Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 438

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 438
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 the “Conversion Shares”), then on the next following January1, the aggregate number of ordinary shares will automatically increase in an amount equal to the greater of (i) 5% of the total number of ordinary shares outstanding on the Determination Date and (ii) 10% of the total number of such Conversion Shares; provided further, however, that the Board may act prior to January 1 stof a given year to provide that the increase for such year will be a lesser number of shares of Stock. No more than 10% of the total number of ordinary shares issued and outstanding as of immediately following the consummation of the business combination in the aggregate may be issued under the Plan in connection with incentive stock options. Shares shall be deemed to have been issued under the Plan solely to the extent actually issued and delivered pursuant to an award. If any award granted under the Plan expires, is cancelled, or terminates unexercised or is forfeited, the number of shares subject thereto is again available for grant under the Plan. The Plan shall continue in effect, unless sooner terminated, until the tenth (10 th) anniversary of the date on which it is adopted by the board of directors. The board of directors in its discretion may terminate the Plan at any time with respect to any shares for which awards have not theretofore been granted; provided, however, that the Plan’s termination shall not materially and adversely impair the rights of a holder, without the consent of the holder, with respect to any award previously granted. 251 Director Compensation.Any compensation for directors must be determined in accordance with Dutch law and with due observance of the Company’s remuneration policy as adopted by the general meeting of the Company at the proposal of the board. Any proposal with respect to remuneration schemes in the form of shares or rights to subscribe for shares shall be submitted by the board to the general meeting of the Company for its approval. Such proposal shall state at least the maximum number of shares or rights to subscribe for shares that may be granted to directors and the criteria for making or amending such grants. Future new hires and additional non -employeedirectors and/or consultants would be eligible to participate in the Plan as well. The number of stock options and/or shares of restricted or performance share units to be granted to executives and directors cannot be determined at this time as the grant of stock options and/or shares of restricted or performance share units is dependent upon various factors such as hiring requirements and job performance. Stock Options.The Plan provides for