Verastem, Inc. 2021 Equity Incentive Plan Non-Statutory Stock Option Agreement with Participant
This agreement is between Verastem, Inc. and an individual participant, granting the participant a non-statutory stock option under the company's 2021 Equity Incentive Plan. The agreement outlines the number of shares, exercise price, vesting schedule, and conditions for exercising the option. The participant must remain employed to vest, and unvested options are forfeited upon employment termination. The agreement also covers transfer restrictions, tax obligations, and the impact of a change in control. All terms are subject to the provisions of the underlying equity incentive plan.
Exhibit 10.3
Name: | [_________] |
Number of Shares of Stock subject to the Stock Option: | [_________] |
Exercise Price Per Share: | $[_________] |
Date of Grant: | [_________] |
Vesting Commencement Date: | [_________] |
VERASTEM, INC.
2021 Equity Incentive Plan
Non-Statutory Stock Option Agreement
This agreement (this “Agreement”) evidences a stock option granted by Verastem, Inc., a Delaware corporation (the “Company”), to the individual named above (the “Participant”), pursuant to and subject to the terms of the Verastem, Inc. 2021 Equity Incentive Plan (as from time to time amended and in effect, the “Plan”). Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan.
The Stock Option evidenced by this Agreement is a non-statutory option (that is, an option that is not intended to qualify as an incentive stock option) and is granted to the Participant in connection with the Participant’s Employment.
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[Signature page follows.]
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The Company, by its duly authorized officer, and the Participant have executed this Agreement.
VERASTEM, INC.
By: ______________________________
Name: ___________________________
Title: ______________________________
Agreed and Accepted:
By_______________________________
[Participant’s Name]
Signature Page to Stock Option Agreement