AKCEA THERAPEUTICS, INC.
2015 EQUITY INCENTIVE PLAN
ADOPTED BY THE BOARD OF DIRECTORS: DECEMBER 16, 2015
APPROVED BY THE STOCKHOLDERS: DECEMBER 16, 2015
AMENDED BY THE BOARD OF DIRECTORS: JULY 15, 2016
APPROVED BY THE STOCKHOLDERS: JULY 15, 2016
AMENDED BY THE BOARD OF DIRECTORS: MAY 2, 2017
APPROVED BY THE STOCKHOLDERS: JUNE 19, 2017
AMENDED BY THE BOARD OF DIRECTORS: DECEMBER 5, 2017
APPROVED BY THE STOCKHOLDERS: APRIL 17, 2018
AMENDED BY THE BOARD OF DIRECTORS: SEPTEMBER 28, 2018
APPROVED BY THE STOCKHOLDERS: NOVEMBER 21, 2018
AMENDED BY THE BOARD OF DIRECTORS: DECEMBER 13, 2019
APPROVED BY THE STOCKHOLDERS: MARCH 2, 2020
TERMINATION DATE: DECEMBER 15, 2025
(a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are Employees, Directors and Consultants.
(b) Available Stock Awards. The Plan provides for the grant of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Restricted Stock Awards, (iv) Restricted Stock Unit Awards, and (v) Stock Appreciation Rights.
(c) Purpose. The Company, by means of the Plan, seeks to secure and retain the services of the group of persons eligible to receive Stock Awards as set forth in Section 1(a), to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate, and to provide a means by which such eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of Stock Awards.
(a) Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration of the Plan to a Committee, as provided in Section 2(c).
(b) Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan:
(i) To determine from time to time (A) which of the persons eligible under the Plan shall be granted Stock Awards; (B) when and how each Stock Award shall be granted; (C) what type or combination of types of Stock Award shall be granted; (D) the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive cash or Common Stock pursuant to a Stock Award; (E) the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person; and (F) the Fair Market Value applicable to a Stock Award.