Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 77

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 77
---
 April 1, 2022 (the “Committee Approval Date”), LXP Industrial Trust (the “Company”) hereby establishes this equity-based incentive compensation plan to be known as the “LXP Industrial Trust 2022 Equity-Based Award Plan” (the “Plan”). The Plan was established for the following purposes: (i) to enhance the Company’s ability to attract highly qualified personnel; (ii) to strengthen its retention capabilities; (iii) to enhance the long-term performance and competitiveness of the Company; and (iv) to ensure that the interests of Plan participants align with those of the Company’s shareholders. This Plan is intended to achieve such purposes and to serve as the sole source for all future equity-based awards to those eligible for Plan participation. (b) Effective Date. This Plan shall become effective on the date (the “ Effective Date”) upon which it has received approval by a vote of a majority of the votes cast at a duly held meeting of the Company’s shareholders (or by such other shareholder vote that the Committee determines to be sufficient for the issuance of Shares and Awards according to the Company’s governing documents and Applicable Law). (c) Definitions. Terms used herein and in Appendix Ithat begin with an initial capital letter shall have the meanings set forth in Appendix Ior elsewhere in this Plan, unless the context of their use clearly indicates a different meaning. (d) Effect on Other Plans, Awards, and Arrangements. This Plan is not intended to affect, and shall not affect, any share options, equity-based compensation, or other benefits that the Company or its Affiliates may have provided, or may provide in the future, pursuant to any agreement, plan, or program that is independent of this Plan. For example, changes in this Plan from the Company’s Amended and Restated 2011 Equity-Based Award Plan (the “ 2011 Plan” do not affect any awards granted under the 2011 Plan. 2. Types of Awards.The Plan permits, but does not require, the granting of the following types of Awards according to the Sections of the Plan listed below:</div>

| Section 5 | Share Options                                                |
| Section 6 | Shares Appreciation Rights (“SARs”) Restricted               
 Share, Restricted Share Unit (“RSUs”) and Unrestricted Share |
| Section 7 | Awards                                                       |
| Section 8 | Performance Awards                                           |
| Section 9 | Dividends Equivalent Rights                                  |

| 3. | Shares Available for Awards. |

<div align='