Company: NDRA
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001654954-25-012254
Chunk: 51

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 51
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 amend, modify or supplement the terms of any outstanding award, including the authority, in order to effectuate the purposes of the 2016 Plan, to modify awards to foreign nationals or individuals who are employed outside the United States to recognize differences in local law, tax policy or custom. The Company may annul an award if the grantee incurs a separation from service for “cause” (as defined in the 2016 Plan).

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Clawbacks

All awards, amounts or benefits received or outstanding under the 2016 Plan will be subject to clawback or other similar action in accordance with the terms of any Company clawback or similar policy or any applicable law related to such actions, as may be in effect from time to time.

Deferral Arrangement

The Board may permit or require the deferral of any award payment into a deferred compensation arrangement, subject to such rules and procedures as it may establish and in accordance with applicable law, which may include provisions for the payment or crediting of interest or dividend equivalents, including converting such credits into deferred share units.

No Liability

No member of the Board or of the Compensation Committee will be liable for any action or determination made in good faith with respect to the 2016 Plan, any award or award agreement.

Authorized Number of Shares

Subject to adjustment under the 2016 Plan, the aggregate number of shares that may be issued pursuant to the 2016 Plan following stockholder approval of the 2016 Plan Amendment will be 3,379,474. On each January 1 beginning in 2019, the number of shares authorized to be issued under the 2016 Plan will be increased by an amount equal to the lesser of (i) the number of shares necessary such that the aggregate number of shares available to be issued under the 2016 Plan equals 25% of the number of fully diluted outstanding shares on the increase date (assuming the conversion of all outstanding shares of preferred stock and other outstanding convertible securities and exercise of all outstanding options and warrants to purchase shares) and (ii) if the Board takes action to set a lower amount, the amount determined by the Board. Shares issued under the 2016 Plan may consist in whole or in part of authorized but unissued shares, treasury shares, or shares purchased on the open market or otherwise. Notwithstanding the foregoing, the maximum number of shares that may be issued under ISOs under the 2016 Plan will be 3,379,474.

Share Counting

Any award settled in