Company: SINT
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001641172-25-009063
Chunk: 1

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 5.02
Chunk 1
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 upon the consummation
of a change-in-control transaction, if at any time within one year following or six months prior to a change-in-control transaction (i)
we or our successor terminate the executive’s employment other than for cause (but not including termination due to the executive’s
death or disability) or (ii) the executive terminates his employment for good reason, then such executive has the right to receive (i)
a pro-rated annual cash bonus for the year in which the termination occurs (calculated based on the annual target cash bonus opportunity
for the year of termination); (ii) a lump sum cash payment equal to three times the sum of the following: (x) one year’s base salary
at the annualized rate then in effect, and, (y) the greater of the annual target cash bonus opportunity for the year of termination or
the highest actual annual cash bonus paid during the three preceding completed years; (iii) continued health insurance coverage under
the Company’s health plan following termination continuing until the earlier of thirty-six months or the date on which executive
becomes employed by a third party and becomes eligible to participate in such third party’s group health plan; and (iv) to the
extent permissible under applicable law and under any insurance policy insuring the Company’s health plan (if any), access to continued
coverage under the Company’s health plan with the full cost payable by executive for a period of up to thirty-six months commencing
on the first day of the month following termination.

“ Change
in control” is defined in the Agreements as occurring when: (i) any “person” (as such term is used in Sections 13(d)
and 14(d) of the Securities Exchange Act of 1934, as amended (the “ Act”)) becomes the “beneficial owner” (as
defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting
power represented by the Company’s then outstanding voting securities (excluding for this purpose the Company or its Affiliates
or any employee benefit plan of the Company) pursuant to a transaction or a series of related transactions of which the Board does not
approve; (ii) a merger or consolidation of the Company, whether or not approved by the Board, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or