Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 38

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 38
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 and
14(d) thereof.

(gg) “” has the meaning set forth in Section 1 hereof.

(hh) “” has the meaning set forth in Section 8(a) hereof.

(ii) “” means Shares granted pursuant to Section 9 hereof subject to certain restrictions that lapse at the end of a
specified period or periods.

B-4

(jj) “” means the right, granted pursuant to Section 9 hereof, to
receive an amount in cash or Shares (or any combination thereof) equal to the Fair Market Value of a Share subject to certain restrictions that lapse at the end of a specified period or periods.

(kk) “” has the meaning set forth in Section 3(a) hereof.

(ll) “” means Common Stock reserved for issuance under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant to a
merger, consolidation or other reorganization) security.

(mm) “” means the right to receive, upon exercise of
the right, the applicable amounts as described in Section 8 hereof.

(nn) “” means a bonus payable in fully vested shares
of Common Stock granted pursuant to Section 11 hereof.

(oo) “” means, with respect to any Person, as of any date of
determination, any other Person as to which such first Person owns or otherwise controls, directly or indirectly, more than 50% of the voting shares or other similar interests or a sole general partner interest or managing member or similar interest
of such other Person.

(pp) “” has the meaning set forth in Section 18 hereof.

Section 3. Administration.

(a) The Plan shall be
administered by the Administrator and shall be administered in accordance with the requirements of Rule 16b-3 under the Exchange Act (“”), to
the extent applicable.

(b) Pursuant to the terms of the Plan, the Administrator, subject, in the case of any Committee, to any restrictions on the
authority delegated to it by the Board, shall have the power and authority, without limitation:

(1) to select those Eligible Recipients who shall be
Participants;

(2) to determine whether and to what extent Awards are to be granted hereunder to Participants;

(3) to determine the number of Shares to be covered by each Award granted hereunder;

(4) to determine the terms and conditions, not inconsistent with the terms of the Plan, of each Award granted hereunder (