Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 52

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 52
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, retain and provide incentives to employees, directors, and consultants of the
Company and its Affiliates, and to align the interests of such service providers with those of the Company’s stockholders. Accordingly,
the Plan provides for the granting of Non-qualified Stock Options, Incentive Stock Options, Restricted Stock Awards, Restricted Stock
Unit Awards, Performance Stock Awards, Performance Unit Awards, Unrestricted Stock Awards, Stock Appreciation Rights or any combination
of the foregoing.

<div align='center'>ARTICLE II

DEFINITIONS</div>

The following definitions shall be applicable throughout
the Plan unless the context otherwise requires:

2.1 “” shall mean any corporation
which, with respect to the Company, is a “subsidiary corporation” within the meaning of Section 424(f) of the Code or other
entity in which the Company has a controlling interest in such entity or another entity which is part of a chain of entities in which
the Company or each entity has a controlling interest in another entity in the unbroken chain of entities ending with the applicable entity.

2.2 “” shall mean, individually
or collectively, any Option, Restricted Stock Award, Restricted Stock Unit Award, Performance Stock Award, Performance Unit Award, Unrestricted
Stock Award or Stock Appreciation Right.

2.3 “” shall mean
a written agreement between the Company and the Holder with respect to an Award, setting forth the terms and conditions of the Award,
as amended.

2.4 “” shall mean the Board
of Directors of the Company.

2.5 “” shall mean (i) if the
Holder is a party to an employment or service agreement with the Company or an Affiliate which agreement defines “Cause” (or
a similar term), “Cause” shall have the same meaning as provided for in such agreement, or (ii) for a Holder who is not a
party to such an agreement, “Cause” shall mean termination by the Company or an Affiliate of the employment (or other service
relationship) of the Holder by reason of the Holder’s (A) intentional failure to perform reasonably assigned duties, (B) dishonesty
or willful misconduct in the performance of the Holder’s duties, (C) involvement in a transaction which is materially adverse to
the Company or an Affiliate, (D) breach of fiduciary duty involving personal profit, (E) willful violation of any law, rule, regulation
or court order (other than misdemeanor traffic violations and misdemeanors not involving misuse