Company: CXAI
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001829126-25-002762
Chunk: 44

Company: CXApp Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 44
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PROPOSAL 4: APPROVAL OF THE AMENDED AND RESTATED EQUITY INCENTIVE PLAN</div>

Overview

Our Board of Directors (the
“Board”) has approved the Amended and Restated CXApp Inc. 2023 Equity Incentive Plan (the “Amended and Restated Equity
Incentive Plan” or the “Plan”), subject to stockholder approval. The Plan was originally approved by our Board of Directors
and stockholders on March 10, 2023. Under the Plan as originally adopted, we reserved shares equal to 15% of our outstanding shares of
our common stock on a fully diluted basis for issuance as awards under the Plan, which amount was 2,110,500 shares. The current share
reserve is insufficient to meet our anticipated equity grant cycle for fiscal 2024 and beyond; accordingly, we are proposing an increase
of the aggregate share reserve by 3,565,500 shares, which will bring the total shares available under the Plan to 5,676,000 shares. We
are asking our stockholders to approve the Plan and its material terms, including the reservation of 5,676,000 shares of our common stock
for issuance under the Plan. This approval is necessary to enhance our flexibility in granting competitive equity awards, which are critical
for attracting, retaining and motivating the best talent, thereby supporting our long-term growth and stockholder value. If stockholders
do not approve this Proposal, the Company will continue to operate the Plan under its existing terms until the currently available share
reserve is exhausted, at which point the Board will be forced to consider less favorable alternatives for long-term executive and employee
compensation.

Summary of the Incentive Plan

The Plan provides for awards in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares. The current share reserve is insufficient to meet our anticipated equity grant cycle for fiscal 2024 and beyond; accordingly, we are proposing an increase of the aggregate share reserve by 3,565,500 shares, which will bring the total shares available under the Plan to 5,676,000 shares. The following is a summary of the principal terms of the Incentive Plan. The summary is qualified in its entirety by reference to the full text of the Plan, which is attached to this proxy statement as Annex B-2. We encourage you to read the Plan in its entirety before voting