Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1208

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 1208
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 them shares of common stock issued in consideration for
services rendered and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer’s
performance. This package may also include long-term stock-based compensation to certain executives, which is intended to align the performance
of our executives with our long-term business strategies. Additionally, while our Board of Directors has not granted any performance-based
stock options to date , the Board of Directors reserves the right to grant such options in the future, if the Board in its sole
determination believes such grants would be in the best interests of the Company.

104

Incentive
Bonus

The
Board of Directors may grant incentive bonuses to our executive officers in its sole discretion, if the Board of Directors believes such
bonuses are in the Company’s best interest, after analyzing our current business objectives and growth, if any, and the amount
of revenue we are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

Long-Term,
Stock-Based Compensation

In
order to attract, retain and motivate executive talent necessary to support the Company’s long-term business strategy we may award
our executives and any future executives with long-term, stock-based compensation in the future, at the sole discretion of our Board
of Directors.

NEO
Employment Agreements 

Employment
Agreement with Christer Rosén, dated as of September 1, 2021

Mr.
C. Rosén’s agreement provides that he will serve as the Chief Executive Officer of the Company and provides that he will
be paid an annual base salary of $420,000. Mr. C. Rosén is eligible to receive an annual cash bonus, with the target amount of
the bonus equal to 50% of the base salary in the year to which the bonus relates, and the actual amount of the bonus may be greater or
less than the target amount, and will ultimately be determined by the Board.

Amended
Employment Agreement with Christer Rosén, dated as of December 18, 2023

Mr.
C. Rosén’s employment agreement was amended on December 18, 2023. The amendment reduces Mr. C. Rosén’s annual
base salary from $420,000 to $84,000, effective retrospectively to October 1, 2023, until the time that the Company has raised additional
capital from the sale of its securities in the amount of $