Alkermes, Inc. 2008 Restricted Stock Unit Award Certificate (Time Vesting Only)
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Summary
Alkermes, Inc. grants a Restricted Stock Unit (RSU) award to an employee under its 2008 Stock Option and Incentive Plan. The RSU entitles the recipient to receive a specified number of company shares, which vest over time according to a set schedule. If the employee's employment ends due to death or permanent disability, all unvested RSUs immediately vest. The award is subject to the terms of both the certificate and the company's incentive plan.
EX-10.1 2 b75643aiexv10w1.htm EX-10.1 2008 STOCK OPTION AND INCENTIVE PLAN,RESTRICTED STOCK UNIT AWARD CERTIFICATE (TIME VESTING ONLY) exv10w1
Exhibit 10.1
Restricted Stock Unit Award Certificate |  | |
(Time Vesting Only) | ID: XXXXXXXX | |
| 88 Sidney Street | ||
| Cambridge, MA 02139 |
«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME» | Option Number: | |
«ADDRESS_LINE_1» | Plan: | |
«ADDRESS_LINE_2» | ||
«ADDRESS_LINE_3» | ||
«CITY», «STATE» «ZIP_CODE» | ID: | |
Effective «GRANT_DATE», you have been granted a Restricted Stock Unit (“RSU”) award. The RSU award is for a total of «SHARES_GRANTED» shares of Alkermes, Inc. (the “Company”) common stock.
The right to acquire the shares subject to the RSU award will become fully vested on the dates shown below:
| Shares | Vest Date | |||
«SHARES_PERIOD_1» | ||||
«SHARES_PERIOD_2» | ||||
«SHARES_PERIOD_3» | ||||
«SHARES_PERIOD_4» | ||||
In the event of the termination of your employment with the Company (but not the termination of a non-employment relationship with the Company) by reason of death or permanent disability, the RSU award shall vest in full on such termination of employment.
The foregoing RSU award has been granted under and is governed by the terms and conditions of this Certificate and the Alkermes 2008 Stock Option and Incentive Plan.
