Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 399

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 399
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 THE PROVISIONS OF THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE, OR NON-U.S. JURISDICTION IN WHICH THE PARTICIPANT MAY RESIDE.

Plan Benefits

The number of awards that an employee, director, or consultant may receive under the Incentive Plan is in the discretion of the administrator and therefore cannot be determined in advance. Individuals who will be executive officers and non-employee directors of the Post-Closing Company have an interest in this proposal because they are eligible to receive awards under the Incentive Plan. In addition, the Merger Agreement provides that following the effectiveness of the Incentive Plan, a number of the shares of Post-Closing Company Class A common stock will be

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used for the grant of RSUs to service providers selected by PlusAI from among the individuals who had been service providers of PlusAI as of immediately prior to the Effective Time, and who continue to be service providers through the date of grant of such RSUs (such share pool, the “Post-Closing RSU Pool”). The Merger Agreement provides that the Post-Closing Company RSUs granted using the Post-Closing RSU Pool will vest upon the occurrence of, and in proportion with, Earnout Triggering Event I, Earnout Triggering Event II, or Earnout Triggering Event III, if and as applicable, during the Earnout Period, subject to the recipient’s continued service through the date of the applicable Earnout Triggering Event. The RSUs granted from the Post-Closing RSU Pool will be subject to such other terms and conditions as approved following the Closing by the administrator and set forth in individual award agreements including, without limitation, applicable time-based vesting conditions that may continue after the occurrence of any applicable Earnout Triggering Event. Each of the PlusAI directors and executive officers may be eligible to receive such Post-Closing Company RSUs granted under the Incentive Plan using the Post-Closing RSU Pool, to the extent they are selected by PlusAI to receive such awards and subject to their continued service through the date of grant of such RSUs. No determinations have yet been made by the PlusAI Board regarding any such recipients of RSU grants using the Post-Closing RSU Pool and accordingly, the PlusAI directors and executive officers who may receive such RSU grants currently is not determinable.

We have not previously sponsored an equity incentive plan, and, therefore, the number of shares which would