exercised shall be deducted from the total number of shares remaining available for issuance under the 2025 Plan, with each such share so exercised being deducted as 0.5 shares against the 2025 Plan share reserve. Also, shares repurchased by the Company in the open market using proceeds received upon the exercise or purchase price of any award will not increase the number of shares that will be available for future issuance under the 2025 Plan. Furthermore, shares underlying awards granted to directors, officers, employees, or service providers of another company in connection with the merger or acquisition of such company with or by Mercury or its subsidiaries will not be counted towards the maximum number of shares that can be issued under the 2025 Plan.

Stock Appreciation Rights and Stock Options . The 2025 Plan permits the granting of (1) stock appreciation rights, (2) options to purchase common stock intended to qualify as incentive stock options under Section 422 of the Code, and (3) options that do not so qualify. Options granted under the 2025 Plan will be non-qualified options if they fail to qualify as incentive options or exceed the annual limit on incentive stock options. Non-qualified options may be granted to any persons eligible to receive incentive options and to non-employee directors and key persons. The exercise price will be determined by the Committee but may not be less than 100% of the fair market value of the common stock on the date of grant. No dividends or dividend equivalents shall be paid on stock appreciation rights or stock options.

The term of each stock appreciation right and option will be fixed by the Committee and may not exceed ten years from the date of grant. The Committee will determine at what time or times each stock appreciation right and option may be exercised. Stock appreciation rights and options may be exercised in whole or in part subject to the terms and conditions of the award.

In addition to any exercise