2015 Equity Incentive Plan Award Agreement for Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2015 Equity Incentive Plan, under which executive officers receive equity awards in the form of non-qualified stock options and time-based restricted stock units. The plan specifies the number of shares granted to each executive and details a four-year vesting schedule: 50% of the awards vest after two years, with the remaining 50% vesting in equal parts over the next two years. The plan is designed to incentivize and retain key executives by aligning their interests with company performance.

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EX-10.3 4 exhibit103-2015equityincen.htm EXHIBIT 10.3 Exhibit 10.3 - 2015 Equity Incentive Plan


Exhibit 10.3
2015 Equity Incentive Plan

The 2015 Equity Incentive Plan provides for the issuance of equity incentive awards in the form of (i) non-qualified stock options; and (ii) time-based restricted stock units.

Executive Officer
Time-Based Restricted Stock Units
(# shares)
Non-Qualified Stock Options (# shares)
Douglas Bryant
President and Chief Executive Officer
12,815
93,847
Robert Bujarski
Senior Vice President, Business Development and General Counsel
4,805
35,192
Werner Kroll
Senior Vice President, Research and Development
4,805
35,192
Mark Smits
Senior Vice President, Commercial Operations, North America
4,485
32,846
Randall Steward
Chief Financial Officer
5,339
39,103
John Tamerius
Senior Vice President, Clinical and Regulatory Affairs
4,485
32,846


The vesting period for the non-qualified stock options and restricted stock units is over four years with the first 50% of such equity awards vesting at the end of the second-year anniversary of the grant date and the remainder vesting 25% annually on each of the following two anniversaries thereafter.