Summary of Ongoing Compensation for Non-Executive Directors of Pluri Inc. (Effective January 23, 2024)

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Summary

This document outlines the compensation structure for non-executive directors of Pluri Inc. as of January 23, 2024. Directors receive an annual cash payment of $35,000, with additional fees and equity awards for serving as chair or member of key committees, including Audit, Compensation, Nominating, and Investment Committees. The Chairman of the Board and committee chairs receive higher compensation and equity percentages. In special cases, directors may receive up to $75,000 extra for exceptional performance, with further discretionary payments possible at the Board's discretion.

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EX-10.4 5 f10q1223ex10-4_pluriinc.htm SUMMARY OF DIRECTORS' ONGOING COMPENSATION

Exhibit 10.4

 

Summary of Directors Ongoing Compensation

 

Effective as January 23, 2024, our non-executive officer directors receive cash compensation as follows:

 

  ● Annual compensation of $35,000;

 

  ● The Chairman of our Audit Committee shall receive an additional annual fee of $10,000 and in the event of an annual equity grant issued to directors, or an Annual Director Grant, an additional 10% of equity securities in addition to such grant, and each other member of the Audit Committee shall receive an additional annual fee of $3,000 and, in the event of an Annual Director Grant, an additional 3% of equity securities in addition to such grant;

 

  ● The Chairman of our Compensation Committee shall receive an additional annual fee of $4,000 and, in the event of an Annual Director Grant, an additional 4% of equity securities in addition to such grant, and each other member of the Compensation Committee shall receive an additional annual fee of $2,000 and, in the event of an Annual Director Grant, an additional 2% of equity securities in addition to such grant; and

 

  ● The Chairman of our Nominating Committee shall receive an additional annual fee of $4,000 and, in the event of an Annual Director Grant, an additional 4% of equity securities in addition to such grant, and each other member of the Nominating Committee shall receive an additional annual fee of $2,000 and, in the event of an Annual Director Grant, an additional 2% of equity securities in addition to such grant.

 

●The Chairman of our Investment Committee shall receive an additional fee of $4,000 and, in the event of an Annual Director Grant, an additional 4% of equity securities in addition to such grant, and each other member of the Investment Committee shall receive an additional annual fee of $2,000 and an additional 2% of equity securities in addition to such grant.

 

●In the event of an Annual Director Grant, the Chairman of our Board of Directors shall receive an additional 26% of equity securities in addition to such grant.

 

In exceptional circumstances, our non-executive directors may receive additional payments of up to $75,000 per year for extraordinary performance, as well as discretionary amounts in special circumstances as the Board of Directors or the Compensation Committee may decide.