Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 86

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 86
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 Factors - Risks Relating to Our Business” for a
further description of the enforceability of non-competition clauses. We also provide certain of our employees with a company car, which
is leased from a leasing company.

Executive
officers are also employed on the terms and conditions prescribed in employment agreements. These agreements provide for notice periods
of varying duration for termination of the agreement by us or by the relevant executive officer, during which time the executive officer
will continue to receive base salary and benefits. See “ Item 3. D. Risk Factors - Risks Relating to Our Business.”

On
February 24, 2020, we entered into a consulting agreement with Mr. Ori Gilboa who has served as our chief executive officer since September
2019 and as a member of the board of directors since June 2020, which provides that Mr. Gilboa’s terms of office and services are
for period of three years, subject to re-approval under the Companies Law and termination in accordance with the terms of the consulting
agreement.

On
June 21, 2023, our compensation committee and board of directors approved, and on August 14, 2023 our shareholders approved, the re-approval
of the terms of the consulting agreement, or the Consulting Agreement, with Mr. Ori Gilboa, as follows:

Services

Consideration

Bonus

Restricted
Share Units

The
RSUs shall vest on quarterly basis over period of a three (3) year period, beginning on September 1, 2023, or the Vesting Commencement
Date under the following schedule: forty percent (40%) of the RSUs shall vest by the end of the first anniversary of the Vesting Commencement
Date, thirty percent (30%) of the RSUs shall vest by the end of the second anniversary of the Vesting Commencement Date and the remaining
thirty percent (30%) of the RSUs shall vest by the end of the third anniversary of the Vesting Commencement Date, subject to Mr. Gilboa’s
continued service through each such anniversary of the Vesting Commencement Date and the potential vesting Acceleration (as defined below
and as further described in the RSU Agreement).

An
“ Acceleration” means, in the event of (and conditional upon the completion of) any change of control, sale or merger, sale
of a major asset or a major (each as further described in the RSU Agreement),