Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1431

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1431
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11. EXECUTIVE COMPENSATION

Overview

We
are currently considered a “smaller reporting company” for purposes of the SEC’s executive compensation and other disclosure
rules. In accordance with such rules, we are required to provide a Summary Compensation Table and an Outstanding Equity Awards at Fiscal
Year End Table, as well as limited narrative disclosures.

Our policies with respect to the compensation of our executive officers
are administered by the board of directors our Compensation Committee. The compensation policies we follow are designed to provide for
compensation that is sufficient to attract, motivate and retain executives and to establish an appropriate relationship between executive
compensation and the creation of shareholder value. In addition to the guidance provided by the compensation committee, the board of directors
may utilize the services of third parties from time to time in connection with the recruiting, hiring and determination of compensation
awarded to executive employees.

Financial
Restatement

It
is a policy of our Board that the Compensation Committee will, to the extent permitted by governing law, have the sole and absolute authority
to make retroactive adjustments to any cash or equity-based incentive compensation paid to executive officers and certain other officers
where the payment was predicated upon the achievement of certain financial results that were subsequently the subject of a restatement.
Where applicable, the Company will seek to recover any amount determined to have been inappropriately received by the individual executive.

Clawback
Policy

We have adopted a Compensation Recovery Policy in accordance with applicable
Nasdaq rules, a copy of which is filed as the Exhibit 97.1 to this Annual Report. It is generally our policy that the Company will recoup
any incentive compensation erroneously awarded to any current or former executive officers due to material noncompliance with any financial
reporting requirement under applicable securities laws during the three completed fiscal years immediately preceding the date the Company
determines that an accounting restatement is required.

Policies and Practices Related to the Grant
of Certain Equity Awards Close in Time to the Release of Material Non-Public Information

The Company does not maintain a policy on the timing
of awards of options in relation to the disclosure of material nonpublic information. Our board and compensation committee did not take
into account any material nonpublic information in determining the timing of the equity awards made to our NEOs in 2024. We did not time
the disclosure of material nonpublic information for the purpose of affecting the value of our executive compensation in 2024.

Summary
Compensation

We
have