Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 352

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 352
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 date, and 1/48th of the Fold RSUs satisfy the service-based
vesting condition on each monthly anniversary of the vesting commencement date thereafter, subject to the executive officer’s continued
service through the applicable service-vesting date; and (ii) the liquidity event vesting condition is satisfied upon the first to
occur, on or prior to the seventh (7th) anniversary of the grant date, of a change in control of Fold or an initial public
offering of Fold’s common stock, subject to (for the August 2024 awards granted to Messrs. Reeves and Repass) the applicable executive
officer’s continued service through the consummation of such change in control or initial public offering.

In connection with the Business Combination, the
Company adopted the Incentive Award Plan and the ESPP, each of which became effective on the date of the Closing.

Other Elements of Compensation

Retirement Plan

Fold currently maintains a 401(k) retirement
savings plan for its employees, including its named executive officers, who satisfy certain eligibility requirements. The named executive
officers are eligible to participate in the 401(k) plan on the same terms as other full-time employees. The Code allows eligible
employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions to the 401(k) plan.
Currently, we match contributions made by participants in the 401(k) plan up to a specified percentage of the employee contributions,
and these matching contributions are fully vested as of the date on which the contribution is made. We believe that providing a vehicle
for tax-deferred retirement savings though a 401(k) plan adds to the overall desirability of its executive compensation package and
further incentivizes our employees, including our named executive officers, in accordance with our compensation policies.

Employee Benefits and Perquisites

All of our full-time employees, including our named
executive officers, are eligible to participate in our health and welfare plans, including:

●medical, dental and vision benefits;

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●health savings and flexible spending accounts;

●short-term and long-term disability insurance; and

●basic and supplemental life and accidental death and dismemberment
insurance.

We believe these benefits are appropriate and provide
a competitive compensation package to our named executive officers.

We do not currently, and we did not during 2024,
provide perquisites to any of our named executive officers.

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