Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 52

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 52
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 incentive awards or, when so determined by the Compensation Committee, option rights, SARs, restricted shares, RSUs, dividend equivalents or other awards. Management objectives may be described in terms of company-wide objectives or objectives that are related to the performance of the individual participant or of one or more of the subsidiaries, divisions, departments, regions, functions or other organizational units within Old NXDT or its subsidiaries. The management objectives may be made relative to the performance of other companies or subsidiaries, divisions, departments, regions, functions or other organizational units within such other companies, and may be made relative to an index or one or more of the performance objectives themselves.

Detrimental Activity and Recapture

Any award agreement may provide for the cancellation or forfeiture and repayment to Old NXDT of any award or gain related to an award, or other provisions intended to have a similar effect, upon such terms and conditions as may be determined by the Compensation Committee from time to time or as may be required by the Compensation Committee or under Section 10D of the Exchange Act and any applicable rules and regulations promulgated by the SEC or any national securities exchange or national securities association on which Old Common Shares may be traded.

Effective Date and Term of the A&R 2023 Plan

The A&R 2023 Plan will become effective on the date it is approved by Old NXDT’s shareholders and will terminate as to future awards on the tenth anniversary thereof.

Amendment and Termination of the A&R 2023 Plan

The Board may amend the A&R 2023 Plan at any time, but no amendment, alteration or termination of the A&R 2023 Plan may impair the rights of any participant with respect to outstanding awards without the participant’s consent or permit the Board to amend awards in violation of the A&R 2023 Plan’s prohibition on repricing underwater option rights and SARs. In addition, the Board would need shareholder approval of an amendment if it (a) would materially increase the benefits accruing to participants under the A&R 2023 Plan, (b) would materially increase the number of securities which may be issued under the A&R 2023 Plan, (c) would materially modify the requirements for participation in the A&R 2023 Plan, or (d) must otherwise be approved by Old NXDT’s shareholders in order to comply with applicable law or the rules of the stock exchange(s) on which the Old Common Shares are traded. Shareholder approval will be obtained to increase the Overall Share Limit (subject to adjustment