Company: INDP
Filing Date: 2025-04-17
Form Type: PRE 14A
Source: 0001641172-25-005234
Chunk: 58

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-04-17
Form: PRE 14A
Chunk 58
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 Units. The plan administrator may award restricted stock and RSUs under the 2021 Plan. Restricted stock awards
consist of shares of stock that are transferred to the participant subject to restrictions that may result in forfeiture if specified
vesting conditions are not satisfied. RSU awards result in the transfer of shares of stock to the participant only after specified vesting
conditions are satisfied. A holder of restricted stock is treated as a current shareholder and shall be entitled to dividend and voting
rights, whereas the holder of a restricted stock unit is treated as a shareholder with respect to the award only when the shares are
delivered in the future. RSUs may include dividend equivalents. Specified vesting conditions may include performance goals to be achieved
during any performance period and the length of the performance period. The plan administrator may, in its discretion, make adjustments
to performance goals based on certain changes in the company business operations, corporate or capital structure or other circumstances.
When the participant satisfies the conditions of an RSU award, the Company may settle the award (including any related dividend equivalent
rights) in shares, cash or other property, as determined by the plan administrator, in its sole discretion. The 2021 Plan also allows
for the issuance of unrestricted shares, which are fully vested shares of our common stock.

Awards to Israeli Participants. The ITO provides certain incentives to Israeli grantees that are granted with equity awards under the capital gains
track of Section 102 of the ITO (“Section 102”). To the extent all conditions set forth in Section 102 are met, grantees
that were granted with awards under Section 102 shall be (i) entitled to a reduced capital gains tax rate (which is currently 25% plus
surcharge of 3% if applicable) rather than ordinary income tax rates (which are up to 47%, plus social security taxes and surcharge,
if applicable), and (ii) required to pay such tax upon the earlier of the sale of such awards and the release of such awards from trust
(one of Section 102 conditions is to keep the granted awards in trust), in each case after the end of a statutory holding period (24
months in the capital gains track). The plan administrator may award to Israeli participants awards under the capital gains track of
Section 102.

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Other Shares or Share-Based Awards. The plan administrator may grant other forms of equity-based or equity-related awards other than stock options, restricted
stock or restricted stock units.