Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 13

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9
Chunk 13
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 the grant date. Vesting cease upon termination
of employment and exercise rights cease shortly after termination of employment. Prior to the exercise of a stock option, the holder
has no rights as a stockholder with respect to the shares subject to such option, including voting rights or the right to receive dividends
or dividend equivalents.

We
have granted, and going forward expect to grant, stock options with exercise prices that are set at no less than the fair value of shares
of our common stock on the date of grant as determined by our Board of Directors.

Benefits
and Other Compensation

We
believe that establishing competitive benefit packages for our employees is an important factor in attracting and retaining highly qualified
personnel. We expect to maintain broad-based benefits that are provided to all employees, including health and dental insurance, life
and disability insurance. All of our executives are eligible to participate in all of our employee benefit plans, in each case on the
same basis as other employees.

In
certain circumstances, we award cash signing bonuses or may reimburse relocation expenses when executives first join us. Whether a signing
bonus is paid or relocation expenses are reimbursed, and the amount of either such benefit, is determined by our Board of Directors on
a case-by-case basis based on the specific hiring circumstances and the recommendation of our chief executive officer.

Severance
and Change in Control Benefits

Pursuant
to agreements we expect to enter into with certain of our executives, these executives will be entitled to specified benefits in the
event of the termination of their employment under specified circumstances, including termination following a change in control of our
company.

We
believe providing these benefits helps us compete for executive talent. Based on the substantial business experience of the members of
our Board of Directors, we believe that our severance and change in control benefits are generally in line with severance packages offered
to executives by companies at comparable stages of development in our industry and related industries.

60

Risk
Considerations in Our Compensation Program

Our
Board of Directors determines with the Company’s management the philosophy and standards on which our compensation plans are implemented
across our Company. It is our belief that our compensation programs do not, and in the future will not, encourage inappropriate actions
or risk taking by our executive officers. We do not believe that any risks arising from our employee compensation policies and practices
are reasonably likely to have a material adverse effect on our company. In addition, we do not believe that the mix and design of the