Notice of Termination and Release and Waiver, Dated August 11, 2026, by and Between Adial Pharmaceuticals, Inc. and Tony Goodman
ADIAL PHARMACEUTICALS, INC.
| 4870 Sadler Road, Ste 300 Glen Allen, VA 23060 USA +1.804.487.8196 www.adialpharma.com |
August 11, 2026
***VIA EMAIL ***
Tony Goodman
Re: Notice of Termination of Employment
Dear Tony,
This letter serves as formal notice that your employment with Adial Pharmaceuticals, Inc. (the “Company”) is being terminated by the Company without Cause effective August 11, 2026 (the “Termination Date”).
Your termination is being made pursuant to Section 4.2.6 of your Employment Agreement dated April 1, 2025, as amended June 11, 2026 (collectively, the “Employment Agreement”). Capitalized terms used herein without definition shall have the meanings assigned in the Employment Agreement. The Company will pay your final wages for all accrued and unpaid Base Salary, including any accrued but unused vacation, in accordance with the Company’s standard payroll practices through the Termination Date, which final wages shall be paid on or before the Company’s next regularly scheduled payroll. You will also be entitled to reimbursement of all reasonable business expenses incurred as of the Termination Date in accordance with the Company’s expense reimbursement policy. You receive the earned compensation and reimbursement of business expenses even if you do not sign this Agreement.
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