Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 95

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 95
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 be diminished or affected because any rights to purchase Shares have been granted to such Employee. |

| 13.10. | Rights as Shareholder.  No Participant shall have any rights as shareholder unless and until Shares have been issued to him or her. |

| 13.11. | Governmental Regulation.  The Company’s obligation to sell and deliver Shares under the Plan is subject to the approval of any governmental authority required in connection with the authorization, issuance, or sale of such Shares. |

| 13.12. | Gender.  When used herein, masculine terms shall be deemed to include the feminine, except when the context indicates to the contrary. |

| 13.13. | Condition for Participation.  As a condition to participation in the Plan, Eligible Employees agree to be bound by the terms of the Plan (including, without limitation, the notification and holding requirements of Section 7.5) and the determinations of the Committee. |

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APPENDIX I
DEFINITIONS</div>

| “Account” | means a recordkeeping account maintained for a Participant to which Participant contributions and payroll deductions, if applicable, shall be credited. |

| “Board” | means the Board of Directors of the Company. |

| “Code” | means the Internal Revenue Code of 1986, as amended. |

| “Committee” | means the Compensation and Talent Management Committee or any other committee appointed by the Board to administer the Plan. |

| “Common Stock” | means the Common Stock of the Company. |

| “Company” | means Digimarc Corporation, an Oregon corporation. |

| “Compensation” | means unless otherwise determined by the Committee, an Eligible Employee’s base salary, excluding other cash payments for commissions, overtime, bonuses, annual awards, and other cash incentive payments from the Company or a Designated Subsidiary, but including such amounts as are deferred by the Eligible Employee (i) under a qualified cash or deferred arrangement described in Section 401(k) of the Code, or (ii) to a plan qualified under Section 125 of the Code. Unless otherwise determined by the Committee, Compensation also does not include reimbursements or other expense allowances, fringe benefits (cash or noncash), moving expenses, equity compensation, deferred compensation, severance pay, contributions (other than contributions described in the first sentence) made on the Employee’s behalf by the Company or a Designated Subsidiary under any employee benefit or welfare