展览 10.53
DSS，INC。
CLAWBACK 政策
介绍
DSS, Inc.（「董事会」）的董事会认为，采纳此政策符合公司及股东的最佳利益。董事会DSS, Inc.（「」）的董事会相信采用这项政策符合公司及其股东的最佳利益权益代理适用美国联邦证券法律（「法律」）中有关财务报告要求的重大不符合导致会计重述时，此政策将提供对某些高管薪酬的追索。政策此政策设计遵守1934年经修订的《证券交易法》第10D条款（「法律」）。证券交易所法案证券交易所法第10D条修订案10D-1规则），以及 《纽交所美国公司指南》第811条（纽交所美国板块”).
管理
此政策应由董事会或者董事会指定的董事会薪酬委员会（以下简称“薪酬委员会”），或者董事会审核委员会（以下简称“审核委员会”），或者由薪酬委员会或审核委员会成员组成的任何特别委员会（以下简称“特别委员会”）管理。任何管理者做出的决定将对所有受影响的个人具有最终且具有约束力的效力。在适用法律的限制范围内，管理者可能授权并授予公司任何主管或员工采取一切必要或适当的行动来实施本政策的目的和意图（但不包括涉及该主管或员工的任何此政策下的追回）。补偿委员会）或者董事会审核委员会（以下简称“审核委员会”），或者由薪酬委员会或审核委员会成员组成的任何特别委员会（以下简称“特别委员会”）。审核委员会）或者由薪酬委员会或审核委员会成员组成的任何特别委员会（以下简称“特别委员会”）。管理员）。任何管理者做出的决定将对所有受影响的个人具有最终且具有约束力的效力。在适用法律的限制范围内，管理者可能授权并授予公司任何主管或员工采取一切必要或适当的行动来实施本政策的目的和意图（但不包括涉及该主管或员工的任何此政策下的追回）。
涵盖 高层管理人员
本政策适用于公司现任和前任执行官，按照管理人员根据《交易所法》第10D条和公司证券在国家证券交易所上市的标准确定，以及管理人员不时认定受该政策约束的其他高级执行官/员工（每位为“涵盖的执行官”).
依据本政策的目的，“执行主管”包括受《交易所法》第16条的报告和短线交易责任规定所约束的人员。这将包括公司的总裁、业务首席财务官、首席会计师（或如果没有这样的会计师，则是控制器），任何负责主要业务单位、部门或功能（如销售、行政或财务）的副总裁，执行政策制定功能的任何其他主管，或执行类似政策制定功能的任何其他人员以及在公司的年度报告和代理人声明中根据S-K条例项目401(b)确定的任何人员。父公司或子公司的执行主管被视为列入公司的执行主管，如果他们为列入公司或该父公司或子公司执行此类政策制定功能。政策制定功能不包括不重要的政策制定功能。
回收; 会计重述
在 由于本公司的重要情况，本公司必须对其财务报表准备会计重新陈述的情况 不遵守证券法规下的任何财务报告规定，包括任何必要的会计重新陈述以更正 先前发行的财务报表中，对先前发行的财务报表有重要或会导致的错误 如果在当前期间内修正错误，或在当前期间未修正错误，则管理员 将要求尽合理所得的任何获得的奖励补偿或没收下列定义的奖励补偿 由任何受保管行政人员于本公司须要求日期之前即完成的三 (3) 个财政年度内由任何受保管行政人员 准备会计重新结算（」重新结算日期」)，只要该等人获得的奖励补偿 受保行政人员超过会计重新报表后可获授或授予的额度。金额 要追回，将是根据原文中的错误数据向受保管行政人员支付的奖励补偿额超过。 如果根据重新表决定，则应向受保管行政人员支付的奖励补偿的财务报表 结果，不涉及任何已缴纳的税款。
重编日期被定义为以下两者中较早的日期：(i) 董事会、董事会委员会或管理层（若无需董事会行动）得出结论或应当结论，公司有义务准备会计重编；(ii) 法院、监管机构或其他具法律授权的机构指示公司准备会计重编的日期。
激励 报酬
就本政策而言，“”指的是以下任何一种；激励酬金即，这种补偿完全或部分地基于财务报告指标的达标而被授予、取得或赋予： 提供 为此目的，「」是根据完全或部分地达到财务报告指标而获得、赚取或授予的补偿：
| ● | 年度 奖金以及其他短期和长期现金奖励。 | |
| ● | 股票 期权。 | |
| ● | 股票 升值权益。 | |
| ● | 限制性 股票。 | |
| ● | 受限股票单位。 | |
| ● | 绩效股份。 | |
| ● | 绩效单位。 | |
| ● | 非股权 奖励计划奖项。 |
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财务报告措施包括根据编制公司基本报表所采用的会计原则确定和呈现的任何措施，以及完全或部分衍生自此类措施的任何措施。以下示例（及由此衍生的任何措施）并非耗尽清单：
| ● | 公司 股价。 | |
| ● | 总 股东回报。 | |
| ● | 收入。 | |
| ● | 净 收入。 | |
| ● | 营业收入。 | |
| ● | 税前收益，即息前收益、折旧及摊销前收益（EBITDA）。 | |
| ● | 所有基金类型 所有基金类型。 | |
| ● | 流动性指标，例如营运资金或营运现金流量。 | |
| ● | 回报指标，例如投资资本回报率或资产报酬率。 | |
| ● | 收益 例如每股收益等指标。 | |
| ● | 一个或多个可报告部门的盈利能力。 | |
| ● | 财务比率，如应收帐款周转率。 | |
| ● | 每位员工成本，其中成本受任何会计重编制影响。 | |
| ● | 任何这种财务报告指标与同行公司相对应，其中公司的财务报告指标受会计重编制和税基收入影响。 | |
| ● | 通过债务或股权融资筹集的资本。 | |
| ● | 应收账款的减少。 |
For the avoidance of doubt, Incentive Compensation does not include annual salary, compensation awarded based on completion of a specified period of service, or compensation awarded based on subjective standards, strategic measures, or operational measures.
