Company: JUNS
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025204
Chunk: 188

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 188
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 applicable to an executive employee;
(ii) misconduct by the applicable executive to the material detriment of the Company; (iii) the applicable executive’s conviction
(by a court of competent jurisdiction, not subject to further appeal) of, or pleading guilty to, a felony; (iv) the applicable executive’s
gross negligence in the performance of their duties and responsibilities to the Company as described in the agreement; or the applicable
executive’s material failure to perform their duties and responsibilities to the Company as described in the agreement (other than
any such failure resulting from their incapacity due to physical or mental illness or any such failure subsequent to the applicable executive
delivered a notice of termination without Cause by the Company or delivering a notice of termination for Good Reason to the Company),
in either case after written notice from the Board to the applicable executive of the specific nature of such material failure and such
executive’s failure to cure such material failure within 10 days following receipt of such notice.

“Good Reason” is defined as
(i) at any time following a Change of Control (as defined below), a material diminution by the Company of compensation and benefits (taken
as a whole) provided to the applicable executive immediately prior to a Change of Control; (ii) reduction in base salary or target or
maximum bonus, other than as part of an across-the-board reduction in salaries of management personnel; (iii) the relocation of the applicable
executive’s principal executive office to a location more than 50 miles further from their principal executive office immediately
prior to such relocation; or (iv) a material breach by the Company of any of the terms and conditions of the agreement which the Company
fails to correct within 10 days after the Company receives written notice from the applicable executive of such violation.

A “Change of Control” will
be deemed to have occurred if, after the effective date of the applicable agreement, (i) the beneficial ownership (as defined in Rule
13d-3 under the Exchange Act) of securities representing more than 50% of the combined voting power of the Company is acquired by any
“person” as defined in sections 13(d) and 14(d) of the Exchange Act (other than the Company, any subsidiary of the Company,
or any trustee or other fiduciary holding securities under an employee benefit plan of the Company), (ii) the merger or consolidation
of the Company with or into another corporation where the shareholders of the Company, immediately prior to the consolidation or merger,
would