Iovance Biotherapeutics, Inc. 2018 Equity Incentive Plan Nonqualified Stock Option Award Agreement
This agreement is between Iovance Biotherapeutics, Inc. and an individual participant, granting the participant a nonqualified stock option to purchase company shares under the 2018 Equity Incentive Plan. The agreement outlines the number of shares, exercise price, vesting schedule, and conditions for exercising the option. It also details what happens if the participant’s employment or service ends, including special provisions for death, disability, or retirement. The option cannot be exercised after ten years from the grant date, with certain extensions possible during company-imposed trading restrictions.
Exhibit 10.3
IOVANCE BIOTHERAPEUTICS, INC.
2018 EQUITY INCENTIVE PLAN
NONQUALIFIED STOCK OPTION AWARD AGREEMENT
THIS NONQUALIFIED STOCK OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of [ ] (the “Date of Grant”), by and between Iovance Biotherapeutics, Inc., a Delaware corporation (the “Company”) on behalf of itself and its Affiliates, and [ ] (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the Iovance Biotherapeutics, Inc. 2018 Equity Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”).
WHEREAS, the Compensation Committee of the board of directors (the “Committee”), through its own action or through the action of the full board of directors, has determined that it is in the best interests of the Company and its stockholders to grant the award provided for herein to the Participant on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:
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[Signature page follows]
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IN WITNESS WHEREOF, this Agreement has been executed by the Company and the Participant as of the day first written above.
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| IOVANCE BIOTHERAPEUTICS, INC. |
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| PARTICIPANT |
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| [Insert Name] |
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