Lucid Group, Inc.
For the period ended Jun 4, 2026. Filed Apr 23, 2026.
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Jun 4, 2026 · Filed Apr 23, 2026
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Contents
SECTION 19. TRANSFERABILITYA-15
SECTION 19. TRANSFERABILITY.
Unless the agreement evidencing an Award (or an amendment thereto authorized by the Committee) expressly provides
otherwise, no Award granted under the Plan, nor any interest in such Award, may be sold, assigned, conveyed, gifted,
pledged, hypothecated, or otherwise transferred in any manner (prior to the vesting and lapse of any and all restrictions
applicable to Shares issued under such Award), other than by will or the laws of descent and distribution; provided, however,
that an ISO may be transferred or assigned only to the extent consistent with Section 422 of the Code. Any purported
assignment, transfer, or encumbrance in violation of this Section 19 shall be void and unenforceable against the Company.
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