Company: JUNS
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025204
Chunk: 197

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 197
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 are final and binding on all participants.

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Eligibility

Awards under the 2023 Plan, other than incentive
stock options, may be granted to employees (including officers) of the Company or a subsidiary, members of the Company’s Board,
or consultants engaged to render bona fide services to the Company or a subsidiary. Incentive stock options may be granted only to employees
of the Company or a subsidiary.

Stock Options

Stock options may be granted under the 2023 Plan.
The exercise price of options granted under the 2023 Plan generally must at least be equal to the fair market value of the Company’s
common stock on the date of grant. The term of each option will be as stated in the applicable award agreement; provided, however, that
the term may be no more than 10 years from the date of grant. The administrator will determine the methods of payment of the exercise
price of an option, which may include cash, shares or other property acceptable to the administrator, as well as other types of consideration
permitted by applicable law. After the termination of service of an employee, director or consultant, they may exercise their option for
the period of time stated in their option agreement. In the absence of a specified time in an award agreement, if termination is due to
death or disability, the option will remain exercisable for 12 months. In all other cases, in the absence of a specified time in an award
agreement, the option will remain exercisable for three months following the termination of service. An option may not be exercised later
than the expiration of its term. Subject to the provisions of the 2023 Plan, the administrator determines the other terms of options.

Stock Appreciation Rights

Stock appreciation rights may be granted under
the 2023 Plan. Stock appreciation rights allow the recipient to receive the appreciation in the fair market value of the Company’s
common stock between the exercise date and the date of grant. Stock appreciation rights may not have a term exceeding 10 years. After
the termination of service of an employee, director or consultant, they may exercise their stock appreciation right for the period of
time stated in their stock appreciation right agreement. In the absence of a specified time in an award agreement, if termination is due
to death or disability, the stock appreciation rights will remain exercisable for 12 months. In all other cases, in the absence of a specified
time in an award agreement, the stock appreciation rights will