Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1224

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 1224
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ing, unless specifically provided for in the award agreement, all performance goals or other vesting criteria will be deemed achieved
at 100% of target levels and all other terms and conditions met.

Clawback

Awards
will be subject to any Company clawback policy that the Company is required to adopt pursuant to the listing standards of any national
securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall
Street Reform and Consumer Protection Act or other applicable laws. The administrator also may specify in an award agreement that the
participant’s rights, payments or benefits with respect to an award will be subject to reduction, cancellation, forfeiture or recoupment
upon the occurrence of certain specified events. The Board may require a participant to forfeit, return or reimburse the Company all
or a portion of the award or shares issued under the award, any amounts paid under the award and any payments or proceeds paid or provided
upon disposition of the shares issued under the award in order to comply with such clawback policy or applicable laws.

Amendment
and Termination

The
administrator has the authority to amend, suspend or terminate the 2023 Plan provided such action does not impair the existing rights
of any participant. The 2023 Plan automatically will terminate on October 4, 2033, unless it is terminated sooner.

113

Director
Compensation 

Prior
to our 2024 initial public offering, we did not have a formal policy to compensate our non-employee directors. Following our initial
public offering, our non-employee directors are eligible to receive the following cash retainers and equity awards. The retainers will
be payable in four equal installments in each calendar quarter and will be payable within five business days of the end of each calendar
quarter, and with such amount for any partial calendar quarter being appropriately prorated.

    Annual Retainer for Board Membership 

    Annual service on the board of directors 
    $30,000 
  
    Additional Annual Retainer for Committee Membership 

    Annual service as member of the audit committee (other than chair) 
    $5,000 
  
    Annual service as chair of the audit committee 
    $10,000 
  
    Annual service as member of the compensation committee (other than chair) 
    $5,000 
  
    Annual service as chair of the compensation committee 
    $10,000 
  
    Annual service as member of the nominating and corporate