Company: DARE
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001401914-25-000014
Chunk: 38

Company: Dare Bioscience, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 38
---
 reason other than for good reason a upon at least 14 days’ prior written notice. We may terminate Ms. Johnson's employment without prior written notice for cause, without cause on 14 days’ prior written notice, or in the event of her disability. Her employment agreement automatically terminates upon her death

The following table summarizes our obligations and the payments and other benefits to which Ms. Johnson may be entitled if her employment is terminated for the reason specified, other than in connection with a change of control, which is discussed in the paragraph below the table.

| Reason for                                
 Termination                               |     | Accrued                                                                         
 Obligations(1)                                                                  |     | Cash Payments(2)                                                                                                                                                                |     | Other Benefits(2)                                                                |
| •By us for cause.                         
 •By the executive without good reason.    
 •Executive’s death or disability.         
 •Executive elects not to renew agreement. |     | We must pay the executive any accrued obligations as of the date of termination |     | None.                                                                                                                                                                           |     | None.                                                                            |
| •By us other than for cause.              
 •By the executive with good reason.       
 •We elect not to renew agreement.         |     | We must pay the executive any accrued obligations as of the date of termination |     | We must pay the executive:                                                                                                                                                      
 any accrued but unpaid bonus (or a pro rata portion of such bonus) as of the date of termination; and an amount equal to 12 months of the executive’s then-current base salary. |     | We must provide the executive continuing health benefits coverage for 12 months. |

(1) Consists of any earned but unpaid base salary, unpaid expense reimbursements, and any vested benefits the executive may have under any employee benefit plan, in each case, as of the date of termination.

(2) Payment and benefits are conditioned on (a) the executive’s continued compliance with her obligations under the employment agreement related to confidentiality and non-interference and intellectual property covenants and (b) the executive (or her estate) executing and delivering a full release of all claims in favor of Daré.

Under the terms of our employment agreement with Ms. Johnson, if her employment is terminated by us without cause or by her for good reason, in each case, within three months prior to or 12 months following a change

2025 Proxy Statement | Page 26

of control, then, subject to her continued compliance with customary confidentiality, intellectual property assignment and similar obligations