Company: FTCI
Filing Date: 2025-07-15
Form Type: PRE 14A
Source: 0001193125-25-159376
Chunk: 20

Company: FTC Solar, Inc.
Filing Date: 2025-07-15
Form: PRE 14A
Chunk 20
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 Stock-Based Awards. Other stock-based awards,
valued in whole or in part by reference to, or otherwise based on, shares of our Common Stock (including dividend equivalents) may be granted under the Amended Plan. Any dividend or dividend equivalent awarded under the Amended Plan will be subject
to the same restrictions, conditions and risks of forfeiture as the underlying awards and will only become payable if the underlying awards vest. The plan administrator will determine the terms and conditions of such other stock-based awards,
including the number of shares of our Common Stock to be granted pursuant to such other stock-based awards, the manner in which such other stock-based awards will be settled (e.g., in shares of our Common Stock or cash or other property), and the
conditions to the vesting and payment of such other stock-based awards (including the achievement of performance objectives).

Bonuses
payable in fully vested shares of our Common Stock and awards that are payable solely in cash may also be granted under the Amended Plan.

Performance Criteria. The plan administrator may grant equity-based awards and incentives under the Amended Plan that are subject to
the achievement of performance objectives selected by the plan administrator in its sole discretion. The business criteria may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a percentage increase
or decrease in the particular criteria, and may be applied to us or any of our affiliates, or one of our divisions or strategic business units or a division or strategic business unit of any of our affiliates, or may be applied to our performance
relative to a market index, a group of other companies or a combination thereof, all as determined by the plan administrator. The business criteria may also be subject to a threshold level of performance below which no payment will be made, levels
of performance at which specified payments will be made, and a maximum level of performance above which no additional payment will be made. The plan administrator will have the authority to make equitable adjustments to the business criteria, as may
be determined by the plan administrator in its sole discretion.

Certain Transactions and Withholding Taxes

In the event of a merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase, reorganization, corporate transaction or event, special or extraordinary dividend or other extraordinary distribution (whether in the form of shares of our Common Stock, cash or other
property), stock split, reverse

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stock split, subdivision or consolidation, combination, exchange of shares or other change in corporate structure affecting the shares