Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 132

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 132
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 than an election or nomination of an individual whose initial assumption of office is in connection with an actual or threatened election contest), shall be, for purposes of this definition, considered as though such person were a member of the Incumbent Board; or

(iv) there is a liquidation or dissolution of the Company or all or substantially all of the assets of the Company have been sold.

The term “Change of Control” shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of the Company.

(h)Code.The term “Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations thereunder. A reference to any provision of the Code shall include reference to any successor provision of the Code or successor regulations.

(i)Committee.The term “Committee” shall have the meaning set forth in Section 1.2.

(j)Company.The term “Company” shall have the meaning set forth in Section 1.1.

| World Kinect 2025 Proxy Statement | 121 |

| Annex A |

(k)Effective Date.The term “Effective Date” means the date on which this Plan is approved by shareholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of Section 422 of the Code, Rule 16b-3 under the Exchange Act (if applicable), applicable requirements under the rules of any securities exchange or automated quotation system on which the Stock may be listed or quoted, and any other laws, regulations and obligations of the Company applicable to the Plan.

(l)Eligible Person.The term “Eligible Person” means any employee, officer or member of the board of directors of the Company or a Subsidiary, or any consultant or other person who performs services for the Company or any Subsidiary (provided that such consultant or other person satisfies the Form S-8 definition of an “employee”), including any prospective employee, officer, member or consultant.

(m)Exchange Act.The term “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor statute thereto, and the regulations promulgated thereunder.

(n)Exercise Price.The term “Exercise Price” shall have the meaning set forth in Section 2.2.

(o)Fair Market Value.The term “Fair Market Value” means (i) with respect to any property other than shares of Stock, the fair market value of such property determined by such