exv10w41



 







EXHIBIT 10.41




SGX Pharmaceuticals, Inc.

2005 Equity Incentive Plan




Restricted Stock Unit Grant Notice 



SGX Pharmaceuticals, Inc. (the “Company”), pursuant to Section 7(c) of its 2005 Equity
Incentive Plan (the “Plan”), hereby awards to you as a Participant under the Plan a Restricted
Stock Unit for the number of shares of the Company’s Common Stock set forth below (the “Award”).
This Award is subject to all of the terms and conditions as set forth herein and in the applicable
Restricted Stock Unit Agreement and the Plan, both of which are attached hereto and incorporated
herein in their entirety.




	 	 	 
	Participant:
	 	 
	 

	 	 
	Date of Grant:
	 	 
	 

	 	 
	Number of Shares subject to the Award:
	 	 
	 

	 	 
	Consideration:

	 	Participant’s services to the Company
	 

	 	 




Vesting Schedule: The shares subject to this Award will vest in accordance with the following
schedule, provided that the vesting will cease upon the termination of Participant’s Continuous
Service:



Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of, and
understands and agrees to, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit
Agreement and the Plan. Participant further acknowledges that as of the Date of Grant, this
Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement and the Plan set forth the
entire understanding between Participant and the Company regarding the acquisition of Restricted
Stock Units of the Company and supersede all prior oral and written agreements on that subject with
the exception of (i) Stock Awards previously granted and delivered to Participant under the Plan,
and (ii) the following agreements only:




	 	 	 
	Other Agreements:
	 	 
	 

	 	 
	 
	 	 
	 

	 	 





 









 





	 	 	 	 	 	 	 
	Participant	 	SGX Pharmaceuticals, Inc. 
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 	 	 	 	 
	 

	 	Signature
	 	 	 	Signature
	 
	 	 	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 
	 

	 	Print
	 	 	 	Print
	 
	 	 	 	 	 	 
	Date:

	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 
	 

	 	 	 	 	 	 





Attachments: Restricted Stock Unit Agreement, 2005 Equity Incentive Plan





 









 








Attachment I




Restricted Stock Unit Agreement




 









 








Attachment II




2005 Equity Incentive Plan





 










 










SGX Pharmaceuticals, Inc.

2005 Equity Incentive Plan




Restricted Stock Unit Agreement — Executive




     Pursuant
to your Restricted Stock Unit Grant Notice (“Grant
Notice”) and this Restricted
Stock Unit Agreement (this “Agreement”), SGX
Pharmaceuticals, Inc. (the “Company”) has awarded you
a Restricted Stock Unit under Section 7(c) of the SGX Pharmaceuticals, Inc. 2005 Equity Incentive
Plan (the “Plan”) for the number of shares of the Company’s common stock (the “Common Stock”)
indicated in the Grant Notice (collectively, the
“Award”). Defined terms not explicitly defined
in this Agreement but defined in the Plan shall have the same definitions as in the Plan.



     The details of your Award are as follows.



     1. Distribution of Shares of Common Stock. The Company will deliver to you
a number of shares of Common Stock equal to the number of vested shares of Common Stock subject to
your Award on the vesting date or dates provided in your Grant Notice; provided, however, that to
the extent a vesting date occurs no sooner than 12 months following the Date of Grant specified in
your Grant Notice and if, within the 30-day period following the Date of Grant indicated on your
Grant Notice, you elect to defer delivery of such shares of Common Stock beyond the vesting date,
then the Company will deliver such shares to you on the date or dates that you so elect (the
“Settlement Date”); provided further, that notwithstanding any such deferral election, upon
termination of your Continuous Service, all vested shares of Common Stock subject to your Award
shall be delivered to you as soon as practicable after your date of termination. If such deferral
election is made, the Board (or appropriate committee thereof) will, in its sole discretion,
establish the rules and procedures for such deferrals. Notwithstanding the foregoing, in the
event that the Company determines that you are subject to its policy regarding insider trading of
the Company’s stock and any shares of Common Stock subject to your Award are scheduled to be
delivered on a day (the “Original Distribution
Date”) that does not occur during an open “window
period” applicable to you, as determined by the Company in accordance with such policy, then such
shares shall not be delivered on such Original Distribution Date and shall instead be delivered as
soon as practicable within the next open “window period” applicable to you pursuant to such
policy.



