EX-10.2(c)





 Exhibit 10.2(c) 

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 

Name:     
 Address:
     
 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:     

Exercise Price:     
 Type of
Option:                 [    ]    Incentive Stock Option 

 [    ]    Nonstatutory Stock Option 

Term/Expiration Date:     

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 












 
Company’s stockholders of record immediately prior to such transaction or series of related transactions hold, immediately after such transaction or series of related transactions, at least
50% of the voting power of the surviving or acquiring entity (provided that the sale by the Company of its securities for the purposes of raising additional funds shall not constitute a Change of Control hereunder); or (2) a sale of all or
substantially all of the assets of the Company. 
 Termination Period: This Option shall be exercisable for ninety (90) days after Optionee
ceases to be a Service Provider. Upon Optionee’s death or Disability, this Option shall be exercisable for one year after Optionee ceases to be Service Provider. In no event may Optionee exercise this Option after the Term/Expiration Date as
provided above. 
 II.    AGREEMENT 
  

	 	1.	 Grant of Option. The Administrator of the Company hereby grants to the Optionee named in the Notice of
Grant in Part I of this Agreement (the “Optionee”), an option (the “Option”) to purchase the number of Shares set forth in the Notice of Grant, at the exercise price per Share set forth in the Notice of Grant (the “Exercise
Price”), and subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option
Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the
Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock Option (“NSO”). 



 

	 	2.	 Exercise of Option. This Option shall be exercisable during its term in accordance with the provisions
of Section 10 of the Plan as follows: 


  

	 	(a)	 Right to Exercise. This Option shall be exercisable cumulatively according to the vesting schedule set
forth in the Notice of Grant. This Option may not be exercised for a fraction of a Share. 


  

	 	(b)	 Method of Exercise. This Option shall be exercisable by delivery of an exercise notice in the form
provided by the Company, which shall state the election to exercise the Option, the number of Shares with respect to which the Option is being exercised, and such other representations and agreements as may be required by the Company. The Exercise
Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by the aggregate Exercise
Price. 


 No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such exercise comply
with Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to the Optionee on the date on which the Option is exercised with respect to such Shares. 

  
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	 	3.	 Optionee’s Representations. In the event the Shares have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”), at the time this Option is exercised, the Optionee shall, if required by the Company, concurrently with the exercise of all or any portion of this Option, deliver to the Company his or her
Investment Representation Statement in the form provided by the Company. 


  

	 	4.	 Lock-Up Period. Optionee hereby agrees that Optionee shall not offer, pledge, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common Stock (or other securities) of the
Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the Company held by Optionee (other than those
included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days following the effective date of any registration
statement of the Company filed under the Securities Act. 


 Optionee agrees to execute and deliver such other agreements as
may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common
Stock (or other securities) of the Company, Optionee shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the
Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section shall not apply to a registration relating solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction
until the end of said one hundred eighty (180) day period. Optionee agrees that any transferee of the Option or shares acquired pursuant to the Option shall be bound by this Section. 

 

	 	5.	 Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a
combination thereof, at the election of the Optionee: 


  

	 	(a)	 cash; 


  

	 	(b)	 check; 


  

	 	(c)	 consideration received by the Company under a formal cashless exercise program adopted by the Company in
connection with the Plan; or 


  

	 	(d)	 surrender of other Shares which, (i) in the case of Shares acquired from the Company, either directly or
indirectly, have been owned by the Optionee, and not 



  
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subject to a substantial risk of forfeiture, for more than six (6) months on the date of surrender, and (ii) have a Fair Market Value on the date of surrender equal to the aggregate
Exercise Price of the Exercised Shares. 

  

	 	6.	 Restrictions on Exercise. This Option may not be exercised if the issuance of such Shares upon such
exercise or the method of payment of consideration for such shares would constitute a violation of any Applicable Law. 


  

	 	7.	 Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will
or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of
the Optionee. 


  

	 	8.	 Term of Option. This Option may be exercised only within the term set out in the Notice of Grant, and
may be exercised during such term only in accordance with the Plan and the terms of this Option. 


  

	 	9.	 Tax Obligations. 



 

	 	(a)	 Withholding Taxes. Optionee agrees to make appropriate arrangements with the Company (or the Parent or
Subsidiary employing or retaining Optionee) for the satisfaction of all Federal, state, local and foreign income and employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may
refuse to honor the exercise and refuse to deliver the Shares if such withholding amounts are not delivered at the time of exercise. 


  

	 	(b)	 Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee herein is an ISO,
and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of Grant, and (2) the date one year after the date of exercise, the Optionee
shall immediately notify the Company in writing within thirty (30) days after such disposition of the date and terms of such disposition. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation
income recognized by the Optionee. 


  

	 	10.	 Entire Agreement; Governing Law. The Plan is incorporated herein by reference. The Plan and this Option
Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof, and may
not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee. This Agreement is governed by the internal substantive laws but not the choice of law rules of Delaware.



  

	 	11.	 No Guarantee of Continued Service. OPTIONEE AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY 



  
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BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND
AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT
ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 


Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby
accepts this Option subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all
provisions of the Option. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Option. Optionee further agrees to notify the Company
upon any change in the residence address indicated below. 
  

	 	12.	 Non-competition;
Non-solicitation. In connection with Optionee’s employment with the Company, Optionee and Company have entered into a Confidentiality, Non-Competition, Non-Solicitation and Inventions Agreement dated as of [date] (the “Agreement”). In consideration of the Option, the Optionee hereby (i) reaffirms his or her obligations under the Agreement, and
(ii) consents and agrees that in the event of a breach or threatened breach by Optionee of any of the terms and conditions of the Agreement (each and all of which are hereby incorporated by reference): 



 

	 	a.	 any unvested portion of the Option shall be forfeited effective as of the date of such breach, unless sooner
terminated by operation of another term or condition of this Agreement or the Plan; and 


  

	 	b.	 the Company shall be entitled to seek, in addition to other available remedies, a temporary or permanent
injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction, without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the
necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, not in lieu of, legal remedies, monetary damages or other available forms of relief. 



[signatures on following page] 

  
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 SIGNATURE PAGE TO STOCK OPTION AGREEMENT – [EMPLOYEE NAME] 

 

	
	“OPTIONEE”
	
	
                   
                             

	[Employee Name]
	[Employee Address]
	[City, State Zip]
	
	TREACE MEDICAL CONCEPTS, INC.
	
	
                   
                             

	John T. Treace,
	Chief Executive Officer


  
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