Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 371

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 371
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 executive or any future
executives a salary, and/or issue them shares of common stock in consideration for services rendered and/or to award incentive bonuses
which are linked to our performance, as well as to the individual executive officer’s performance. This package may also include
long-term stock-based compensation to certain executives, which is intended to align the performance of our executives with our long-term
business strategies. Additionally, while our Board of Directors has not granted any performance base stock options to date, the Board
of Directors reserves the right to grant such options in the future, if the Board in its sole determination believes such grants would
be in the best interests of the Company.

Incentive Bonus

The Board of Directors may grant incentive bonuses
to our executive officer and/or future executive officers in its sole discretion, if the Board of Directors believes such bonuses are
in the Company’s best interest, after analyzing our current business objectives and growth, if any, and the amount of revenue we
are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

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Equity Awards

We offer stock options, stock appreciation rights,
and stock awards to certain of our employees, including our executive officers, as the long-term incentive component of our compensation
program. We may grant equity awards to new hires upon their commencing employment with us. Our stock options allow employees to purchase
shares of our common stock at a price per share equal to the fair market value of our common stock on the date of grant and may or may
not be intended to qualify as “incentive stock options” for U.S. federal income tax purposes. Our stock appreciation rights
allow employees to receive a cash payment for the difference between the market price of our common stock on the date of exercise and
the strike price. We sometimes also offer stock options, stock appreciation rights and stock awards to our consultants in lieu of cash.
Our stock options allow consultants to purchase shares of our common stock at a price per share equal to the fair market value of our
common stock on the date of grant and are not intended to qualify as “incentive stock options” for U.S. federal income tax
purposes. Our stock appreciation rights allow consultants to receive a cash payment for the difference between the market price of our
common stock on the date of exercise and the strike price. Stock options, stock appreciation rights, and stock awards granted to our executive
officers may be subject to accelerated vesting