Company: EHSI
Filing Date: 2025-09-29
Form Type: DEF 14A
Source: 0001437749-25-030001
Chunk: 36

Company: Elite Health Systems Inc.
Filing Date: 2025-09-29
Form: DEF 14A
Chunk 36
---
 Plan will allow us to achieve these purposes by providing for grants of stock options, stock appreciation rights, stock purchase rights, stock grants, restricted stock units (“RSUs”), performance shares and performance units.

Eligibility. We may grant awards to employees (including executive officers) and consultants of the Company, our subsidiary corporations or other affiliated entities of The Company and members of our Board. Pursuant to applicable tax law, we may grant incentive stock options only to employees; however, we may grant all other awards to any eligible participant. As of December 31, 2024, we had no employees and four non- employee directors who would be eligible to be granted awards from the 2025 Plan. Consultants are also eligible to participate in the 2025 Plan. The number of consultants generally fluctuates, but as of December 31, 2024, there were less than 15 consultants of the Company and its subsidiaries that would be eligible to participate in the 2025 Plan. Determination of awards under the 2025 Plan will be made by the Compensation Committee based on factors such as the recipient’s contributions to the Company, longevity of service, and retention incentives.

Shares Subject to the 2025 Plan. We are proposing that the number of shares reserved under the 2025 Plan be 4,500,000 shares of our common stock.

Shares Available for Grant.If any award granted under the 2025 Plan expires, lapses or otherwise terminates for any reason without having been exercised or settled in full, or if shares subject to forfeiture or repurchase upon failure to vest at termination are forfeited or repurchased, such shares will again become available for issuance under the 2025 Plan in proportion to the number of shares by which the reserve was originally reduced at the time of grant or issuance. Shares will not be treated as having been issued under the 2025 Plan, and will therefore not reduce the number of shares available for grant, to the extent an award is settled in cash (other than stock appreciation rights). Shares will be treated as having been issued under the 2025 Plan to the extent such shares are withheld in satisfaction of tax withholding obligations or the payment of the award’s exercise or purchase price. Upon exercise of stock appreciation rights or net exercise of options, the gross number of shares exercised will be treated as having been issued under the 2025 Plan. Shares issued under the 2025 Plan may be authorized but unissued or reacquired shares of the Company’s common stock or any combination thereof.