SEC Filing Document

Company: Synergy CHC Corp.
Ticker: SNYR
CIK: 1562733
Filing Type: S-1/A
Document Type: EX-10.5
Date Filed: 2024-07-29
Accession Number: 0001013762-24-002165
Exchange: Nasdaq
SIC Code: 2833
SIC Description: Medicinal Chemicals & Botanical Products
URL: https://www.sec.gov/Archives/edgar/data/1562733/000101376224002165/ea020832402ex10-5_synergy.htm

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time, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance Compensation Award. (hh) “Permitted Transferee” shall have the meaning set forth in Section 15(b) of the Plan. (ii) “Person” has the meaning given such term in the definition of “Change in Control.” (jj) “Plan” means this RBio Energy Holdings Corp. 2024 Equity Incentive Plan, as amended from time to time. (kk) “Qualifying Termination” means, except as otherwise provided by the Committee as set forth in the Award, the occurrence of either a termination of a Participant’s employment by the Company without Cause or for Good Reason, in either case, occurring on or within the twelve (12) month period (or such other period specified in the applicable Award Agreement) following the consummation of a Change in Control.

(ll) “Restricted Period”
means the period of time determined by the Committee during which an Award is subject to restrictions or, as applicable, the period of
time within which performance is measured for purposes of determining whether an Award has been earned.

(mm) “Restricted Stock
Unit” means an unfunded and unsecured promise to deliver Common Stock, cash, other securities or other property, subject to
certain performance or time-based restrictions (including, without limitation, a requirement that the Participant remain continuously
employed or provide continuous services for a specified period of time), granted under Section 9 of the Plan.

(nn) “Restricted Stock”
means Common Stock, subject to certain specified performance or time-based restrictions (including, without limitation, a requirement
that the Participant remain continuously employed or provide continuous services for a specified period of time), granted under Section
9 of the Plan.

(oo) “Retirement”
means, in the case of a particular Award, the definition set forth in the applicable Award Agreement.

(pp) “SAR Period”
has the meaning given such term in Section 8(b) of the Plan.

(qq) “Securities Act”
means the Securities Act of 1933, as amended, and any successor thereto. Reference in the Plan to any section of the Securities Act shall
be deemed to include any rules, regulations or other interpretative guidance under such section, and any amendments or successor provisions
to such section, rules, regulations or guidance.

(rr) “Stock Appreciation
Right” or “SAR” means an Award granted under Section 8 of the Plan.

(ss) “Stock Bonus Award”
means an Award granted under Section 10 of the Plan.

(tt) “Strike Price”
means, except as otherwise provided by the Committee in the case of Substitute Awards, (i) in the case of a SAR granted in tandem with
an Option, the Exercise Price of the related Option, or (ii) in the case of a SAR granted independent of an Option, the Fair Market Value
on the Date of Grant.

(uu) “Subsidiary”
means, with respect to any specified Person:

(i) any corporation, association
or other business entity of which more than fifty percent (50%) of the total voting power of shares (without regard to the occurrence
of any contingency and after giving effect to any voting agreement or shareholders’ agreement that effectively transfers voting
power) is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person
(or a combination thereof); and

(ii) any partnership (or any
comparable foreign entity (a) the sole general partner (or functional equivalent thereof) or the managing general partner of which is
such Person or Subsidiary of such Person or (b) the only general partners (or functional equivalents thereof) of which are that Person
or one or more Subsidiaries of that Person (or any combination thereof).

(vv) “Substitute Award”
has the meaning given such term in Section 5(e).

3. Effective Date; Duration.
The Plan shall be effective as of the Effective Date. The expiration date of the Plan, on and after which date no Awards may be granted
hereunder, shall be the tenth anniversary of the Effective Date; provided, however, that such expiration shall not affect
Awards then outstanding, and the terms and conditions of the Plan shall continue to apply to such Awards.

4. Administration.

(a) The Committee shall administer
the Plan. To the extent required to comply with the applicable provisions of Rule 16b-3 promulgated under the Exchange Act (if the Board
is not acting as the Committee under the Plan), it is intended that each member of the Committee shall, at the time he or she takes any
action with respect to an Award under the Plan, be an Eligible Director. However, the fact that a Committee member shall fail to qualify
as an Eligible Director shall not invalidate any Award granted by the Committee that is otherwise validly granted under the Plan.

(b) Subject to the provisions
of the Plan and applicable law, the Committee shall have the sole and plenary authority, in addition to other express powers and authorizations
conferred on the Committee by the Plan or by the Board, to: (i) designate Participants; (ii) determine the type or types of Awards to
be granted to a Participant; (iii) determine the number of shares of Common Stock to be covered by, or with respect to which payments,
rights, or other matters are to be calculated in connection with, Awards; (iv) determine the form of Award agreement and the terms and
conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash,
Common Stock, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method or methods by which
Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances
the delivery of cash, Common Stock, other securities, other Awards or other property and other amounts payable with respect to an Award
shall be deferred either automatically or at the election of the Participant or of the Committee; (vii) interpret, administer, reconcile
any inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument or agreement relating to, or Award
granted under, the Plan; (viii) establish, amend, suspend, or waive any rules and regulations and appoint such agents as the Committee
shall deem appropriate for the proper administration of the Plan; (ix) accelerate the vesting or exercisability of, payment for or lapse
of restrictions on, Awards, including, but not limited to, upon a Qualifying Termination; and (x) make any other determination and take
any other action that the Committee deems necessary or desirable for the administration of the Plan.

(c) The Committee may delegate
to one (1) or more officers of the Company or any Affiliate the authority to act on behalf of the Committee with respect to any matter,
right, obligation, or election that is the responsibility of or that is allocated to the Committee herein, and that may be so delegated
as a matter of law, except for grants of Awards to persons subject to Section 16 of the Exchange Act.

(d) Unless otherwise expressly
provided in the Plan, all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any
Award or any documents evidencing Awards granted pursuant to the Plan shall be within the sole discretion of the Committee, may be made
at any time and shall be final, conclusive and binding upon all persons or entities, including, without limitation, the Company, any Affiliate,
any Participant, any holder or beneficiary of any Award, and any shareholder of the Company.