Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 87

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 87
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 all unvested RSUs shall vest immediately prior to the consummation
of the sale.

The
proposed to the services terms of Mr. Gilboa are consistent with our compensation policy.

C.
Board Practices

Board
of Directors

Our
board of directors consists of five directors, including two directors who are deemed external directors per the requirements of the
Companies Law (see “ External directors” below). These two directors, as well as one additional director, qualify as independent
directors under the corporate governance standards of the Nasdaq Marketplace Rules and the independence requirements of Rule 10A-3 of
the Exchange Act.

On
February 17, 2025, at the special meeting of shareholders, our shareholders approved a new amendment to our Articles of Association,
which established the division of the Board of Directors of the Company into staggered three-year terms. Our Board is now divided among
the three (3) classes as follows:

Yaron
Beeri is classified as a Class I

Ori
Gilboa is classified as a Class II

Jacob
Tenenboim is classified as a Class III

Under
our Articles of Association, (i) directors may only be elected at the Company’s annual shareholders’ meeting, (ii) a director
may not be dismissed from office by shareholders or at a shareholders’ meeting prior to the expiration of their term of office
under the staggered board provisions, (iii) any shareholder of the Company who intends to present a proposal at a shareholders’
meeting must satisfy the requirements of the Israeli Companies Law and must meet certain additional requirements, as will be set forth
in the Articles of Association, and (iv) an affirmative vote of 75% of the voting power represented at a general meeting and voting thereon,
disregarding abstentions from the count of the voting power present and voting, provided that the quorum is not less than 25% of the
Company’s then issued and outstanding share capital, is required to amend our Articles of Association, with respect to the provisions
relating to the staggered board, dismissal and the provisions relating to shareholder proposals.

Further,
our Articles of Association state that our board of directors must consist of no less than three and no more than 12 directors, including
external directors, and that election of our directors( other than the external directors, for whom special election requirements apply
under the Companies Law) require an affirmative vote of a simple majority of holders of our voting shares participating and voting at