Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 514

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 514
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 other action may result in, among other changes, an exercise or base price that is higher or lower than the exercise or base price of the original or prior option, provide for a greater or lesser number of Shares subject to the option, or provide for a longer or shorter vesting or exercise period.

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The 2021 Plan generally provides that options will remain outstanding for 12 months following termination of a grantee’s service by reason of death or total disability, or otherwise three months following termination of a grantee’s service, provided that options will immediately terminate on a grantee’s termination of service for cause (as defined in the 2021 Plan).

Share Awards. The 2021 Plan permits the grant of share awards of restricted stock and unrestricted stock. The material terms of a share award will be set forth in the applicable award agreement, including terms relating to the vesting of share awards and whether the shares are voting or non-voting, as set forth in the applicable award agreement.

Share awards of restricted stock may be awarded for a purchase price, which may be paid with past services rendered as part or all of the consideration, as determined by the administrator, but in no event will such price be less than par value. Unless otherwise provided in an award agreement, holders of restricted stock have the right to vote and receive dividends and distributions in respect of restricted shares, subject to any additional terms determined by the administrator. A share award will either vest or be repurchased by PlusAI as provided in the 2021 Plan not more than 10 years after the date of grant. Each share award will be subject to earlier termination as provided in 2021 Plan. Upon a grantee’s termination of service, restricted stock that has not vested will be reacquired by PlusAI in accordance with the terms set by the administrator pursuant to the 2021 Plan.

Restricted Stock Units. The 2021 Plan permits the grant of restricted stock units. The material terms of an award of restricted stock units will be set forth in the applicable award agreement, including terms relating to the vesting and settlement of restricted stock unit awards.

The administrator will determine the vesting and settlement provisions of each restricted stock unit, which may be based on performance criteria, passage of time or other factors or combination of factors, which provisions will be set forth in the applicable award agreement. Each restricted stock unit that vests in accordance with its terms will be settled for the designated number of Shares as provided in the award agreement, subject to