Form of Incentive Stock Option Award Agreement

Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.2 2 amrn-ex102_243.htm EX-10.2 amrn-ex102_243.htm

Exhibit 10.2

 

AMARIN CORPORATION plc 2020 STOCK INCENTIVE PLAN

AWARD AGREEMENT

 

This AWARD AGREEMENT (the “Agreement”) is entered into and made effective as of [          ], 20[  ] between Amarin Corporation plc (the “Company”) and [          ] (the “Optionee”). The Company hereby grants to the Optionee Incentive Stock Options (the “Options”) as set forth below.  Capitalized terms used and not defined herein shall have the meanings set forth in the Amarin Corporation plc 2020 Stock Incentive Plan (the “Plan”), which is incorporated by this reference in its entirety.

 

1.

Number of Incentive Stock Options: [          ]

 

2.

Per Share Purchase Price:  $[     ](provided that such Per Share Purchase Price shall not be less than the par

value of the Share at any time, currently £0.50)

3.

Grant Date:  [          ]

 

4.

Date Options Become Exercisable (Vesting): The Options shall vest pursuant to the following table, subject to the Optionee’s Continuous Status as an Employee or Consultant on each such date.

 

Number of

Ordinary Shares

Exercise Dates

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

[          ]

 

5.

Expiration Date:  [          ]

6.

Terms of this Award Agreement:  In the event of a conflict between the provisions of this Agreement and the Plan, except in relation to paragraph 7 below, the provisions of the Plan shall prevail. A copy of the Plan is provided herewith.

 

7.

Non-transferable:  These Options shall not be transferable by the Optionee other than by will or the laws of descent and distribution, and the Options shall be exercisable, during the Optionee’s lifetime, only by the Optionee.

8.

Status of Options:  To the extent any portion of these Options does not qualify as an incentive stock option under Section 422 of the Code, it shall be deemed a non-qualified stock option.

 

By signing this Agreement, you agree to all of the terms and conditions described herein and in the Plan.

 

AMARIN CORPORATION plc OPTIONEE

 

By: ____________________________ Signature: ______________________________

Name: [          ]Name:[          ]

 

Exhibit 10.2

Title: [          ]