Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 49

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 49
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 Units, is forfeited to us, the unpurchased Shares (or for Awards other than Options or SARs, the forfeited Shares) which were subject thereto will become available for future grant or sale under the 2022 Amended Plan, unless the 2022 Amended Plan has terminated. With respect to SARs, all of the Shares covered by the Award (that is, Shares actually issued pursuant to a SAR, as well as the Shares that represent payment of the exercise price therefor) will cease to be available under the 2022 Amended Plan. Shares: (i) used to pay the exercise price of an Award, (ii) used to satisfy the Withholding Tax obligations related to an Award, or (iii) re-acquired by us on the open market or otherwise using cash proceeds from the exercise of Options will be deemed used under the 2022 Amended Plan and will not become available for future grant or sale under the 2022 Amended Plan. To the extent that an Award under the 2022 Amended Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the 2022 Amended Plan. Administration. The Compensation Committee will administer the 2022 Amended Plan; provided, that our Board of Trustees may act in lieu of the Compensation Committee on any matter. Our Board of Trustees and the Compensation Committee, when exercising discretion under the 2022 Amended Plan from time to time, are referred to in this summary as the “Committee.”</div>

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Subject
to the terms of the 2022 Amended Plan, the Committee has express authority to determine the Eligible Persons who will receive Awards,
the number of Shares, units or dollars to be covered by each Award, and the terms and conditions of Awards. The Committee has broad discretion
to prescribe, amend, and rescind rules relating to the 2022 Amended Plan and its administration, to interpret and construe the terms of
the 2022 Amended Plan and the terms of all Award agreements, and to take all actions necessary or advisable to administer the 2022 Amended
Plan. Within the limits of the 2022 Amended Plan, the Committee may accelerate the vesting of any Award, allow the exercise of unvested
Awards, and may modify, replace, cancel or renew them.

The 2022
Amended Plan provides that we and our affiliates will indemnify