Company: OXBRW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001641172-25-022627
Chunk: 11

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 11
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 Company is largely dependent for the successful conduct of its operations and by providing such individuals with incentives to put forth maximum efforts for the long-term success of the Company’s business.

Purpose and Effective Date of the Plan; Effect on Prior Plan

The two complementary purposes of the Plan are (1) to attract, retain, focus and motivate our and our affiliates’ executives and other selected employees, directors, consultants and advisors and (2) to increase shareholder value. The Plan will become effective if approved by our shareholders at the Meeting. If the Company’s shareholders approve the Plan, then the Oxbridge Re Holdings Limited 2021 Omnibus Incentive Plan (the “Prior Plan”) will terminate on the effective date, and no new awards will be granted under the Prior Plan after such date; provided that the Prior Plan will continue to govern awards outstanding as of the date of the Prior Plan’s termination and such awards shall continue in force and effect until fully vested, exercised, distributed or terminated pursuant to their terms.

Outstanding Equity Awards and Available Shares

As of the Record Date, 569,514 of our ordinary shares remained available for future awards under the Prior Plan, 75,000 ordinary shares were subject to outstanding share options under the Prior Plan, with a weighted average exercise price of $2.50 and an average remaining term of 3.75 years, and 355,486 shares were subject to outstanding restricted share awards under the Prior Plan.

As of the Record Date, there were a total of 7,535,922 of our ordinary shares outstanding, and the closing price per share on such date, as reported on The NASDAQ Stock Market, was $2.04.

Summary of the Terms of the Plan

The following is a summary of the material provisions of the Plan, a copy of which is attached hereto as Appendix Band incorporated by reference herein. This summary is qualified in its entirety by reference to the full and complete text of the Plan. Any inconsistencies between this summary and the text of the Plan will be governed by the text of the Plan.

Administration and Eligibility

The Compensation Committee of the Board, or any successor committee with similar authority which the Board may appoint, which in either case consists of not less than two members of the Board who meet the “non-employee director” requirements of Rule 16b-3(b)(3) under the Securities Exchange Act of 1934 (the “Exchange Act”) (either referred to as the “Committee”) will administer the Plan (the “Administrator”). The