Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 58

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 58
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 substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for
a continuous period of not less than twelve (12) months, within the meaning of Section 22(e)(3) of the Code.

2.44 “” shall mean a bookkeeping
unit, which represents such monetary amount as shall be designated by the Committee in each Performance Unit Agreement, or represents
one Share for purposes of each Restricted Stock Unit Award.

2.45 “”
shall mean an Award granted under Article IX of the Plan of Shares which are not subject to Restrictions.

2.46 “”
shall mean a written agreement between the Company and a Holder with respect to an Unrestricted Stock Award.

<div align='center'>ARTICLE III

EFFECTIVE DATE OF PLAN</div>

The Plan was originally adopted and effective on May
29, 2019 and as amended and restated shall be effective as of the Effective Date.

<div align='center'>ARTICLE IV

ADMINISTRATION</div>

4.1 . The Plan shall
be administered by the Committee, which shall be appointed by the Board. If necessary, in the Board’s discretion, to comply with
Rule 16b-3 under the Exchange Act or relevant securities exchange or inter-dealer quotation service, the Committee shall consist solely
of two (2) or more Directors who are each (i) “non-employee directors” within the meaning of Rule 16b-3 and (ii) “independent”
for purposes of any applicable listing requirements. If a member of the Committee shall be eligible to receive an Award under the Plan,
such Committee member shall have no authority hereunder with respect to his or her own Award.

4.2 . Subject to the other provisions
of the Plan, the Committee shall have the sole authority, in its discretion, to make all determinations under the Plan, including but
not limited to (i) determining which Employees, Directors or Consultants shall receive an Award, (ii) the time or times when an Award
shall be made (the date of grant of an Award shall be the date on which the Award is awarded by the Committee), (iii) what type of Award
shall be granted, (iv) the term of an Award, (v) the date or dates on which an Award vests, (vi) the form of any payment to be made pursuant
to an Award, (vii)