Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 47

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 47
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 features that reflect compensation and governance best practices, with some of the key features as follows:</div>

| ● | Limitations on Individual Grants. The maximum number of shares with respect to which an award                                          
 or awards may be granted to any participant in any one taxable year of the Company may not exceed shares having a Fair Market Value on 
 the Grant Date $7,850,000 (or $1,177,500 with respect to a non-employee trustee), subject to certain adjustments discussed below.      |

| ● | Limitation on Terms of Share Options and Share Appreciation Rights. The maximum term of each 
 share option and share appreciation right is ten years.                                      |

| ● | No Repricings or Cash Buyout of Share Options or Share Appreciation Rights. Without shareholder                                           
 approval, we may not amend any share option or share appreciation right to reduce the exercise price or replace any share option or share 
 appreciation right with cash or any other award when the price per share of the share option or share appreciation rights exceeds the     
 fair market value of the underlying shares, in each case except as discussed below.                                                       |

| ● | No In-the-Money Share Option or Share Appreciation Right Grants. Share options and                                                      
 share appreciation rights may not be granted with an exercise or base price less than the fair market value of our common shares on the 
 date of grant.                                                                                                                          |

| ● | Limitation on Share Counting. Shares                                                                                                      
 previously subject to awards under the 2022 Amended Plan that are used to satisfy the exercise price or tax withholding                   
 obligations with respect to such awards or any shares covered by share appreciation                                                       
 rights that were not issued upon the settlement of such awards may not be reissued pursuant to future awards under the 2022 Amended Plan. |

| ● | Independent Administration. The Compensation Committee, which consists of non-employee trustees, 
 generally administers the 2022 Amended Plan.                                                     |

| 56 |

| ● | No reload options. The 2022 Amended Plan does not provide for the granting of additional share 
 options upon the exercise of previously issued options.                                        |

| ● | No evergreen funding. The 2022 Amended Plan does not provide for awards to be automatically granted 
 every year.                                                                                         |

| ● | No excise tax gross-ups. The 2022 Amended Plan does not provide for a “gross-up” payment                                                 
 to cover the excise taxes imposed by Section 4999