Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 219

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 219
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 securities in the amount of $1,500,000 (the “Reduction Period”). Upon the expiration of the Reduction
Period, the base salary shall be adjusted to be 105% the original base salary. The remainder of the original agreement shall remain in
full force.

Provisions
Applicable to All NEO Employment Agreements

Each
of the employment agreements described above has a term of three years, which will be automatically extended for one or more additional
terms of one year each unless either party provides notice to the other party of their desire to not so renew the term at least 30 days
prior to the expiration of the then-current term. Each of the agreements is “at will,” meaning that either party may terminate
the employment at any time and for any reason, subject to the provisions of the applicable agreement.

Each
executive is entitled to fringe benefits consistent with the practices of the Company, and to the extent the Company provides similar
benefits to the Company’s executive officers, and is entitled to be reimbursed for all reasonable and necessary out-of-pocket business,
entertainment and travel expenses incurred in connection with the performance of their duties.

105

Each
agreement may be terminated by the Company at any time, either with or without “Cause”, and by the applicable executive any
time, either with or without “Good Reason”. “Cause” is defined as (i) violation of any material written rule
or policy of the Company for which violation any employee may be terminated pursuant to the written policies of the Company reasonably
applicable to an executive employee; (ii) misconduct by the applicable executive to the material detriment of the Company; (iii) the
applicable executive 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