Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 341

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 341
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 thof the Fold RSUs satisfy the service -basedvesting condition on each monthly anniversary of the vesting commencement date thereafter, subject to the executive officer’s continued service through the applicable service -vestingdate; and (ii) the liquidity event vesting condition is satisfied upon the first to occur, on or prior to the seventh (7 th) anniversary of the grant date, of a change in control of Fold or an initial public offering of Fold’s common stock, subject to (for the August 2024 awards granted to Messrs. Reeves and Repass) the applicable executive officer’s continued service through the consummation of such change in control or initial public offering. In connection with the Business Combination, New Fold intends to adopt the Incentive Award Plan and the ESPP. It is expected that the Incentive Award Plan and the ESPP will become effective on the date of the Closing. For additional information about the Incentive Award Plan and the ESPP, please see the sections titled “ Proposal No. 5 — The Equity Incentive Plan Proposal” and “ Proposal No. 6 — The Employee Stock Purchase Plan Proposal” in this proxy statement/prospectus. Other Elements of Compensation Retirement Plan Fold currently maintains a 401(k) retirement savings plan for its employees, including its named executive officers, who satisfy certain eligibility requirements. The named executive officers are eligible to participate in the 401(k) plan on the same terms as other full -timeemployees. The Code allows eligible employees to defer a portion of their compensation, within prescribed limits, on a pre -taxbasis through contributions to the 401(k) plan. Currently, we match contributions made by participants in the 401(k) plan up to a specified percentage of the employee contributions, and these matching contributions are fully vested as of the date on which the contribution is made. We believe that providing a vehicle for tax -deferredretirement savings though a 401(k) plan adds to the overall desirability of its executive compensation package and further incentivizes our employees, including our named executive officers, in accordance with our compensation policies. Employee Benefits and Perquisites All of our full -timeemployees, including our named executive officers, are eligible to participate in our health and welfare plans, including: •medical, dental and vision benefits; •health savings and flexible spending accounts; •short -termand long -termdisability insurance; and •basic and supplemental life and accidental death and dismemberment insurance. We believe these benefits are appropriate