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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 September 16, 2020, the Board of Directors of Intec Pharma Ltd. (the “Company”), upon recommendation of its Compensation Committee, approved an executive retention award to each of Nir Sassi, the Company’s Chief Financial Officer and Walt A. Linscott, the Company’s Chief Business Officer, of 100,000 options to purchase ordinary shares of the Company pursuant to the Company’s 2015 Equity Incentive Plan. The foregoing options have an exercise price of $0.3215 per share, have a seven-year term and, subject to the executive’s continued employment with the Company on the vesting date, vest on December 31, 2021.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 18, 2020
|INTEC PHARMA LTD.|
|By:||/s/ Nir Sassi|
|Chief Financial Officer|