Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 95

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 95
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 option shares, become exercisable at the end of each three-month period during
the second and third years from the date of grant. Generally, options that are not exercised within ten years from the grant date shall
expire.

Other
than by will or laws of descent, neither the options nor any right in connection with such options are assignable or transferable. If
we terminate a grantee’s employment or service for any reason whatsoever, other than for cause, any options granted to such grantee
that are not vested shall immediately expire. All of the grantee’s vested options shall be deemed expired on the earlier of: (a)
the expiration date of such vested options as was in effect immediately prior to such termination; or (b) three months following the
date of such termination, or if such termination is the result of death or disability of the grantee, 12 months from the date of such
termination. However, for certain executives and other senior management, our board of directors (and shareholders where applicable)
has resolved that the expiration date of their vested options shall be between two to four years following the date of such termination.
If we terminate a grantee’s employment or service for cause, all of the grantee’s vested and unvested options will expire
on the date of termination. Also, and subject to applicable law, if the grantee’s employment or services is terminated for cause,
then we will have a right of repurchase against any shares issued pursuant to the exercise of options. In the event that we exercise
such right of repurchase, we will pay such grantee for each such share being repurchased an amount equal to the price originally paid
by the grantee for such share. Alternatively, we may assign such rights of repurchase to our shareholders pro rata to their respective
holdings of our issued and outstanding shares.

If
we are party to a merger or consolidation, outstanding options and shares acquired under the 2015 Plan will be subject to the agreement
of merger or consolidation, which will provide for one or more of the following: (i) the assumption of such options by the surviving
corporation or its parent, (ii) the substitution by the surviving corporation or its parent of new options, or (iii) in the event that
the successor entity neither assumes nor substitutes all outstanding options, then each respective grantee shall have a period of 15
days to exercise his or her vested options, after which all remaining options, whether vested or not shall expire