Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 67

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 67
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 Date ” means the date on which the Plan becomes effective as set forth in Section 12. (r) “ Employee ” means any employee of the Company or any Related Entity. (s) “ Exchange Act ” means the Securities Exchange Act of 1934, and the rules and regulations promulgated thereunder. (t) “ Fair Market Value ” means, as of any date, the value of a Share determined as follows: A-3 (i) if the Shares are listed on one or more established stock exchanges or national market systems, the closing sales price during regular trading hours for a Share (or the closing bid, if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported); (ii) if the Shares are regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities dealer, the closing sales price for a Share as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported, the Fair Market Value shall be the mean between the high bid and low asked prices for a Share on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported); or (iii) in the absence of an established market for the Shares of the type described in (i) and (ii) above, the Fair Market Value shall be determined by the Committee in good faith and in a manner consistent with Applicable Laws. (u) “ Incentive Stock Option ” means any Option designated and qualified as an incentive stock option within the meaning of Section 422 of the Code. (v) “ Non-Qualified Stock Option ” means any Option that is not an Incentive Stock Option. (w) “ Option ” means an option to purchase Shares granted under the Plan. (x) “ Other Award ” means an entitlement to Shares or cash (other than an Option, SAR, Dividend Equivalent Right, Restricted Stock, or Restricted Stock Unit) granted under the Plan that may or may not be subject to restrictions upon issuance, as established by the Committee, including, without limitation, unrestricted Shares and deferred stock units. (y) “ Parent ” means a “parent corporation,” whether now or hereafter existing