Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 53

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 53
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 be purchased upon exercise of any
Option granted under the Plan shall be determined by the Committee; provided, however, that in no event shall the Purchase Price be less
than the Fair Market Value on the Date of Grant. In the case of an Incentive Stock Option granted to a Participant who, on the Date of
Grant owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or its Subsidiaries,
the per share exercise price shall be not less than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock
on the Date of Grant.

(c) Designation of Options. The Committee shall designate, at the time of the grant of each Option, the Option as an Incentive Stock Option
or a Non-Qualified Stock Option.

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(d) Incentive Stock Option Share Limitation. Notwithstanding an Option's designation as an Incentive Stock Option, an Option will qualify
as an Incentive Stock Option under the Code only to the extent the $100,000 limitation of Section 422(d) of the Code is not exceeded.
The $100,000 limitation of Section 422(d) of the Code is calculated based on the aggregate Fair Market Value (measured on the Date of
Grant) of the shares of Common Stock subject to Options designated as Incentive Stock Options which first become exercisable in any one
calendar year (under the Plan or any other plans of the Company and its Subsidiaries). For purposes of this calculation, Incentive
Stock Options shall be taken into account in the order in which they were granted.

(e) Rights As a Stockholder. A Participant or a transferee of an Option pursuant to Section 10.4 shall have no rights as a stockholder
with respect to Common Stock covered by an Option until the Participant or transferee shall have become the holder of record of any such
shares, and no adjustment shall be made for dividends in cash or other property or distributions or other rights with respect to any such
Common Stock for which the record date is prior to the date on which the Participant or a transferee of the Option shall have become the
holder of record of any such shares covered by the Option; provided, however, that Participants are entitled to share adjustments to reflect
capital changes under Section 10.7.

6.2 Stock Appreciation Rights.

(a) Stock Appreciation Right Awards. The Committee is authorized