Company: SINT
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001641172-25-009063
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Company: Sintx Technologies, Inc.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 5.02
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Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

On
May 2, 2025 the Board of Directors ( the “ Board”) of SINTX Technologies, Inc. (the “ Company”) approved and on
May 5, 2025, the Company entered into new Executive Employment Agreements (the “ Agreements”) with its Chief Executive Officer
and President Eric K. Olson and its Chief Investment Officer Gregg Honigblum. The Agreements replace and supersede in their entirety
the Executive Employment Agreements and the Change-in-Control Agreements previously entered into between the Company and Messer’s
Olson and Honigblum. The Agreements each have a term of two (2) years and are subject to automatic renewal for additional one-year periods
unless either the Company or Mr. Olson or Mr. Honigblum provides ninety (90) days advance written notice of intent not to renew. The
respective Agreements provide for an annual base salary of $375,000 for Mr. Olson and $325,000 for Mr. Honigblum. Mr. Olson and Mr. Honigblum
are each eligible to receive annual cash bonuses and participate in awards under Company equity incentive plans, on terms and conditions
as determined by the Board and participate in such health, group insurance, welfare, pension, and other employee benefit plans, programs,
and arrangements as are made generally available from time to time to other employees of the Company. Mr. Olson is also entitled to earn
an annual target cash bonus opportunity of 40% of one year’s base salary and Mr. Honigblum is entitled to earn an annual target
cash bonus opportunity of 35% of one year’s base salary. Payment of the annual target cash bonus shall be based on an evaluation
of performance and peer group compensation practices, taking into account Company and individual performance objectives.

The
Agreements also provide that, in the event of termination of Mr. Olson’s or Mr. Honigblum’s employment without cause or for
good reason, the terminated executive will be eligible to receive, in addition to accrued salary and other benefits, severance payments
equal to his base salary for a period equal to twelve months. The respective Agreements also contain provisions addressing potential
benefits upon the occurrence of a change-in-control of the Company. Among other things, the Agreements provide that