Alkermes plc Incentive Stock Option Award Certificate for Chairman and CEO under 2011 Plan
Alkermes plc has granted its Chairman and Chief Executive Officer an Incentive Stock Option to purchase company shares at a specified price, under the 2011 Stock Option and Incentive Plan. The option vests over time and expires either ten years from the grant date or three months after employment ends, unless extended in cases of death or permanent disability. Full details, including vesting schedule, are available online. The award is governed by the terms of the certificate and the company's stock plan.
Exhibit 10.26.1
2011 Plan – US certificate
| Stock Option Award Certificate (INCENTIVE STOCK OPTION) (Time Vested) |
ID: XXXXXXXX Connaught House 1 Burlington Rd. Dublin 4, Ireland |
| «FIRST_NAME» «MIDDLE_NAME» «LAST_NAME» «ADDRESS_LINE_1» «ADDRESS_LINE_2» «ADDRESS_LINE_3» «CITY», «STATE» «ZIP_CODE» | Option Number: Plan:
ID: |
Effective «GRANT_DATE», you have been granted an Incentive Stock Option to buy «SHARES_GRANTED» shares of Alkermes plc. (the “Company”) common stock at «OPTION_PRICE» per share.
Vesting details are available via your Bank of America Merrill Lynch Benefits Online account. The Incentive Stock Option shall expire on the earlier to occur of: the 10th anniversary of the date of grant or three months after termination of your service relationship with the Company (unless otherwise provided below).
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 Incentive Stock Option shall vest and be exercisable in full on such termination of employment and the period during which the Incentive Stock 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 Incentive Stock Option. For the purpose of the terms of this Incentive Stock Option, you will be deemed to be employed by the Company so long as you remain employed by a company which continues to be a subsidiary of the Company.
The foregoing Incentive Stock Option has been granted under and is governed by the terms and conditions of this Stock Option Award Certificate and the Alkermes plc 2011 Stock Option and Incentive Plan, as amended (the “Plan”).
| ____________________________________________ Alkermes plc | ______________________ Date |
