Form of Inducement Nonstatutory Stock Option Agreement
Number of Shares of Stock subject to the Stock Option:
Exercise Price Per Share:
Date of Grant:
Vesting Commencement Date:
Non-Statutory Stock Option Agreement
This agreement (this “Agreement”) evidences an inducement grant of a stock option by Verastem, Inc., a Delaware corporation (the “Company”), to the individual named above (the “Participant”). The stock option is granted to the Participant in connection with the Participant’s entering into employment with the Company and is regarded by the parties as an inducement material to the Participant’s entering into employment within the meaning of NASDAQ Listing Rule 5635(c)(4).
The stock option shall be subject to and governed by, and shall be construed and administered in accordance with, the terms and conditions of the Verastem, Inc. 2021 Equity Incentive Plan (as from time to time amended and in effect, the “Plan”), which terms and conditions are incorporated herein by reference, except for those terms and conditions contained in Section 4(a) of the Plan and any amendments to Section 4(a) of the Plan. Notwithstanding the foregoing, the stock option is not awarded under the Plan and the grant of the stock option and issuance of any share of Stock pursuant to exercise of the stock option shall not reduce the number of shares of Stock available for issuance under awards pursuant to 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.
[Signature page follows.]
The Company, by its duly authorized officer, and the Participant have executed this Agreement.
Agreed and Accepted:
Signature Page to Stock Option Agreement