GTC Biotherapeutics, Inc. 2002 Equity Incentive Plan Incentive Stock Option Award Agreement
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Summary
This agreement is between GTC Biotherapeutics, Inc. and an employee who is granted an incentive stock option under the company's 2002 Equity Incentive Plan. It outlines the terms for exercising the option, including the price, schedule, and method of exercise. The agreement specifies that the option is non-transferable, subject to certain conditions if employment ends, and may be affected by corporate events like mergers. The option is intended to qualify for favorable tax treatment, but this is not guaranteed. The employee must notify the company if shares are sold within certain timeframes.
EX-10.3 4 dex103.htm FORM OF INCENTIVE STOCK OPTION AWARD Form of Incentive Stock Option Award
Exhibit 10.3
GTC BIOTHERAPEUTICS, INC. 2002 EQUITY INCENTIVE PLAN
Form of Incentive Stock Option Terms And Conditions