Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 228

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 228
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 permit or provide in an award for the gratuitous transfer of the award by the participant to or for the benefit of any immediate family member, family trust or other entity established for the benefit of the participant and/or an immediate family member of the participant if New ONE Nuclear would be eligible to use a Form S-8 under the Securities Act of 1933, as amended for the registration of the sale of the New ONE Nuclear Common Stock subject to such award to the proposed transferee. Further, New ONE Nuclear is not required to recognize any such permitted transfer until such time as the permitted transferee has, as a condition to the transfer, delivered to New ONE Nuclear a written instrument in form and substance satisfactory to New ONE Nuclear confirming that such transferee will be bound by all of the terms and conditions of the award. None of the restrictions described in this paragraph prohibit a transfer from the participant to New ONE Nuclear.

No Rights as a Stockholder; Clawback

No participant or designated beneficiary shall have any rights as a stockholder with respect to any shares of New ONE Nuclear Common Stock to be distributed with respect to an award granted under the Plan until becoming a record holder of such shares, subject to the terms of an award agreement. In accepting an award under the Plan, a participant agrees to be bound by any clawback policy that New ONE Nuclear has in effect or may adopt in the future.

New Plan Benefits

No awards have been previously granted under the Plan as of the date hereof and no awards have been granted under the Plan subject to stockholder approval of the Plan. As the Plan is discretionary, it is not currently possible to determine the amount that may be received by the participants under the Plan at this time.

Administration

The Plan will be administered by a committee of at least three people as the New ONE Nuclear Board may appoint to administer the Plan (the “Plan Committee”) or, if no such Plan Committee has been appointed by the New ONE Nuclear Board or if the New ONE Nuclear Board elects to act as the Plan Committee with respect to any action, the New ONE Nuclear Board. The Plan Committee has the authority to grant awards and to adopt, amend and repeal the administrative rules, guidelines and practices relating to the Plan that it deems advisable and to construe and interpret the provisions of the Plan and any award agreements entered into under the Plan. The Plan Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any award. All actions and decisions by the Plan Committee with respect to the Plan and any