Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 40

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 40
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applicable performance unit award agreement the performance goals and objectives (and the period of time to which such goals and objectives
shall apply) which the holder and/or Company would be required to satisfy before the holder would become entitled to payment, the number
of units awarded to the holder and the dollar value assigned to each such unit. At the time of such award, the Plan Committee may, in
its sole discretion, prescribe additional terms and conditions or restrictions. The holder of a performance unit shall be entitled to
receive a cash payment equal to the dollar value assigned to such unit under the applicable performance unit award agreement if the holder
and/or the Company satisfies (or partially satisfies, if applicable under the applicable performance unit award agreement) the performance
goals and objectives set forth in such performance unit award agreement. If achieved, such payment shall be made no later than by the
fifteenth (15th) day of the third (3rd) calendar month next following the end of the Company’s fiscal year to which such performance
goals and objectives relate, unless otherwise structured to comply with Code Section 409A.

Stock Appreciation Rights.

A SAR provides the participant to whom it is granted
the right to receive, upon its exercise, cash or shares of Common Stock equal to the excess of (A) the fair market value of the number
of shares subject to the SAR on the date of exercise, over (B) the product of the number of shares subject to the SAR multiplied by the
base value for the SAR, as determined by the Plan Committee or the Board of Directors. The Plan Committee shall set forth in the applicable
SAR award agreement the terms and conditions of the SAR, including the base value for the SAR (which shall not be less than the fair market
value of a share on the date of grant), the number of shares subject to the SAR and the period during which the SAR may be exercised and
any other special rules and/or requirements which the Plan Committee imposes on the SAR. No SAR shall be exercisable after the expiration
of ten (10) years from the date of grant. A tandem SAR is a SAR granted in connection with a related option, the exercise of some or all
of which results in termination of the entitlement to purchase some or all of the shares under the related option. If the Plan Committee
grants a SAR which is intended to be a tandem SAR, the tandem SAR shall be granted at the same time as the related option and additional
restrictions apply.

Rec