Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 260

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 260
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 of directors. This program will be terminated upon the completion of the Merger and options or restricted stock units will be awarded by the Compensation Committee going forward. Cash Compensation.Under such program, we currently pay each non -employeedirector a cash fee, payable quarterly, of $4,167 per month for service on our pre -Mergerboard of directors. Equity Awards.Each non -employeedirector currently receive a one -timeinitial stock option award for 161,290shares of our common stock, which options shall vest in arrears in during the one -yearperiod commencing June 18, 2024. Each non -employeedirector shall also be eligible to receive grants of stock options, each in an amount designated by the compensation committee of our board of directors, from any equity compensation plan approved by the compensation committee of our Board. In addition to such compensation, we reimburse each non -employeedirector for all pre -approvedexpenses within 30 days of receiving satisfactory written documentation setting out the expense actually incurred by such director. These include reasonable transportation and lodging costs incurred for attendance at any meeting of our board of directors. Our board of directors reviews our current director compensation policy and determine if any changes to such policy are desired or required.

160 Pension Benefits Lyneer’s 401(k) benefit plan was adopted upon the completion of the Lyneer Merger. Nonqualified Deferred Compensation We do not have any non -qualifieddefined contribution plans or other deferred compensation plans. Limitation of Liability and Indemnification Matters Our amended and restated certificate of incorporation limits the liability of our directors for monetary damages for breach of their fiduciary duties, except for liability that cannot be eliminated under the Delaware General Corporation Law (“DGCL”). Consequently, our directors will not be personally liable for monetary damages for breach of their fiduciary duties as directors, except liability for any of the following: •any breach of their duty of loyalty to us or our stockholders; •acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law; •unlawful payments of dividends or unlawful stock repurchases, or redemptions as provided in Section 174 of the DGCL; or •any transaction from which the director derived an improper personal benefit. Our amended and restated bylaws also provide that we will indemnify our directors and executive officers and may indemnify our other officers and employees and other agents to the fullest extent permitted by law. Our amended and restated bylaws also permit