Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 322

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 10
Chunk 322
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Good Reason”, then the Company will pay to the applicable executive any unpaid base salary and benefits then owed
or accrued, and any unreimbursed expenses, any unvested portion of any equity granted to the applicable executive under the agreement
or any other agreements with the Company will immediately be forfeited as of the termination date without any further action of the parties;
and all of the parties’ rights and obligations under the applicable agreement cease, other than such rights or obligations which
arose prior to the termination date or in connection with such termination, and subject to those provisions which survive the termination.

If
the Company terminates the applicable executive’s employment without “Cause”, or the applicable executive terminates
their employment with “Good Reason”, the Company will pay to the applicable executive any base salary and benefits then owed
or accrued and any unreimbursed expenses; the Company will pay to the applicable executive an amount in cash equal to the target annual
performance bonus for which they would have been eligible with respect to the year in which termination of their employment occurs multiplied
by a portion of the year for which the agreement was in place; the Company will continue to pay to the applicable executive the base
salary that would have been paid to them for the following 12 month period, assuming that the agreement and the term had remained in
effect; any equity grant already made to the applicable executive will, to the extent not already vested, be deemed automatically vested;
and all of the parties’ rights and obligations under the agreement cease, other than such rights or obligations which arose prior
to the termination date or in connection with such termination, and subject to those provisions which survive the termination.

106

Each
of the agreements also provides for certain “gross-up payments” being payable to the applicable executive if it is determined
that any payment or benefit provided to the executive under the agreement or otherwise, whether or not in connection with a Change of
Control would constitute an “excess parachute payment” within the meaning of section 280G of the Internal Revenue Code of
1986, as amended (the “Code”), such that the payment would be subject to an excise tax under section 4999 of the Code.

Each
of the agreements contains customary confidentiality provisions, and customary provisions relating to intellectual property created by
the executive (i.e., a “work-made-for-hire” provision).

Each
of the agreements also contains a customary non-solicitation provision, wherein the executive agrees that they shall not, directly or
indirectly solicit