Company: VGASW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001628280-25-020032
Chunk: 42

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 42
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31, 2024. The incentive units represent profits interests in Holdings, our parent company prior to the closing of the Business Combination, and, while we believe the incentive units are most analogous to the stock option awards held by the NEOs, the incentive units are not traditional options; therefore, there is no exercise price or option expiration date associated therewith.

(b) Reflects the 2024 Miller Option Award with respect to Mr. Miller and the 2024 Doyle Option Award with respect to Mr. Doyle, and such awards vest in equal annual installments on each of the first four anniversaries of the grant date , subject to such NEO’s continued employment through the applicable vesting date, to be accelerated upon a change of control (as defined in the Plan).

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(c) Reflects the stock options granted in 2023 to Messrs. Miller and Doyle and such awards vest in equal annual installments on each of the first four anniversaries of the grant date , subject to such NEO’s continued employment through the applicable vesting date, to be accelerated upon a change of control, but are not exercisable until April 15, 2027.

(d) Upon the closing of the Business Combination all incentive units held by Mr. Miller and Mr. Doyle were fully vested. See “ Certain Relationships and Related Party Transactions – Compensation Payable by Holdings to Two of Our Named Executive Officers ” for additional information on these awards.

(e) Reflects the 2024 Burdette Option Award with respect to Mr. Burdette, and such award vests 25% on May 29, 2025 and 25% on each of the first, second and third anniversaries of May 29, 2025, subject to Mr. Burdette’s continued employment through the applicable vesting date, to be accelerated upon a change of control.

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### CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
The Audit Committee Charter provides for the review, approval and/or ratification by the Audit Committee of “related party transactions,” which are those transactions required to be disclosed pursuant to Item 404 of Regulation S-K as promulgated by the SEC. The Audit Committee shall be provided with the details of each new, existing, or proposed related party transaction, including the terms of the transaction, any contractual restrictions that the Company has already committed to, the business purpose of the transaction, and the benefits of the transaction to the