Alkermes plc Restricted Stock Unit Award Certificate for Chairman and CEO under 2008 Plan
Alkermes plc grants a Restricted Stock Unit (RSU) award to its Chairman and Chief Executive Officer under the company's 2008 Stock Option and Incentive Plan. The award entitles the executive to receive a specified number of company shares, subject to a vesting schedule. The executive must remain employed by Alkermes or its subsidiaries on each vesting date to receive the shares. If employment ends due to death or permanent disability, all unvested RSUs vest immediately. The agreement outlines the terms and conditions governing the RSU award.
Exhibit 10.6
2008 Plan – US Certificate
| Restricted Stock Unit Award Certificate (Time Vesting Only)
|
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 Restricted Stock Unit (“RSU”) award. The RSU award is for a total of «SHARES_GRANTED» shares of Alkermes plc. (the “Company”) ordinary shares.
The RSU award is granted under and is governed by the terms and conditions of this Restricted Stock Unit Award Certificate and the Alkermes plc Amended and Restated 2008 Stock Option and Incentive Plan (the “Plan”). Unless otherwise defined in this Award Certificate, all capitalized terms shall be as defined in the Plan.
The right to acquire the shares subject to the RSU award will become fully vested according to the following vesting schedule : ***ADD VESTING SCHEDULE***
You must be employed by the Company on a vesting date in order to receive the RSU award shares that vest on that date. For the purpose of the terms of this RSU award, 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.
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.
| ____________________________________________ Alkermes plc | ______________________ Date |
