Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 1564

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1564
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 date and
automatically renews for successive one year periods at the end of each term until either party delivers written notice of their intent
not to review at least six (6) months prior to the expiration of the applicable term. In addition, pursuant to the Employment Agreement,
upon termination of Mr. Myman’s employment for death or Total Disability (as defined in the Employment Agreement), in addition
to any accrued but unpaid compensation and vacation pay through the date of his termination and any other benefits accrued to him under
any Benefit Plans (as defined in the Employment Agreement) outstanding at such time and the reimbursement of documented, unreimbursed
expenses incurred prior to such termination date (collectively, the “Payments”), Mr. Myman shall be entitled to the following
severance benefits: (i) 24 months of his then base salary; (ii) if Mr. Myman elects continuation coverage for group health coverage pursuant
to COBRA Rights (as defined in the Employment Agreement), then for a period of 24 months following Mr. Myman’s termination he will
be obligated to pay only the portion of the full COBRA Rights cost of the coverage equal to an active employee’s share of premiums
(if any) for coverage for the respective plan year; and (iii) payment on a pro-rated basis of any Annual Bonus or other payments earned
in connection with any bonus plan to which Mr. Myman was a participant as of the date of his termination (together with the Payments,
the “Severance”). Furthermore, pursuant to the Employment Agreement, upon Mr. Myman’s termination (i) at his option
(A) upon 90 days prior written notice to the Company or (B) for Good Reason (as defined in the Employment Agreement), (ii) termination
by the Company without Cause (as defined in the Employment Agreement) or (iii) termination of Mr. Myman’s employment within 40
days of the consummation of a Change in Control Transaction (as defined in the Employment Agreement), Mr. Myman shall receive the Severance;
provided, however, Mr. Myman shall be entitled to a pro-rated Annual Bonus of at least $200,000. In addition, any equity grants issued
to Mr. Myman shall immediately vest upon termination of Mr. Myman’s employment by him for Good Reason or by the Company at its
option upon 90 days prior written notice to Mr. Myman, without Cause.

Brett Blumberg