Incentive Compensation includes incentive-based compensation received by a person:
| ● | after beginning service as an executive officer; | |
| ● | who serves as an executive officer at any time during the performance period for the incentive-based compensation; | |
| ● | who served as an executive officer while the Company has a class of securities listed on a national securities exchange; and |
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| ● | who serves as an executive officer during the three (3) fiscal years preceding the Restatement Date. |
For the avoidance of doubt, subsequent changes in a Covered Executive’s employment status, including retirement or termination of employment, do not affect the Company’s rights to recover incentive-based compensation pursuant to this Policy.
Excess Incentive Compensation: Amount Subject to Recovery
The amount to be recovered will be the excess of the Incentive Compensation paid to the Covered Executive based on the erroneous data over the Incentive Compensation that would have been paid to the Covered Executive had it been based on the restated results, as determined by the Administrator. Incentive Compensation is deemed “received” during the fiscal period during which the financial reporting measure specified in the incentive-based compensation award is attained, even if payment or grant of the Incentive Compensation occurs after the end of the period.
If the Administrator cannot determine the amount of excess Incentive Compensation received by the Covered Executive directly from the information in the accounting restatement, then it will make its determination based on a reasonable estimate of the effect of the accounting restatement.
Method of Recoupment
The Administrator will determine, in its sole discretion, the method for recouping excess Incentive Compensation hereunder, which may include, without limitation:
| ● | requiring reimbursement of cash Incentive Compensation previously paid; | |
| ● | seeking recovery of any gain realized on the vesting, exercise, settlement, sale, transfer, or other disposition of any equity-based awards; | |
| ● | offsetting the recouped amount from any compensation otherwise owed by the Company to the Covered Executive; | |
| ● | canceling outstanding vested or unvested equity awards; and/or | |
| ● | taking any other remedial and recovery action permitted by law, as determined by the Administrator. |
No Indemnification of Covered Executives
The Company shall not indemnify any current or former Covered Executive against the loss of any incorrectly awarded Incentive Compensation, and shall not pay, or reimburse any Covered Executive for premiums for any insurance policy to fund such executive’s potential recovery obligations.
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Indemnification of the Administrator
Any members of the Administrator who assist in the administration of this Policy, shall not be personally liable for any action, determination, or interpretation made with respect to this Policy and shall be fully indemnified by the Company to the fullest extent under applicable law and Company policy with respect to any such action, determination, or interpretation. The foregoing sentence shall not limit any other rights to indemnification of the Administrator under applicable law or Company policy.
Interpretation
The Administrator is authorized to interpret and construe this Policy and to make all determinations necessary, appropriate, or advisable for the administration of this Policy. It is intended that this Policy be interpreted in a manner that is consistent with the requirements of Section 10D of the Exchange Act, Rule 10D-1, Section 811 of the NYSE American Company Guide, and any other applicable rules or standards adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s securities are then listed.
Effective Date
This Policy shall be effective as of the date it is adopted by the Administrator (the “Effective Date”) and shall apply to Incentive Compensation that is approved, awarded, or granted to any Covered Executive on or after that date.
Amendment; Termination
The Board may amend this Policy from time to time in its discretion and shall amend this Policy as it deems necessary to reflect final regulations adopted by the Securities and Exchange Commission under Section 10D of the Exchange Act, Rule 10D-1, and Section 811 of the NYSE American Company Guide and to comply with any other rules or standards adopted by a national securities exchange on which the Company’s securities are then listed. The Board may terminate this Policy at any time.
Other Recoupment Rights
The Administrator intends that this Policy will be applied to the fullest extent of the law. The Administrator may require that any employment agreement, equity award agreement, or similar agreement entered into on or after the Effective Date shall, as a condition to the grant of any benefit thereunder, require a Covered Executive to agree to abide by the terms of this Policy. Any right of recoupment under this Policy is in addition to, and not in lieu of, any other remedies or rights of recoupment that may be available to the Company pursuant to the terms of any similar policy in any employment agreement, equity award agreement, or similar agreement and any other legal remedies available to the Company.
Impracticability
The Administrator shall recover any excess Incentive Compensation in accordance with this Policy unless such recovery would be impracticable, as determined by the Administrator in accordance with Rule 10D-1 of the Exchange Act and the listing standards of the national securities exchange on which the Company’s securities are listed.
Successors
This Policy shall be binding and enforceable against all Covered Executives and their beneficiaries, heirs, executors, administrators, or other legal representatives.
Exhibit Filing Requirement
A copy of this Policy and any amendments thereto shall be posted on the Company’s website and filed as an exhibit to the Company’s Annual Report on Form 10-K/A.
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