Company: ALCE
Filing Date: 2025-04-03
Form Type: PRER14C
Source: 0001213900-25-028711
Chunk: 14

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-04-03
Form: PRER14C
Chunk 14
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 of directors approved and adopted the 2023 Plan. On December 4, 2023, the 2023 Plan was approved by our stockholders, which was further amended on September 26, 2024, at the virtual annual meeting of shareholders (the “ Annual Meeting”) of the Company and was further amended by the 2023 Plan Amendment on March21, 2025 by the Majority Stockholders. Summary of the 2023 Plan (as amended and restated) The following is a brief summary of the principal provisions of the 2023 Plan, and is qualified in its entirety by reference to the full text of the 2023 Plan. Purpose of the 2023 Plan The purpose of the 2023 Plan is to secure and retain the services of employees, directors and consultants, to provide incentives for such persons to exert maximum efforts for our success and to provide a means by which such persons may be given an opportunity to benefit from increases in value of the common stock through the granting of awards 7 thereunder. We believe that the equity -basedawards to be issued under the 2023 Plan will motivate award recipients to offer their maximum effort to the Company and help focus them on the creation of long -termvalue consistent with the interests of our stockholders. The Company believes that grants of incentive awards are necessary to enable the Company to attract and retain top talent. Principal Features Eligibility.The Company’s employees, consultants and directors, and employees and consultants of its affiliates, may be eligible to receive awards under the 2023 Plan. Award Types.The 2023 Plan provides for the grant of incentive stock options (“ISOs”) to employees and for the grant of non -statutorystock options (“NSOs”), stock appreciation rights, restricted stock awards, restricted stock unit awards, performance awards and other forms of stock awards to employees, directors, and consultants. Share Reserve.The aggregate number of shares of common stock that may be subject to awards under the 2023 Plan will not exceed that maximum aggregate number of shares of Common Stock which is increased each fiscal year (the “Adjustment Date”) by an amount equal to the lesser of (i) that number of shares equal to 15% of the outstanding shares of Common Stock on the applicable Adjustment Date, less (a) the number of shares of Common Stock that may be issued under the Plan prior to the Adjustment Date, and (b) the number of shares of Common Stock that may be issued under any other stock option plan of the Company in