Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 390

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 390
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 common stock, cashless exercise, or net exercise, as well as other types of consideration permitted by applicable law. After the cessation of service, the participant may exercise his or her option for the period of time stated in his or her option agreement. In the absence of a specified time in an award agreement, if such cessation is due to death or disability, the option will remain exercisable for six months. In all other cases, in the absence of a specified time in an award agreement, the option will remain exercisable for three months following the cessation of service. An option, however, may not be exercised later than the expiration of its term. Until shares are issued under an option, the participant will not have any right to vote or receive dividends or have any other rights as a stockholder with respect to such shares, and no adjustment will be made for a dividend or other right for which the record date is before the date such shares are issued, except as provided in the Incentive Plan, as summarized further above.

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Stock Appreciation Rights

Stock appreciation rights may be granted under the Incentive Plan, whether alone or in connection with an option granted under the Incentive Plan. Generally, stock appreciation rights allow the recipient to receive the appreciation, in the fair market value of Post-Closing Company Class A common stock over the exercise price of the underlying shares, between the exercise date and the date of grant. The term of a stock appreciation right granted under the Incentive Plan may not exceed 10 years. After the cessation of service, the participant may exercise his or her stock appreciation right for the period of time stated in his or her stock appreciation rights agreement. In the absence of a specified time in an award agreement, if such cessation is due to death or disability, the stock appreciation rights will remain exercisable for six months following the cessation of service. In all other cases, in the absence of a specified time in an award agreement, the stock appreciation rights will remain exercisable for three months following the cessation of service. However, in no event may a stock appreciation right be exercised later than the expiration of its term. Subject to the provisions of the Incentive Plan, the administrator determines the terms of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with shares of Post-Closing Company Class A common stock, or a combination of both, except that the per-share exercise price for the shares to be issued pursuant to