Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 507

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 507
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 2017 Plan is administered by the PlusAI Board. The PlusAI Board has full authority and discretion to take any actions it deems necessary or advisable for the administration of the 2017 Plan. This includes, subject to the terms of the 2017 Plan, without limitation, that the PlusAI Board may modify, extend or assume outstanding options or may accept the cancellation of outstanding options in return for the grant of new options or a different type of award for the same or a different number of Shares and at the same or a different exercise price (if applicable). PlusAI may also offer to buy out an option granted under the 2017 Plan for a payment in cash or Shares or buy out any Share purchase right awarded under the 2017 Plan for a payment in cash, in each case on such terms and conditions as determined by PlusAI. All decisions, interpretations, and other actions of the administrator will be final and binding on all award holders and all persons deriving their rights from an award holder.

The PlusAI Board may delegate its authority to a committee of one or more members of the PlusAI Board who have been appointed by the PlusAI Board and may appoint one or more independent third-party contractors or other parties to assist with the administration of the 2017 Plan. All decisions, interpretations, and other actions of the PlusAI Board or any such designated committee will be final and binding on all beneficiaries of the 2017 Plan. The PlusAI Board and any such designated committee are referred to as the “administrator” for purposes of this plan description.

Eligibility. Employees, non-employee directors and consultants of PlusAI and employees and consultants of its subsidiaries are eligible to receive awards under the 2017 Plan.

Options. The 2017 Plan permits the grant of options.

The term of each option is the term stated in the applicable option agreement, provided that no term may be more than 10 years from the date of grant.

The per share exercise price of each option granted under the 2017 Plan is set at a price determined by the administrator that is set forth in the applicable option agreement. The 2017 Plan provides that the exercise price of an option may not be less than the fair market value of an underlying share on the date of grant, and in no circumstances less than the par value of a share.

The material terms of an option granted under the 2017 Plan are stated in the applicable award agreement, including the terms of vesting and exercisability, method of exercise, acceptable forms