BioMarin Pharmaceutical Inc. 2014 Inducement Plan Stock Option Agreement
This agreement grants an employee the right to purchase shares of BioMarin Pharmaceutical Inc. under the 2014 Inducement Plan. The option vests gradually: a portion vests after six months of continuous service, with the remainder vesting monthly thereafter, provided the employee remains with the company. The option expires ten years from the grant date unless terminated earlier under the plan's terms. Key details such as the number of shares, exercise price, and grant date are specified in the agreement.
Exhibit 10.60
BIOMARIN PHARMACEUTICAL INC.
2014 Inducement Plan (the “Plan”)
STOCK OPTIONS AGREEMENT
Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Stock Options Agreement.
| I. | NOTICE OF STOCK OPTION GRANT |
You have been granted an Option to purchase Shares of the Company (the “Option Shares”), subject to the terms and conditions of the Plan and this Stock Options Agreement, as follows:
| Grant Number: |
|
| Grant Date: |
|
| Exercise Price per Share: |
|
| Total Number of Shares Granted: |
|
| Type of Option: |
|
| Term/Expiration Date: | See below. |
Vesting Schedule:
Subject to accelerated vesting as set forth in the Plan, this Option may be exercised, in whole or in part, in accordance with the following schedule, conditioned on your Continuous Service to the Company on such dates:
6/48ths of the Option Shares shall vest upon your completion of six months of Continuous Service following the Grant Date (the “Initial Vesting Date”).
1/48 of the Option Shares shall vest upon your completion of each additional month of Continuous Service following the Initial Vesting Date.
The Option expires 10 years after the Grant Date, subject to earlier termination as set forth in the Plan.
1
BMRN/36814.v2
