Company: IXHL
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001213900-25-036057
Chunk: 44

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 44
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 •Nonqualified stock options (“NSOs”); •Restricted stock; •Restricted stock units (“RSUs”); 24 •Stock bonus awards; and •Performance awards. An individual who has received one or more Awards under the Amended 2023 Plan is referred to in this summary as a “ participant.” A brief description of each award type follows. • ISOs and NSOs. Stock options provide for the purchase of shares in the future at an exercise price set by the Committee on the grant date. ISOs are stock options that by their terms qualify for, and are intended to qualify for, favorable U.S. federal tax treatment. NSOs are stock options that by their terms either do not qualify for or are not intended to qualify as ISOs. The Company may grant ISOs only to employees of the Company or a subsidiary at the time of grant. The exercise price of each NSO will be determined by the Committee in its discretion but must be at least 100% of the fair market value of the shares on the grant date or otherwise compliant with Section 409A of the Code. The exercise price of an ISO must be at least 100% of the fair market value of the shares on the grant date (or 110% of the fair market value in the case of an ISO issued to a 10% stockholder), except with respect to certain substitute options granted in connection with a corporate transaction. Stock options will not be exercisable after the expiration of 10 years from the date of grant (or 5 years, in the case of an ISO issued to a 10% stockholder). • SARs. SARs entitle the participant, upon exercise, to receive an amount equal to the appreciation of the shares subject to the Award between the grant date and the exercise date. The exercise price of a SAR will not be less than 100% of the fair market value of the underlying Share on the grant date (except with respect to certain substitute SARs granted in connection with a corporate transaction). SARs will not be exercisable after the expiration of 10 years from the grant date. • Restricted stock and RSUs. Restricted stock is an award of nontransferable shares that remain forfeitable unless and until specified conditions are met, and which may be subject to a purchase price. RSUs are contractual promises to pay cash or deliver shares in the future, which may also remain forfeitable unless and until specified conditions are met. Delivery of the shares underlying RSUs may be deferred under the terms of the