Item 1.02 Termination of Material Definitive Agreement.
On November 26, 2024, Oragenics, Inc. (the "Company") notified its President, J. Michael Redmond ("Executive"), that it was not renewing his Employment Agreement (the "Agreement") dated December 28, 2023. The initial term of the Agreement is one year. However, pursuant to the Agreement, the initial term automatically renews for one additional year unless either party provides the other party with a notice of non-renewal at least 30 days prior to the expiration of the initial term. Accordingly, as a result of the Company's non-renewal notice, Executive's employment under the Agreement will terminate upon the expiration of the initial term. Certain provisions of the Agreement survive the expiration of the Agreement in accordance with the terms of the Agreement.
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Oragenics Inc. published this content on November 29, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 29, 2024 at 22:02:11.210.