Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 300

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 300
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 a plurality of the votes cast is required for the election of each nominee. Recommendation of the Emerald Board THE EMERALD BOARD UNANIMOUSLY RECOMMENDS THAT
STOCKHOLDERS VOTE “FOR” EACH OF THE DIRECTOR NOMINEES. 180 PROPOSAL NO. 5 — THE EQUITY INCENTIVE PLAN PROPOSAL OVERVIEW As discussed in this proxy statement/prospectus, Emerald is asking its stockholders to approve the Incentive Award Plan, which provides for awards to certain eligible service providers. The Emerald Board approved and adopted the Incentive Award Plan, subject to stockholder approval. If the Emerald stockholders approve this proposal, the Incentive Award Plan will become effective upon the consummation of the Business Combination. The terms of the Incentive Award Plan have not yet been finally determined. The following is a summary of the expected material terms of the Incentive Award Plan. A copy of the current draft of the Incentive Award Plan is attached to this proxy statement/prospectus as Annex D. Purpose of the Incentive Award Plan The purpose of the Incentive Award Plan is to enhance New Fold’s and its subsidiaries’ ability to attract, retain and motivate persons who make (or are expected to make) important contributions to New Fold by providing these individuals with equity ownership opportunities and/or equity -linkedcompensatory opportunities. Equity awards and equity -linkedcompensatory opportunities are intended to motivate high levels of performance and align the interests of directors, employees and consultants with those of stockholders by giving directors, employees and consultants the perspective of an owner with an equity or equity -linkedstake in New Fold and providing a means of recognizing their contributions to New Fold’s success. The Emerald Board believes that equity ownership opportunities and/or equity -linkedcompensatory opportunities are necessary to remain competitive in its industry and are essential to recruiting and retaining the highly qualified employees who help New Fold meet its goals. Summary of the Incentive Award Plan The following summarizes the expected material terms of the Incentive Award Plan. This summary is qualified in its entirety by reference to the full text of the Incentive Award Plan. Administration.The New Fold Board, or one or more committees or subcommittees of the New Fold Board or committees of officers of New Fold to whom the New Fold Board delegates such power or authority (subject to limitations imposed under Section 16 of the Exchange Act and other applicable law and regulation), will serve as the plan administrator of the