Code means the U.S. Internal Revenue Code of 1986, as amended,
including any applicable regulations and guidance thereunder.
Committee means the Compensation Committee of the
Board or the Board acting as the Compensation Committee.
Common Stock means the common stock of
the Company, and the common stock of any successor entity.
Company means AVITA Medical, Inc., a Delaware
corporation, or any successor corporation.
Consultant means any natural person, including an advisor or
independent contractor, that is engaged to render services to the Company or an Affiliate.
Continuous
Service Status means continued service as an Employee, Director or Consultant. Continuous Service Status shall not be considered interrupted or terminated in the case of a transfer between locations of the Company
or between the Company, its Affiliates, or their respective successors, or a change in status (for example, from an Employee to a Director). The Committee or the Administrator, in that partys sole discretion, shall determine whether a
Grantees Continuous Service Status has ceased and the effective date of such termination.
Corporations
Act means the Australian Corporations Act 2001 (Cth).
Director means a member
of the Board.
Disability means that the Grantee is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment. The determination of whether an individual has a Disability shall be determined under procedures established by the Committee. The Committee may rely on any determination that a
Grantee is disabled for purposes of benefits under any long-term disability plan maintained by the Company or any Affiliate in which a Grantee participates.
Dividend Equivalent Right means the right of a Grantee, granted at the discretion of the
Committee or as otherwise provided by the Grant Agreement, to receive a credit for the account of such Grantee in an amount equal to the cash, stock or other property dividends in amounts equivalent to cash, stock or other property dividends for
each Share represented by a Grant held by such Grantee.
Effective Date means the date the Grant is
approved by the stockholders of the Company.
Employee means any person employed by the Company, or any
Affiliate, with the status of employment determined pursuant to such factors as are deemed appropriate by the Administrator in its sole discretion, subject to any requirements of Applicable Law, including the Code. Service as a Director or payment
by the Company or an Affiliate of a directors fee shall not be sufficient to constitute employment of such Director by the Company or any Affiliate.
Entity means a corporation, partnership, limited liability company or other entity.
Exchange Act means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.
Exchange Act Person or
Person means any natural person, Entity or group (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that Exchange Act Person will not include (i) the
Company or any Subsidiary of the Company, (ii) any employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the
Company, (iii) an underwriter temporarily holding securities pursuant to a registered public offering of such securities, (iv) an Entity owned, directly or indirectly, by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company; or (v) any natural person, Entity or group (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the owner, directly or
indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Companys then outstanding securities.
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