Verastem, Inc. 2021 Equity Incentive Plan Non-Statutory Stock Option Agreement (Non-Employee)
This agreement is between Verastem, Inc. and a non-employee participant, granting the participant a non-statutory stock option to purchase company shares under the 2021 Equity Incentive Plan. The option vests over time, subject to continued service, and may become fully vested upon a change in control of the company. The participant must pay the exercise price to acquire shares and is responsible for all related taxes. The agreement also includes restrictions on transfer, forfeiture provisions, and is governed by the terms of the company’s equity plan.
Exhibit 10.4
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
(Non-Employee)
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