Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 407

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 407
---
 for any reason or the employee otherwise ceases to be eligible to participate pursuant to the terms of the ESPP, the employee withdraws from the ESPP or the Post-Closing Company terminates or amends the ESPP such that the employee no longer is eligible to participate. An employee may withdraw his or her participation in the ESPP at any time in accordance with procedures, and prior to any applicable deadline, specified by the administrator. Upon withdrawal from the ESPP, generally the employee will receive all amounts credited to his or her account without interest (unless otherwise required under applicable law) and his or her payroll withholdings or contributions under the ESPP will cease.

Non-Transferability

A participant will not be permitted to transfer the contributions credited to his or her ESPP account or rights granted under the ESPP, other than by will or the laws of descent and distribution.

Dissolution or Liquidation

In the event of the Post-Closing Company’s proposed dissolution or liquidation, any offering period in progress will be shortened by setting a new exercise date and will terminate immediately before the completion of such proposed transaction, unless determined otherwise by the administrator.

Merger or Change in Control

In the event of a merger or change in control of the Post-Closing Company, as defined in the ESPP, a successor corporation (or the successor corporation’s parent corporation or subsidiary corporation) may assume or substitute for each outstanding option. If the successor corporation (or the successor corporation's parent corporation or subsidiary corporation) does not assume or substitute for the options, the offering period then in progress under the ESPP will be shortened, and a new exercise date will be set to occur before the date of the proposed merger or change in control. The administrator will notify each participant that the exercise date has been changed and that the participant’s option will be exercised automatically on the new exercise date unless prior to such date the participant has withdrawn from the offering period.

Effective Date; Amendment; Termination

The ESPP will become effective upon the latest to occur of (1) the date of its initial adoption by the CCIX Board, (2) the date of its initial approval by CCIX shareholders, and (3) the Effective Time, and will continue in effect for 20 years unless the administrator terminates it earlier. We currently expect the effectiveness of the ESPP will occur as of the Effective Time (subject to approval by the CCIX shareholders). The administrator will have the authority to modify, amend, suspend or terminate the ESPP at any time. If the