Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 510

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 510
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 securities of the surviving corporation or its parent) equal to the excess of (a) the value, as determined by the administrator, of the property (including cash) received by the holder of a Share as a result of the transaction over (b) the exercise price of the option; (5) cancellation of the option without the payment of any consideration, provided that the optionholder will be notified of such treatment and given an opportunity to exercise the option (to the extent the option is vested or becomes vested as of the effective date of the transaction) generally during a period of not less than 5 business days preceding the effective date of the transaction; (6) suspension of the optionholder’s right to exercise the option during a limited period of time preceding the closing of the transaction if such suspension is administratively necessary to permit the closing of the transaction; and (7) termination of any right the optionholder has to exercise the option prior to vesting in the Shares subject to the option (i.e., “early exercise”), such that following the closing of the transaction the option may only be exercised to the extent it is vested. The administrator has discretion to accelerate, in whole or part, the vesting and exercisability of an option in connection with a corporate transaction described above.

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Amendment and Termination. The PlusAI Board may amend the 2017 Plan at any time and for any reason. To the extent required by applicable laws, rules or regulations, an amendment to the 2017 Plan will be contingent on approval of PlusAI stockholders within 12 months following the amendment date if the amendment (1) increases the number of Shares available for issuance, (2) materially changes the class of persons who are eligible for the award of Shares or grant of options, or (3) is one effecting any other material change to the 2017 Plan if stockholder approval is required under applicable laws, rules or regulations. The PlusAI Board also may terminate the 2017 Plan at any time and, if not sooner terminated, will terminate automatically 10 years after the later of (1) the date when the PlusAI Board adopted the 2017 Plan and (2) the date when the PlusAI Board approved the most recent increase in the number of Shares reserved under the 2017 Plan that was also approved by PlusAI’s stockholders. As noted above, in connection with the consummation of the Merger, the 2017 Plan will be assumed and Plus