Company: ANY
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001628280-25-015485
Chunk: 32

Company: Sphere 3D Corp.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 32
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 full text of the 2025 Plan which appears as Appendix A to this Proxy Statement.

Purpose . The purpose of the 2025 Plan is to promote the success of the Company and the interests of our shareholders by providing an additional means for us to attract, motivate, retain and reward selected employees and other eligible persons through the grant of awards. Equity-based awards are also intended to further align the interests of award recipients with that of our shareholders.

Administration . The Board or one or more committees appointed by the Board (in the manner and on the terms authorized by the Board) administers the 2025 Plan. Any such committee shall be comprised solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another committee so constituted, to the extent permitted by applicable laws (the appropriate acting body, be it the Board, a committee within its delegated authority, or an officer within his or her delegated authority, is referred to in this proposal as the “ Administrator ”).

Subject to the express provisions of the 2025 Plan and applicable laws, the Administrator has broad authority under the 2025 Plan, including, without limitation, the authority:

1. to select eligible participants and determine the type(s) of award(s) that they are to receive;

2. to grant awards and determine the terms and conditions of awards, including the price (if any) to be paid for the shares or the award and, in the case of share-based awards, the number of shares to be offered or awarded;

3. to determine any applicable vesting and exercise conditions for awards (including any applicable performance-based vesting or exercisability conditions) and the extent to which such conditions have been satisfied, or determine that no delayed vesting or exercise is required, and to accelerate or extend the vesting or exercisability or extend the term of any or all outstanding awards;

4. to cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding awards, subject to any required consents;

5. subject to the other provisions of the 2025 Plan, to make certain adjustments to an outstanding award and to authorize the conversion, succession, or substitution of an award;

6. to determine the method of payment of any purchase price for an award or Company common shares delivered under the 2025 Plan, as well as any tax-related items with respect to an award, which may be in the