Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 126

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 126
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 made from funds held outside the Trust Account. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, were paid by SPAC to its sponsor, officers and directors, or any of their respective affiliates, prior to completion of the Business Combination. SPAC is not party to any agreements with its officers and directors that provide for benefits upon termination of employment. Executive Compensation After the Business Combination Following the closing of the Business Combination, the Company established an executive compensation program that is consistent with Femco’s existing compensation policies and philosophies, which are designed to align compensation with business objectives and the creation of shareholder value, while enabling it to attract, motivate and retain individuals who contribute to its long -termsuccess. Decisions on the executive compensation program will be made by the compensation committee of the Company. Post-Closing Employment Agreements In accordance with the Business Combination Agreement, the Company entered into employment agreements with its executive officers prior to the consummation of the Business Combination. The agreements provide for a base salary, eligibility for participation in the Company’s incentive and fringe benefits and other benefit plans generally available to all employees as determined by the Board of Directors or the Compensation Committee, reimbursement for business expenses incurred, and paid time off in the same manner as other employees of the Company. The agreements contain severance provisions whereby, if the executive is terminated, then the executive will be paid a lump sum payment calculated based on his or her accrued salary, unused vacation, unreimbursed business expenses, and any vested benefits under company benefit plans. The Company has not adopted an employee stock purchase plan or incentive plan as of the date of this prospectus. Employment Agreements The Company has entered into written employment agreements with each of its executive officers. Pursuant to employment agreements, we have agreed to employ each of our executive officers for an initial term of one (1) year. Upon expiration of the one (1) -yearterm, the employment shall be automatically extended for successive 1 -yearterms unless either party gives the other party hereto a one (1) -monthprior written notice to terminate the employment prior to the expiration of the then current term. We may terminate the employment for cause, at any time, without notice or remuneration, for certain acts of the executive officer, including but not limited to the commitments of any serious or persistent breach or non -observanceof the terms and conditions of the employment, conviction of a criminal offense, willful disobedience of a lawful and reasonable order, fraud