Company: LIDRW
Filing Date: 2025-04-07
Form Type: DEFC14A
Source: 0001140361-25-012590
Chunk: 72

Company: AEye, Inc.
Filing Date: 2025-04-07
Form: DEFC14A
Chunk 72
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 the Award Agreement) and which qualifies as an incentive stock option within the meaning of Section 422(b) of the Code. (u) “ Incumbent Director” means a director who either (i) is a member of the Board as of the Effective Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but excluding a director who was elected or nominated in connection with an actual or threatened proxy contest relating to the election of directors of the Company). (v) “ Insider” means an Officer, a Director or other person whose transactions in Stock are subject to Section 16 of the Exchange Act. (w) “ Net Exercise” means a Net Exercise as defined in Section 6.3(b)(iii). (x) “ Nonemployee Director” means a Director who is not an Employee. (y) “ Nonemployee Director Award” means any Award granted to a Nonemployee Director. (z) “ Nonstatutory Stock Option” means an Option not intended to be (as set forth in the Award Agreement) or which does not qualify as an incentive stock option within the meaning of Section 422(b) of the Code. (aa) “ Officer” means any person designated by the Board as an officer of the Company. (bb) “ Option” means an Incentive Stock Option or a Nonstatutory Stock Option granted pursuant to the Plan. (cc) “ Other Stock-Based Award” means an Award denominated in shares of Stock and granted pursuant to Section 11. (dd) “ Ownership Change Event” means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company). (ee) “ Parent Corporation” means any present or future “parent corporation” of the Company, as defined in Section 424(e) of the Code. (ff) “ Participant” means any eligible person who has