Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 44

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 44
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A performance stock award provides for the distribution of shares (or cash
equal to the fair market value of shares) to the holder upon the satisfaction of predetermined individual and/or Company goals or objectives.
The Plan Committee shall set forth in the applicable performance stock award agreement the performance goals and objectives (and the period
of time to which such goals and objectives shall apply) which the holder and/or Company would be required to satisfy before the holder
would become entitled to the receipt of shares (or cash equal to the fair market value of shares) pursuant to such holder’s performance
stock award and the number of shares of shares subject to such performance stock award. The vesting restrictions under any performance
stock award shall constitute a “substantial risk of forfeiture” under Section 409A of the Code and, if such goals and objectives
are achieved, the distribution of such shares shall be made no later than by the fifteenth (15th) day of the third (3rd) calendar month
next following the end of our fiscal year to which such goals and objectives relate, unless otherwise structured to comply with Code Section
409A. At the time of such award, the Plan Committee may, in its sole discretion, prescribe additional terms and conditions or restrictions.
The holder of a performance stock award shall have no rights as a shareholder until such time, if any, as the holder actually receives
shares pursuant to the performance stock award.

Performance Unit Awards.

A performance unit award provides for a cash payment to be made to the
holder upon the satisfaction of predetermined individual and/or Company (or affiliate) performance goals or objectives based on selected
performance criteria, based on the number of units awarded to the holder. The Plan Committee shall set forth in the applicable performance
unit award agreement the performance goals and objectives (and the period of time to which such goals and objectives shall apply) which
the holder and/or Company would be required to satisfy before the holder would become entitled to payment, the number of units awarded
to the holder and the dollar value assigned to each such unit. At the time of such award, the Plan Committee may, in its sole discretion,
prescribe additional terms and conditions or restrictions. The holder of a performance unit shall be entitled to receive a cash payment
equal to the dollar value assigned to such unit under the applicable performance unit award agreement if the holder and/or the Company
satisfies (or partially satisfies, if applicable under the applicable performance unit award agreement) the performance goals and objectives
set forth in such performance unit