Company: CXAI
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001829126-25-002762
Chunk: 52

Company: CXApp Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 52
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 under the applicable award agreement or other written agreement between the participant
and us or any parent or subsidiary. Additionally, in the event an option or stock appreciation right (or portions thereof) is not assumed
or substituted for in the event of a merger or change in control, the administrator will notify each participant in writing or electronically
that the option or stock appreciation right (or its applicable portion), as applicable, will be exercisable for a period of time determined
by the administrator in its sole discretion, and the option or stock appreciation right (or its applicable portion), as applicable, will
terminate upon the expiration of such period.

With respect to awards granted
to an outside director, in the event of a change in control, the outside director’s options and stock appreciation rights, if any,
will vest fully and become immediately exercisable, all restrictions on his or her restricted stock and RSUs will lapse, and, with respect
to awards with performance-based vesting, all performance goals or other vesting requirements for his or her performance shares and units
will be deemed achieved at 100% of target levels and all other terms and conditions met, in all cases, unless otherwise specifically provided
for under the applicable award agreement or other written agreement between the participant and us or any parent or subsidiary.

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Clawback. Awards
will be subject to any Company clawback policy and the administrator may also specify in an award agreement that the participant’s
rights, payments and benefits with respect to an award will be subject to reduction, cancellation, forfeiture, recoupment, reimbursement
or reacquisition upon the occurrence of certain specified events. The administrator may require a participant to forfeit, return or reimburse
the Company all or a portion of the award and any amounts paid under the award pursuant to the terms of the clawback policy or applicable
laws. In November 2023, our Board adopted a clawback policy that complies with Section 10D of the Exchange Act, Rule 10D-1 promulgated
thereunder, and Nasdaq Listing Rule 5608. A copy of the clawback policy has been filed as an exhibit to our Annual Report on Form 10-K
for the year ended December 31, 2024, which was filed with the SEC on April 7, 2025.

No Repricing.
Except in connection with certain corporate transaction involving the Company, the Company may not, without obtaining stockholder approval,
(i) amend the terms