Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1463

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 1463
---
 the shareholders of the Company, immediately prior
to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power
of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation,
if any) in substantially the same proportion as their ownership of the Company immediately prior to such merger or consolidation, or
(iii) the sale or other disposition of all or substantially all of the Company’s assets to an entity, other than a sale or disposition
by the Company of all or substantially all of the Company’s assets to an entity, at least 50% of the combined voting power of the
voting securities of which are owned directly or indirectly by shareholders of the Company, immediately prior to the sale or disposition,
in substantially the same proportion as their ownership of the Company immediately prior to such sale or disposition.

If
the Company terminates any executive’s employment for “Cause”, or the applicable executive terminates their employment
without “Good Reason”, then the Company will pay to the applicable executive any unpaid base salary and benefits then owed
or accrued, and any unreimbursed expenses, any unvested portion of any equity granted to the applicable executive under the agreement
or any other agreements with the Company will immediately be forfeited as of the termination date without any further action of the parties;
and all of the parties’ rights and obligations under the applicable agreement cease, other than such rights or obligations which
arose prior to the termination date or in connection with such termination, and subject to those provisions which survive the termination.

If
the Company terminates the applicable executive’s employment without “Cause”, or the applicable executive terminates
their employment with “Good Reason”, the Company will pay to the applicable executive any base salary and benefits then owed
or accrued and any unreimbursed expenses; the Company will pay to the applicable executive an amount in cash equal to the target annual
performance bonus for which they would have been eligible with respect to the year in which termination of their employment occurs multiplied
by a portion of the year for which the agreement was in place; the Company will continue to pay to the applicable executive the base
salary that would have been paid to them for the following 12 month period, assuming that the agreement and the term had remained in
effect; any equity grant already