SINTX Technologies amends CEO employment agreement, extends term to 12 months and adds change of control provisions

Sintx Technologies, Inc.

CEO Eric K. Olson's employment term extended from 6 to 12 months, with automatic 6-month renewals unless notice given.
New Change of Control Agreement provides for full vesting of all outstanding options, restricted stock, and other equity upon change of control.
Severance after change of control: lump sum equal to 1x highest annual salary including bonuses over prior 3 years, plus 12 months health coverage.
Change of control defined as 50% voting power acquisition, merger, asset sale, or board composition change not approved.
Gross-up provision for excise tax under Section 4999 if severance payments exceed limits.

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