Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 78

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 78
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 by the Committee, the Committee
may, in its sole discretion, accelerate the exercisability of any Option, which acceleration shall not affect the terms and conditions
of such Option other than with respect to exercisability. Unless otherwise provided by the Committee in an Award agreement: (i) the unvested
portion of an Option shall expire upon termination of employment or service of the Participant granted the Option, and the vested portion
of such Option shall remain exercisable for (A) one (1) year following termination of employment or service by reason of such Participant’s
death or disability (as determined by the Committee), but not later than the expiration of the Option Period or (B) ninety (90) days following
termination of employment or service for any reason other than such Participant’s death or disability, and other than such Participant’s
termination of employment or service for Cause, but not later than the expiration of the Option Period; and (ii) both the unvested and
the vested portion of an Option shall expire upon the termination of the Participant’s employment or service by the Company for
Cause. If the Option would expire at a time when the exercise of the Option would violate applicable securities laws, the expiration date
applicable to the Option will be automatically extended to a date that is thirty (30) calendar days following the date such exercise would
no longer violate applicable securities laws (so long as such extension shall not violate Section 409A of the Code); provided,
that in no event shall such expiration date be extended beyond the expiration of the Option Period.

(d)Method of Exercise and Form of Payment. No Common Shares shall be delivered pursuant to any exercise of an Option until payment in full
of the Exercise Price therefore is received by the Company and the Participant has paid to the Company an amount equal to any taxes required
to be withheld or paid. Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise
to the Company in accordance with the terms of the Option accompanied by payment of the Exercise Price. The Exercise Price shall be payable
(i) in cash, check, cash equivalent and/or Common Shares valued at the fair market value at the time the Option is exercised (including,
pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of Common Shares in lieu
of actual delivery of such shares to the Company); provided that such Common Shares are not subject to any pledge or other security interest
and are Mature Shares