Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 119

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 119
---
. Mr. Neo will be provided with standard executive benefits. The Company will also provide standard indemnification and directors’ and officers’ insurance. The Company may terminate Mr. Neo’s employment by giving at least 30 days written notice. All other compensation shall cease as of the date of termination and the Company shall pay all previously earned, accrued and unpaid compensation. Mr. Neo is also subject to standard confidentiality and non-competition provisions.

Under our employment agreement with our Executive Chairwoman, Heather Maynard, we agreed that, unless terminated earlier in accordance with its terms, we will pay Ms. Maynard an annual salary in the amount of EUR 120,000 (approximately $130,492). Additionally, Ms. Maynard will be entitled to reimbursement to all reasonable and necessary business expenses, and to participate in all long-term equity incentive plan subject to the discretion of the board and/or compensation committee. Ms. Maynard will be provided with standard executive benefits. The Company will also provide standard indemnification and directors’ and officers’ insurance. The Company may terminate Ms. Maynard’s employment by giving at least 30 days written notice. All other compensation shall cease as of the date of termination and the Company shall pay all previously earned, accrued and unpaid compensation. Ms. Maynard is also subject to standard confidentiality and non-competition provisions.

| 90 |

Outstanding Equity Awards at Fiscal Year-End

As at December 31, 2023 and 2024, there were no outstanding equity awards.

Securities Authorized for Issuance Under Equity Compensation Plans

Up to 1,200,000 shares of common stock to Company employees, officers, directors, consultants, and advisors are available under the Society Pass Incorporated 2023 Equity Incentive Plan.

Executive Compensation Recovery Policy

Prior to the effectiveness of the registration statement of which this prospectus is a part, we intend to adopt an Executive Compensation Recovery Policy that applies to our officers, and employees, including our chief executive officer, chief financial officer, principal accounting officer or controller or persons performing similar functions. Under the Executive Compensation Recovery Policy, if we are required to prepare an accounting restatement due to material noncompliance with the financial reporting requirements under any United States securities laws, we will be entitled to recover (and will seek to recover), from our executive officers, any excess incentive-based compensation received by our executive officers during the three-year period prior to the date on which we are required to prepare the restatement. This policy applies to both equity-based and cash compensation awards