Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 190

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 7A
Chunk 190
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As
of June 30, 2025 and 2024, there were no RSUs outstanding.

The
InterGroup Corporation 2010 Omnibus Employee Incentive Plan

On
February 24, 2010, the shareholders of the Company approved The Intergroup Corporation 2010 Omnibus Employee Incentive Plan (the “2010
Incentive Plan”), which was formally adopted by the Board of Directors following the annual meeting of shareholders. The Company
believes that such awards help align the interests of its employees with those of its shareholders. Option awards are generally granted
with an exercise price equal to the market price of the Company’s stock at the date of grant; those option awards generally vest
based on five (5) years of continuous service. Certain option and share awards provide for accelerated vesting if there is a change in
control, as defined in the 2010 Incentive Plan. The 2010 Incentive Plan, as modified in December 2013, authorizes a total of up to 400,000
shares of common stock to be issued as equity compensation to officers and employees of the Company in an amount and in a manner to be
determined by the Compensation Committee in accordance with the terms of the 2010 Incentive Plan. The 2010 Incentive Plan authorizes
the awards of several types of equity compensation including stock options, stock appreciation rights, performance awards and other stock-based
compensation. The 2010 Incentive Plan had an original expiration date of February 23, 2020, if not terminated sooner by the Board of
Directors upon recommendation of the Compensation Committee. Any awards issued under the 2010 Incentive Plan will expire under the terms
of the grant agreement. As of June 30, 2025 and 2024, approximately 14,000 shares remained available for future grant under the 2010
Incentive Plan.

The
shares of common stock to be issued under the 2010 Incentive Plan have been registered under the Securities Act, pursuant to a registration
statement filed on Form S-8 by the Company on June 16, 2010. Once received, shares of common stock issued under the Plan will be freely
transferable subject to any requirements of Section 16 (b) of the Exchange Act.

On
March 16, 2010, the Compensation Committee authorized the grant of 100,000 stock options to