TREACE MEDICAL CONCEPTS, INC.
2014 STOCK PLAN
STOCK OPTION AGREEMENT
Unless otherwise defined herein, the terms defined in the 2014 Stock Plan, as amended (the Plan) shall have the same defined meanings in this Stock Option Agreement.
I. NOTICE OF STOCK OPTION GRANT
The undersigned Optionee has been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows:
Date of Grant:
Vesting Commencement Date:
Exercise Price per Share:
Total Number of Shares Granted:
Type of Option: [ ] Incentive Stock Option
[ ] Nonstatutory Stock Option
Vesting Schedule: This Option shall be exercisable in whole or in part, according to the following vesting schedule. Twenty-five percent (25%) of the Shares subject to the Option shall vest on each of the first through fourth anniversaries of the Vesting Commencement Date, subject to Optionee continuing to be a Service Provider through each such date.
Notwithstanding the foregoing vesting schedule and anything contrary in the Plan, immediately upon a merger of the Company or a Change of Control (as defined below) Optionee shall fully vest in and have the right to exercise 100% of the Shares as of the date of such event.
Change of Control means either: (l) the acquisition of the Company by another entity by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation or stock transfer, but excluding any such transaction effected primarily for the purpose of changing the domicile of the Company), unless the