Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 58

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 58
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'>ARTICLE VII

RESTRICTED SHARES AND RESTRICTED STOCK UNITS</div>

7.1 Award of Restricted Stock and Restricted Stock Units. The Committee may grant to any Participant an Award of Restricted Shares consisting of
a specified number of shares of Common Stock issued to the Participant subject to such terms, conditions and forfeiture and transfer restrictions,
whether based on performance standards, periods of service, retention by the Participant of ownership of specified shares of Common Stock
or other criteria, as the Committee shall establish. The Committee may also grant Restricted Stock Units representing the right to receive
shares of Common Stock in the future subject to such terms, conditions and restrictions, whether based on performance standards, periods
of service, retention by the Participant of ownership of specified shares of Common Stock or other criteria, as the Committee shall establish.
With respect to performance-based Awards of Restricted Shares or Restricted Stock Units intended to qualify as "performance-based"
compensation for purposes of Section 162(m) of the Code, performance targets will consist of specified levels of one or more of the
Performance Goals. The terms of any Restricted Share and Restricted Stock Unit Awards granted under the Plan shall be set forth in an
Award Agreement which shall contain provisions determined by the Committee and not inconsistent with the Plan.

7.2 Restricted Shares.

(a) Issuance of Restricted Shares. As soon as practicable after the Date of Grant of a Restricted Share Award by the Committee, the Company
shall cause to be transferred on the books of the Company, or its agent, Common Stock, registered on behalf of the Participant, evidencing
the Restricted Shares covered by the Award, but subject to forfeiture to the Company as of the Date of Grant if an Award Agreement with
respect to the Restricted Shares covered by the Award is not duly executed by the Participant and timely returned to the Company. All
Common Stock covered by Awards under this Article VII shall be subject to the restrictions, terms and conditions contained in the
Plan and the Award Agreement entered into by the Participant. Until the lapse or release of all restrictions applicable to an Award of
Restricted Shares, the share certificates representing such Restricted Shares may be held in custody by the Company, its designee, or,
if the certificates bear a restrictive legend, by the Participant. Upon the lapse or release of all restrictions with respect to an Award
as described in Section 7.2(d), one or more share certificates, registered in the name of the Participant, for an appropriate number
of shares as provided in Section 7.