Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 78

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 78
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’s financial information if and to the extent such reduction or repayment
is required by any applicable law.

16.9 . Notwithstanding any other
provision of the Plan, the Committee shall have no authority to issue an Award under the Plan with terms and/or conditions which would
cause such Award to constitute non-qualified “deferred compensation” under Section 409A of the Code unless such Award shall
be structured to be exempt from or comply with all requirements of Code Section 409A. The Plan and all Award Agreements are intended to
comply with the requirements of Section 409A of the Code (or to be exempt therefrom) and shall be so interpreted and construed and no
amount shall be paid or distributed from the Plan unless and until such payment complies with all requirements of Code Section 409A. It
is the intent of the Company that the provisions of this Agreement and all other plans and programs sponsored by the Company be interpreted
to comply in all respects with Code Section 409A, however, the Company shall have no liability to the Holder, or any successor or beneficiary
thereof, in the event taxes, penalties or excise taxes may ultimately be determined to be applicable to any payment or benefit received
by the Holder or any successor or beneficiary thereof.

16.10 . Each person who is or
shall have been a member of the Committee or of the Board shall be indemnified and held harmless by the Company against and from any loss,
cost, liability, or expense that may be imposed upon or reasonably incurred thereby in connection with or resulting from any claim, action,
suit, or proceeding to which such person may be made a party or may be involved by reason of any action taken or failure to act under
the Plan and against and from any and all amounts paid thereby in settlement thereof, with the Company’s approval, or paid thereby
in satisfaction of any judgment in any such action, suit, or proceeding against such person; provided, however, that such person shall
give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it
on his or her own behalf. The foregoing right of indemnification shall not be exclusive and shall be independent of any other rights of
indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or By-laws, by contract, as
a matter of law, or otherwise.

16.11 . No Award, payment
or amount