Alkermes plc Non-Employee Director Non-Qualified Stock Option Award Certificate (2011 Plan)
Alkermes plc has granted a non-employee director a non-qualified stock option to purchase a specified number of company shares at a set price, under the Alkermes plc 2011 Stock Option and Incentive Plan. The option vests according to details available online and expires ten years from the grant date. If the director's service ends, the option fully vests and remains exercisable for three years after termination, unless the original term ends sooner. The award is governed by the terms of the certificate and the 2011 Plan.
Exhibit 10.3
2011 Plan – US certificate
| Stock Option Award Certificate (NON-EMPLOYEE DIRECTOR)
|
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 a Non-Qualified 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 Non-Qualified Stock Option shall expire on the 10th anniversary of the date of grant (unless otherwise provided below).
In the event of the termination of your service relationship with the Company, the Non-Qualified Stock Option shall vest and be exercisable in full on such termination of service relationship and the period during which the Non-Qualified Stock Option (to the extent that it is exercisable on the date of termination of the service relationship) may be exercised shall be three (3) years following the date of termination of the service relationship, but not beyond the original term of the Non-Qualified Stock Option.
The foregoing Non-Qualified 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 |
