Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1354

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1354
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The
Directors are compensated as follows under their respective agreements:

Each
of the Directors will be paid $30,000 annually for their service as directors, to be paid $7,500 each calendar quarter, with the amount
for any partial calendar quarter being appropriately prorated. In addition, the Company agreed that, on October 1, 2021, the Company
will issue to each Director an option to acquire up to 67,500 shares of the common stock at an exercise price of $1.33 per share, which
options will vest ratably over 36 months subject to the applicable Director continuing to serve as a director of the Company during such
period. The option grants were made pursuant to an Option Award Agreement as attached to each of their respective agreements.

In
addition, the applicable agreements provide that the Directors will be compensated as follows in connection with their service on Committees
of the Board.

    ●
    Ms.
    Brady: For as long as Ms. Brady serves as a member of the Compensation Committee, Ms. Brady will be paid $5,000 annually to be paid
    $1,250 each calendar quarter, with the amount for any partial calendar quarter being appropriately prorated.

    ●
    For
    as long as Ms. Brady serves as a member of the Audit Committee, Ms. Brady will be paid $5,000 annually to be paid $1,250 each calendar
    quarter, with the amount for any partial calendar quarter being appropriately prorated.

    ●
    Mr.
    Weis:

    ○
    For
    as long as Mr. Weis serves as Chairman of the Audit Committee, Mr. Weis will be paid $10,000 annually to be paid $2,500 each calendar
    quarter, with the amount for any partial calendar quarter being appropriately prorated.

    ○
    For
    as long as Mr. Weis serves as a member of the Nominating Committee, Mr. Weis will be paid $4,000 annually to be paid $1,000 each
    calendar quarter, with the amount for any partial calendar quarter being appropriately prorated.

115

    ●
    Ms.
    Kampf:

    ○
    For
    as long as Ms. Kampf serves as a member of the Compensation Committee, Ms. Kampf will be paid $5,000 annually to be paid $1,250 each
    calendar quarter,