Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 36

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 36
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 or tax withholding and Ordinary Shares subject to a share appreciation right that are not issued in 24 connection with the share settlement of the share appreciation right upon exercise thereof, will not be added back to the Ordinary Shares available for issuance under the Plan. In addition, Ordinary Shares repurchased on the open market will not be added back to the Ordinary Shares available for issuance under the Plan. Summary of the Plan The following description of certain features of the Plan is intended to be a summary only. The summary is qualified in its entirety by the full text of the Plan, which is attached hereto as Annex A. Administration.The Plan will be administered by the Compensation Committee. However, in the event that the Board determines that the Compensation Committee will not be the administrator of the Plan, the term “Committee” as used in the Plan will mean the committee of the Board designated to administer the Plan, or the full Board should the Board so designate. The Committee may delegate to the CEO any or all of the authority of the Committee with respect to Awards to Grantees other than grantees who are executive officers, non -employeedirectors, or persons who are subject to Section 16 of the Exchange Act at the time any such delegated authority is exercised. The Compensation Committee has full power to select, from among the individuals eligible for awards, the individuals to whom awards will be granted, to make any combination of awards to participants, and to determine the specific terms and conditions of each award, subject to the provisions of the Plan. Eligibility.Any individual who is an employee (including any officer) of, a non -employeeconsultant to, or a non -employeedirector of, the Company or any subsidiary is eligible to participate in the Plan, subject to the discretion of the administrator. However, with respect to the grant of an incentive share option, an eligible person is any employee (including any officer) of the Company or any subsidiary. An eligible participant also includes an individual who is expected to become an employee to, non -employeeconsultant of or non -employeedirector of the Company or any Subsidiary within a reasonable period of time after the grant of an Award (other than an incentive share option). Share Options.The Plan permits the grant of options to purchase Ordinary Shares intended to qualify as incentive share options under Section 422 of the Internal Revenue Code and non -qualifiedshare options. Any option designated as an incentive share option may only be granted to employees of the Company and its subsidiaries; The exercise price of an option is