Company: ATHE
Filing Date: 2025-08-29
Form Type: 20-F
Source: 0001213900-25-082027
Chunk: 85

Company: ALTERITY THERAPEUTICS LTD
Filing Date: 2025-08-29
Form: 20-F
Item: Item 6
Chunk 85
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30 days                                                                             
                                                                                                                                                                                                       after the date of termination                                                                                                                  
                                                                                                                                                                                                       Unvested options will terminate automatically without further notice                                                                           
                                                                                       For Good Reason, Dr. Stamler may terminate at any time upon written notice, with 6 months’ notice.              Payment of accrued salary, accrued but unused vacation pay and approved                                                                        
                                                                                                                                                                                                       but unreimbursed expenses that are owed to date of termination                                                                                 
                                                                                                                                                                                                       Payment equivalent to 100% of current annualized salary                                                                                        
                                                                                                                                                                                                       Vested but unexercised options shall be exercisable within 30 days                                                                             
                                                                                                                                                                                                       after the date of termination                                                                                                                  
                                                                                                                                                                                                       Unvested options will terminate automatically without further                                                                                  
                                                                                                                                                                                                       notice                                                                                                                                         
                                                                                       With Cause, the Group may terminate at any time upon written notice                                             Payment limited to accrued salary, accrued but unused vacation pay and approved but unreimbursed expenses that are owed to date of termination.
                                                                                                                                                                                                       All options shall be canceled upon date of termination                                                                                         
(End of Remuneration Report)

53

C.   Board Practices
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Introduction

Our Board of Directors is elected by and accountable to our shareholders. Our Board of Directors’ responsibilities are divided into operating activities, financial and capital markets activities and scientific activities. The Chairman of our Board of Directors, currently Mr. Geoffrey Kempler, is responsible for the management of the Board of Directors and its functions.
Election of Directors

Directors are elected at our annual general meeting of shareholders. Under our Constitution, the term of office of our directors are staggered, such that at every annual general meeting of shareholders one-third, rounded down to the nearest whole number, of the directors, except a Managing Director, must retire from office and may offer himself/herself for re-election. No director, except a Managing Director, shall retain office for a period in excess of three years without submitting for re-election. Our Board of Directors has the power to appoint any person to be a director, either to fill a vacancy or as an additional director (provided that the total number of directors does not exceed the maximum allowed by law), and any director so appointed may hold office only until the next annual general meeting when he or she shall be eligible for election.

Non-Executive and Independent Directors

Australian law does not require a company to appoint a certain number of independent directors to its board of directors or audit committee.

Under the rules of the NASDAQ Stock Market, a majority of our Board of Directors must qualify as independent directors within the meaning of