Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 61

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 61
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than the Holder’s Total and Permanent Disability or death, ninety (90) days after the date of such Termination of Service;

(ii) If such termination is on account of the
Holder’s Total and Permanent Disability, one (1) year after the date of such Termination of Service; or

(iii) If such termination is on account of
the Holder’s death, one (1) year after the date of the Holder’s death.

Upon such applicable date the Holder (and such Holder’s estate, designated
beneficiary or other legal representative) shall forfeit any rights or interests in or with respect to any such Options. Notwithstanding
the foregoing, the Committee, in its sole discretion, may provide for a different time period in the Award Agreement, or may extend the
time period, following a Termination of Service, during which the Holder has the right to exercise any vested Non-qualified Stock Option,
which time period may not extend beyond the expiration date of the Award term.

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(b) In the event of a Holder’s Termination
of Service for any reason prior to the actual or deemed satisfaction and/or lapse of the Restrictions, vesting requirements, terms and
conditions applicable to a Restricted Stock Award and/or Restricted Stock Unit Award, such Restricted Stock and/or RSUs shall immediately
be canceled, and the Holder (and such Holder’s estate, designated beneficiary or other legal representative) shall forfeit any rights
or interests in and with respect to any such Restricted Stock and/or RSUs. Notwithstanding the immediately preceding sentence, the Committee,
in its sole discretion, may determine, prior to or within thirty (30) days after the date of such Termination of Service that all or a
portion of any such Holder’s Restricted Stock and/or RSUs shall not be so canceled and forfeited.

6.3 . Except to the
extent inconsistent with the terms of the applicable Award Agreement, and notwithstanding anything to the contrary contained in this Article
VI, if a Holder’s employment with, or status as a Director of, the Company or an Affiliate shall terminate, and if, within ninety
(90) days of such termination, such Holder shall become a Consultant, such Holder’s rights with respect to any Award or portion
thereof granted thereto prior to the date of such termination may be preserved, if and to the extent determined by the Committee in its
sole discretion, as if such Holder had been a Consultant for the entire period during which such Award or portion thereof