Family Member means a person who is a spouse, former spouse, child,
stepchild, grandchild, parent, stepparent, grandparent, niece, nephew, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother, sister, brother-in-law or
sister-in-law, including adoptive relationships, of the applicable individual, any person sharing the applicable individuals household (other than a tenant or
employee), a trust in which any one or more of these persons have more than 50% of the beneficial interest, a foundation in which any one or more of these persons (or the applicable individual) control the management of assets, and any other entity
in which one or more of these persons (or the applicable individual) own more than 50% of the voting interests.
Grant
Date means the latest to occur of (i) the date as of which the Board approves an Award, (ii) the date on which the recipient of an Award first becomes eligible to receive an Award under Section 6 or
(iii) such other date as may be specified by the Board in the Award Agreement.
Incentive Stock Option means an
incentive stock option within the meaning of Code Section 422.
Incumbent Directors shall have the
meaning set forth in Section 15.2.2.
New Shares shall have the meaning set forth in
Section 15.1.
Nonemployee Director means a member of the Board or the board of directors of
an Affiliate, in each case who is not an officer or employee of the Company or any Affiliate.
Nonqualified Stock
Option means an Option that is not an Incentive Stock Option.
Option means an option to purchase one or more
Shares pursuant to the Plan.
Option Price means the exercise price for each Share subject to an Option.
Other Share-based Awards means Awards consisting of Share units, or other Awards, valued in whole or in part by reference
to, or otherwise based on, Shares.
Participant shall mean a person who, as a Service Provider, has been granted an
Award under the Plan; provided that in the case of the death or Disability of a Participant, the term Participant refers to the Participants estate or other legal representative acting in a fiduciary capacity on behalf of
the Participant under applicable state law and court supervision.
Plan means this Kewaunee Scientific Corporation 2023
Omnibus Incentive Plan, as amended from time to time.
Policy shall have the meaning set forth in
Section 3.2.2.
Prior Plans means, collectively, (i) the Kewaunee Scientific Corporation
2008 Key Employee Stock Option Plan and (ii) the Kewaunee Scientific Corporation 2017 Omnibus Incentive Plan.
Purchase
Price means the purchase price for each Share pursuant to a grant of Restricted Stock.
Restricted Stock
means restricted Shares, awarded to a Participant pursuant to Section 10.
Restricted Stock
Unit or RSU means a bookkeeping entry representing the equivalent of Shares, awarded to a Participant pursuant to Section 10.
SAR Exercise Price means the per Share exercise price of a SAR granted to a Participant under
Section 9.
SEC means the United States Securities and Exchange Commission.
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