Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 60

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 60
---
A .

“ Effective Date” shall mean the date on which the Company’s shareholders approve the Plan. This Plan will become effective on the Effective Date, which shall be considered the date of its adoption for purposes of Treasury Regulation §1.422-2(b)(2)(i).

" Employee” shall mean an employee of the Company or of any Subsidiary of the Company as described in Treasury Regulation § 1.421-1(h).

"Employer" shall mean the Company or applicable Subsidiary for which the Participant performs Services.

"Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

“Excise Tax” shall have the meaning set forth in Section 16.11(a).

<div align='center'>36</div>

“Fair Market Value” means, as applied to a specific date, the average of the high and the low sales prices of the Common Shares on the trading day immediately before such date, as reported by the principal exchange or market over which the Common Shares are then listed or regularly traded. If the Common Shares are not readily tradable on a national securities exchange or other market system, the Fair Market Value means the value as established by the Committee acting in good faith based on a reasonable valuation method that is consisten t with the requirements of Code Section 409A and the regulations thereunder.

“Full Value Award” shall mean any award under the Plan other than a Stock Option or Stock Appreciation Right.

“Incentive Option” shall mean a Stock Option granted under the Plan that both is designated as an Incentive Option and qualifies as an incentive stock option within the meaning of Section 422 of the Code.

"Non-Employee Director" shall mean an individual who is a member of the Board and who is not an Employee.

"Non-Qualified Option" shall mean a Stock Option granted under the Plan that either is designated as a Non-Qualified Option or does not qualify as an incentive stock option within the meaning of Section 422 of the Code.

"Optionee” shall mean any person who has been granted a Stock Option under the Plan or who is otherwise entitled to exercise a Stock Option .

“Other Stock-Based Award” means an Award described in Section 10 of this Plan.

“Participant” shall mean any Service Provider selected by the Committee to be granted an award under the Plan.

“Payment” shall have the meaning set forth in Section 16.11(a).

“Plan” shall have the meaning set forth in Section 1.1.