EX-10.1 Stock Option Award Certificate
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EX-10.1 2 b72578aiexv10w1.htm EX-10.1 STOCK OPTION AWARD CERTIFICATE exv10w1
Exhibit 10.1
Stock Option Award Certificate | ||
(NON-QUALIFIED OPTION) | ID: XXXXXXXX | |
| 88 Sidney Street | ||
| Cambridge, MA 02139 |
«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME» | Option Number: | «NUM» | ||
«ADDRESS_LINE_1» | Plan: | «PLAN_NAME» | ||
«ADDRESS_LINE_2» | ||||
«ADDRESS_LINE_3» | ||||
«CITY», «STATE» «ZIP_CODE» | ID: | «ID» |
Effective «GRANT_DATE», you have been granted a non-qualified Option to buy «SHARES_GRANTED» shares of Alkermes, Inc. (the “Company”) common stock at «OPTION_PRICE» per share.
The total option price of the shares granted is «TOTAL_OPTION_PRICE».
Shares in each period will become fully vested on the date shown.
| Shares | Vest Date | Expiration | ||
«SHARES_PERIOD_1» | ||||
«SHARES_PERIOD_2» | ||||
«SHARES_PERIOD_3» | ||||
«SHARES_PERIOD_4» |
In the event of the termination of your employment with the Company by reason of retirement, the vesting and exercisability of the Option shall be accelerated, and the period during which the Option (to the extent it is exercisable on the date of retirement) may be exercised shall be extended, as follows:
Age at retirement and full years of cumulative service as an employee of the Company at retirement (but not including any service in a non-employment relationship with the Company) | Acceleration of vesting date | Exercise period following date of termination of employment by reason of retirement (but not beyond the original term of the Option) | ||
60 or over and at least 6 years | 1 year | 1 year | ||
62.5 or over and at least 8 years | 2 years | 2 years | ||
65 or over and at least 10 years | 4 years | 3 years |
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 Option shall vest and be exerciseable in full on such termination of employment and the period during which the Option (to the extent that it is exercisable on the date of termination of employment) may be exercised shall be three (3) years following the date of termination of employment by reason of death or permanent disability, but not beyond the original term of the Option.
The foregoing Option has been granted under and is governed by the terms and conditions of this Certificate and the Alkermes 2008 Stock Option and Incentive Plan.
