Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 21

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 21
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 corporate structure affecting the shares of our Common Stock, an equitable substitution or
proportionate adjustment shall be made, at the sole discretion of the plan administrator, in (i) the aggregate number of shares of our Common Stock reserved for issuance under the Amended Plan, (ii) the kind and number of securities
subject to, and the exercise price or base price of, any outstanding options and SARs granted under the Amended Plan, (iii) the kind, number and purchase price of shares of our Common Stock, or the amount of cash or amount or type of property,
subject to outstanding restricted stock, RSUs, stock bonuses and other stock-based awards granted under the Amended Plan or (iv) the performance goals and periods applicable to awards granted under the Amended Plan. Equitable substitutions or
adjustments other than those listed above may also be made as determined by the plan administrator. In addition, the plan administrator may terminate all outstanding awards for the payment of cash or in-kind
consideration having an aggregate fair market value equal to the excess of the fair market value of the shares of our Common Stock, cash or other property covered by such awards over the aggregate exercise price or base price, if any, of such
awards, but if the exercise price or base price of any outstanding award is equal to or greater than the fair market value of the shares of our Common Stock, cash or other property covered by such award, our board of directors may cancel the award
without the payment of any consideration to the participant.

Unless otherwise determined by the plan administrator and evidenced in an
award agreement, in the event that (i) a “change in control” (as defined in the Amended Plan) occurs and (ii) a participant’s employment or service is terminated without cause, or with good reason (to the extent applicable),
within 12 months following the change in control, then (a) any unvested or unexercisable portion of any award carrying a right to exercise shall become fully vested and exercisable, and (b) the restrictions, deferral limitations, payment
conditions and forfeiture conditions applicable to an award granted under the Amended Plan will lapse and such unvested awards will be deemed fully vested and any performance conditions imposed with respect to such awards will be deemed to be
achieved at target performance levels.

Each participant will be required to make arrangements satisfactory to the plan administrator
regarding payment of an amount up to the maximum statutory rates in the participant’s applicable jurisdictions with respect to