Fifth Amendment to Cubist Pharmaceuticals, Inc. 1993 Amended and Restated Stock Option Plan

Summary

Cubist Pharmaceuticals, Inc. has amended its 1993 Amended and Restated Stock Option Plan to increase the number of shares granted to directors under nonstatutory options from 2,000 to 10,000 shares, effective May 16, 2000. All other terms of the original plan remain unchanged. This amendment was approved by the company's Board of Directors and is intended to enhance director compensation through stock options.

EX-10.74 27 a2042768zex-10_74.txt EXHIBIT 10.74 Exhibit 10.74 CUBIST PHARMACEUTICALS, INC. FIFTH AMENDMENT TO 1993 AMENDED AND RESTATED STOCK OPTION PLAN This FIFTH AMENDMENT (this "Amendment") to the Amended and Restated 1993 Stock Option Plan, as amended (the "Plan"), of Cubist Pharmaceuticals, Inc., a Delaware corporation (the "Company"), is being adopted by resolution of the Board of Directors at a meeting held on May 16, 2000 (the "Effective Date"). Effective from and after the Effective Date, the Plan is hereby amended as follows: 1. Section 8.2 of the Plan hereby is amended by replacing the reference therein to "2,000 Shares" with "10,000 Shares", said amendment being for the purpose of increasing the number of Shares subject to the Nonstatutory Option granted to Directors on the business day immediately following the annual meeting of stockholders of the Company. Except to the extent amended hereby, all of the terms, provisions and conditions set forth in the Plan are hereby ratified and confirmed and shall remain in full force and effect. The Plan and this Amendment shall be read and construed together as a single instrument.