Company: MITN
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001514281-25-000033
Chunk: 71

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 71
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8. Stock Appreciation Rights .

(a) Grant of SARs . Subject to the terms and conditions of this Plan, a SAR may be granted to an Eligible Person at any time and from time to time as may be determined by the Committee, in its sole discretion. The Committee has complete discretion to determine the number of SARs granted to any Eligible Person. Subject to the provisions of Section 4, the Committee has complete discretion to determine the terms and conditions of SARs granted under this Plan, including the sole discretion to accelerate exercisability at any time, but the exercise price per share of Common Stock that will determine the amount of the payment the Company receives upon exercise of a SAR will not be less than the Fair Market Value per share of Common Stock on the date of grant unless the terms of such SAR comply with Section 409A of the Code.

(b) SAR Agreement . Each SAR grant must be evidenced by an Award Agreement that specifies the exercise price, the term, the conditions of exercise, and such other terms and conditions as the Committee, in its sole discretion, may determine.

(c) Expiration of SARs . A SAR granted under this Plan will expire upon the date determined by the Committee, in its sole discretion, as set forth in the Award Agreement; but no SAR may be exercisable later than ten (10) years after the date of grant. Notwithstanding the foregoing, Sections 7(e)(ii), 7(e)(iii) and 7(e)(iv) also apply to SARs.

(d) Payment of SAR Amount . Upon exercise of a SAR, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying:

(i) The excess of the Fair Market Value of a share of Common Stock on the date of exercise over the exercise price; by

(ii) The number of shares of Common Stock with respect to which the SAR is exercised.

At the sole discretion of the Committee, the payment upon the exercise of a SAR may be in cash, in shares of Common Stock of equivalent value, or in some combination thereof.

9. Restricted Stock and Restricted Stock Units .

(a) Grant of Restricted Stock and Restricted Stock Units . Subject to the terms and provisions of this Plan, the Committee, at any time and from time to time, may grant shares of Common Stock of Restricted Stock and Restricted Stock Units to Eligible Persons in such amounts as the Committee, in its sole discretion, determines.

(b) Award Agreement . Each