Company: SACH
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042273
Chunk: 45

Company: Sachem Capital Corp.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 45
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 and cash awards. Eligibility . Employees, non-employee directors and consultants of the Company and any parent or subsidiary entities would be eligible to receive awards under the 2025 Plan. As of April 28, 2025, we had approximately 27 employees and 4 non-employee directors who could be eligible to be selected to receive awards under the 2025 Plan. Such persons are eligible to participate in the 2025 Plan on the basis that such participation provides an incentive, through ownership of our Common Shares, to continue in service to us and any parent and subsidiary entities, and to help us compete effectively with other enterprises for the services of qualified persons. Limit on Awards to Directors . The 2025 Plan includes a limit of $500,000 on the combined value of equity awards and cash compensation provided to any non-employee director in any fiscal year. Share Reserve. The maximum number of Common Shares that may be issued pursuant to the 2025 Plan is described above under the heading “Shares Subject to 2025 Plan.” Administration . Generally, the Compensation Committee will administer the 2025 Plan, unless the Board elects to administer the 2025 Plan. Subject to the terms of the 2025 Plan, the administrator may determine and interpret the terms and conditions of awards, select the employees, directors and consultants who will receive awards, determine the exercise price of any options, the number of shares subject to awards, the vesting schedule and exercisability of awards, whether and when an award vests and performance goals are achieved, adjustments to performance goals or results to take into account changes in law or other extraordinary or unforeseeable, nonrecurring or infrequently occurring circumstances, the restrictions on transferability of awards and the form of consideration payable upon exercise or settlement of an award. The Board or the Compensation Committee may also delegate any or all of its powers and duties under the 2025 Plan to a subcommittee of directors or to one or more officers or employees of the Company, provided that such delegation does not violate applicable law or result in the loss of an exemption under Rule 16b-3(d)(1) of the Securities Exchange Act of 1934. Any such delegation will include a limitation as to the number of Common Shares underlying awards that may be granted during the period of delegation and will contain guidelines for determining the exercise price and vesting criteria of such awards. Except in connection with equity restructurings and other situations in which share adjustments are specifically authorized, the 2025 Plan prohibits