Company: FTCI
Filing Date: 2025-07-15
Form Type: PRE 14A
Source: 0001193125-25-159376
Chunk: 37

Company: FTC Solar, Inc.
Filing Date: 2025-07-15
Form: PRE 14A
Chunk 37
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 shall mean the fair market value as determined by the Administrator in its sole discretion; , , (i) if the Common Stock or other security is admitted to trading on a national securities exchange, the fair
market value on any date shall be the closing sale price reported on the date of grant, or if no shares were traded on such date, on the last preceding date for which there was a sale of a share of Common Stock or other security on such exchange, or
(ii) if the Common Stock or other security is then traded in an over-the-counter market, the fair market value on any date shall be the average of the closing bid
and asked prices for such share of Common Stock or other security in such over-the-counter market for the last preceding date on which there was a sale of such share of
Common Stock or other security in such market.

(x) “” has the meaning set forth in Section 8(a) hereof.

(y) “” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance
agreement with the Participant; that if no such agreement exists or if such agreement does not define “Good Reason,” Good Reason and any provision of the Plan that refers to Good Reason shall not be applicable to such
Participant.

(z) “” means an Option intended to be and designated as an “incentive stock option” within the meaning of
Section 422 of the Code.

(aa) “” means a member of the Board of the
Company, a Parent or a Subsidiary who is not an Employee.

(bb) “” means an Option that is not designated as an
ISO.

(cc) “” means an option to purchase shares of Common Stock granted pursuant to Section 7 hereof. The term
“Option” as used in the Plan includes the terms “NonqualifiedStock Option” and “ISO.”

(dd) “” means an Award granted pursuant to Section 10 hereof.

(ee) “” means any Eligible Recipient
selected by the Administrator, pursuant to the Administrator’s authority provided for in Section 3 hereof, to receive grants of Awards, and, upon his or her death, his or her successors, heirs, executors and administrators, as the case may
be.

(ff) “” has the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and
14(d) thereof.

(gg) “” has the