EX-10.1
from 8-K
40 pages
Purpose. the Purpose of the Plan Is to Advance the Interests of the Participating Company Group and Its Stockholders by Providing an Incentive to Attract, Retain and Reward Persons Performing Services for the Participating Company Group and by Motivating Such Persons to Contribute to the Growth and Profitability of the Participating Company Group. the Plan Seeks to Achieve This Purpose by Providing for Awards in the Form of Options, Stock Appreciation Rights, Restricted Stock Awards, Restricted Stock Units, Performance Shares, Performance Units, Cash-Based Awards and Other Stock-Based Awards. 1.3 Term of Plan. the Plan Shall Continue in Effect Until Its Termination by the Committee; Provided, However, That All Awards Shall Be Granted, if at All, Within Ten (10) Years From the Earlier of the Date That the Plan Was Approved by the Board or the Stockholders of the Company. 2. Definitions and Construction. 2.1 Definitions. Whenever Used Herein, the Following Terms Shall Have Their Respective Meanings Set Forth Below
12/34/56
EX-10.1
from 8-K
9 pages
Smartrent, Inc. Executive Incentive Compensation Plan (Adopted as of January 23, 2024) 1. Purposes of the Plan. the Plan Is Intended to Increase Stockholder Value and the Success of the Company by Motivating Employees to (A) Perform to the Best of Their Abilities and (B) Achieve the Company’s Objectives. 2. Definitions. 2.1 “Actual Award” Means as to Any Performance Period, the Actual Award (If Any) Payable to a Participant for the Performance Period, Subject to the Authority of the Administrator (As Defined in Section 3) Under Section 4.4. 2.2 “Affiliate” Means Any Corporation or Other Entity (Including, but Not Limited To, Partnerships and Joint Ventures) That, From Time to Time and at the Time of Any Determination, Directly or Indirectly, Is in Control of or Is Controlled by the Company. 2.3 “Board” Means the Board of Directors of the Company. 2.4 “Bonus Pool” Means the Pool of Funds Available for Distribution to Participants. Subject to the Terms of the Plan, the Administrator Establishes the Bonus Pool for Each Performance Period. 2.5
12/34/56