Company: SYRA
Filing Date: 2025-12-18
Form Type: 8-K
Source: 0001493152-25-028301
Chunk: 1

Company: Syra Health Corp
Filing Date: 2025-12-18
Form: 8-K
Item: Item 5.02
Chunk 1
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 release with respect to certain matters)
a severance payment equal to his base compensation for 6 months from the date of termination and the bonus and any benefits that Mr.
Alexander would be eligible for during such 6 month period. Mr. Alexander would not be entitled to such severance payment if he terminates
for good reason within the first 12 months of employment.

In
addition, if Mr. Alexander’s employment is terminated: (a) by the Company without cause within 12 months prior to a change of control
(as defined in the Alexander Employment Agreement) that was pending during such 12 month period, (b) by Mr. Alexander for good reason
within 12 months after a change of control, or (c) by the Company without cause at any time upon or within 12 months after a change of
control, Mr. Alexander will be entitled to receive the amounts due upon termination of his employment by the Company for cause or as
a result of his death or permanent disability, or upon termination by Mr. Alexander of his employment voluntarily, in addition to the
severance payments due if Mr. Alexander’s employment is terminated by the Company without cause or by Mr. Alexander for good reason,
all of Mr. Alexander’s unvested stock options and other equity awards would immediately vest and become fully exercisable (x) in
the event a change of control transaction is pending, for a period of six months following the date of termination, and (y) in the event
a change of control transaction is not then pending, for the period of time set forth in the applicable agreement evidencing the award.

There
are no arrangements or understandings between Mr. Alexander and any other person pursuant to which he was selected as an officer of the
Company, and there is no family relationship between Mr. Alexander and any of the Company’s other directors or executive officers.

The
foregoing description of the Alexander Employment Agreement is not complete and is qualified in its entirety by reference to the Alexander
Employment Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.