Company: CXAI
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001829126-25-002441
Chunk: 47

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 47
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 the Incentive Plan will equal 5,676,000 shares of common stock. Subject to the
adjustment provisions of the Incentive Plan, the number of shares of common stock available for issuance under the Incentive Plan will
also include an annual increase on the first day of each fiscal year beginning with the first fiscal year following stockholder approval
of the Incentive Plan and ending on (and including) our 2034 fiscal year, in an amount equal to the lesser of: (i) 15% of the total outstanding
shares of common stock on the last day of the immediately preceding fiscal year; or (ii) such number of shares of common stock as determined
by the administrator of the Incentive Plan. As of the record date, the closing price of common stock was $0.81 per share.

If an award granted under
the Incentive Plan expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an exchange program
or, with respect to restricted stock, RSUs, performance units or performance shares, is forfeited to, or repurchased by, us due to
failure to vest, then the unpurchased shares (or for awards other than stock options or stock appreciation rights, the forfeited or repurchased
shares) which were subject thereto will become available for future grant or sale under the Incentive Plan (unless the Incentive Plan
has terminated). With respect to stock appreciation rights, only the net shares actually issued will cease to be available under the Incentive
Plan and all remaining shares under stock appreciation rights will remain available for future grant or sale under the Incentive Plan
(unless the Incentive Plan has terminated). Shares that actually have been issued under the Incentive Plan under any award will not be
returned to the Incentive Plan; , , that if shares issued pursuant to awards of restricted stock, RSUs, performance
shares or performance units are repurchased by, or forfeited to, us due to failure to vest, such shares will become available for
future grant under the Incentive Plan. Shares used to pay the exercise price of an award or to satisfy the tax withholding obligations
related to an award will become available for future grant or sale under the Incentive Plan. To the extent an award is paid out in cash
rather than shares, the cash payment will not result in a reduction in the number of shares available for issuance under the Incentive