Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 96

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 96
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 plan now or hereafter established, and any other payments not specifically referenced in the first sentence. |

| “Cut-Off Date” | means the date established by the Committee from time to time by which enrollment forms must be received prior to an Enrollment Date. |

| “Designated 
 Subsidiary” | means any Subsidiary which has been designated by the Committee from time to time in its sole discretion as eligible to participate in the Plan and which has adopted the Plan with the approval of the Committee in its sole and absolute discretion. |

| “Eligible Employee” | means an Employee eligible to participate in the Plan in accordance with Article 3. |

| “Effective Date” | means the effective date as determined by the Committee. |

| “Employee” | means any individual who is an employee of the Employer for tax purposes. |

| “Employer” | means the Company or any Designated Subsidiary by which an Employee is employed. |

| “Enrollment Date” | means the first Trading Day of an Offering Period. |

| “Exchange Act” | means the Securities Exchange Act of 1934, as amended. |

| “Fair Market Value” | means, as of any date, the closing trading price for the Common Stock on any given date during regular trading, or if not trading on that date, such price on the last preceding date on which the Common Stock was traded, unless determined otherwise by the Committee using such methods or procedures as it may establish. |

| “Grant Date” | means a date on which an Eligible Employee is granted an option under the Plan pursuant to Article 5. |

| “Grant Price” | means the Fair Market Value of a Share on the Grant Date for such option. |

| “Highly                
 Compensated Employees” | means Eligible Employees who are determined to be highly compensated employees within the meaning of Section 414(q) of the Code. |

| “Offering Period” | means each period, if any, designated by the Committee; provided, that each period shall, in no event end later than twenty-seven (27) months from the Grant Date. The Offering Period may but need not be the same as the Purchase Period, as determined by the Committee. |

| “Participant” | means an Eligible Employee who has enrolled in the Plan pursuant to Article 4. |

| “Plan” | means this Digimarc Corporation Employee Stock Purchase Plan. |

| “Purchase Date” | with respect to a Purchase