     2. Consideration. The Common Stock delivered to you pursuant to Section 1
of this Agreement shall be deemed paid, in whole or in part, in consideration of your services to
the Company in the amounts and to the extent required by law.



     3. Vesting. Subject to the limitations contained herein, your Award will
vest as provided in the Grant Notice, provided that vesting will cease upon the termination of
your Continuous Service. Notwithstanding the foregoing, if you elect to defer receipt of the
shares pursuant to Section 1 of this Agreement, then any shares subject to this Award that would
otherwise vest prior to the date that is 12 months following the date of such election shall
instead vest on the date that is 12 months following the date of your election to defer.



 









 





     4. Number of Shares. The number of shares of Common Stock subject to your
Award referenced in your Grant Notice may be adjusted from time to time for Capitalization
Adjustments as set forth in the Plan.



     5. Conditions to Issuance and Delivery of Shares. Notwithstanding any other
provision of this Agreement or the Plan, the Company will not be obligated to issue or deliver any
shares of Common Stock pursuant to this Agreement (i) until all conditions to the Award have been
satisfied or removed, (ii) until, in the opinion of counsel to the Company, all applicable federal
and state laws and regulations have been complied with, (iii) if the outstanding Common Stock is
at the time listed on any stock exchange or included for quotation on an inter-dealer system,
until the shares to be delivered have been listed or included or authorized to be listed or
included on such exchange or system upon official notice of notice of issuance, (iv) if it might
cause the Company to issue or sell more shares of Common Stock than the Company is then legally
entitled to issue or sell, and (v) until all other legal matters in connection with the issuance
and delivery of such shares have been approved by counsel to the Company.



     6. Execution of Documents. You hereby acknowledge and agree that the
manner selected by the Company by which you indicate your consent to your Grant Notice is also
deemed to be your execution of your Grant Notice and of this Agreement. You further agree that
such manner of indicating consent may be relied upon as your signature for establishing your
execution of any documents to be executed in the future in connection with your Award. This
Agreement shall be deemed to be signed by the Company and you upon the respective signing by the
Company and you of the Grant Notice to which it is attached.



     7. Non-transferability. Your Award is not transferable, except by will or
by the laws of descent and distribution. Notwithstanding the foregoing, by delivering written
notice to the Company, in a form satisfactory to the Company, you may designate a third party who,
in the event of your death, will thereafter be entitled to receive any distribution of shares
pursuant to Section 1 of this Agreement.



     8. Award Not a Service Contract. Your Award is not an employment or
service contract, and nothing in your Award will be deemed to create in any way whatsoever any
obligation on your part to continue in the employ of the Company or an Affiliate, or on the part
of the Company or an Affiliate to continue your employment. In addition, nothing in your Award
will obligate the Company or an Affiliate, their respective stockholders, boards of Directors or
Employees to continue any relationship that you might have as a Director or Consultant for the
Company or an Affiliate.



     9. Unsecured Obligation. Your Award is unfunded, and as a holder of a
vested Award, you will be considered an unsecured creditor of the Company with respect to the
Company’s obligation, if any, to issue shares of Common Stock pursuant to this Agreement. You
will not have voting or any other rights as a stockholder of the Company with respect to the
shares of Common Stock issued pursuant to this Agreement until such shares are issued to you
pursuant to Section 1 of this Agreement. Upon such issuance, you will obtain full voting and
other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action
taken pursuant to its provisions, will create or be construed to create



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a trust of any kind or a fiduciary relationship between you and the Company or any other
person.



     10. Withholding Obligations.



          (a) On or before the time you receive a distribution of shares pursuant to your Award, or at
any time thereafter as requested by the Company, you hereby authorize withholding from, at the
Company’s election, vested shares of Common Stock distributable to you, payroll and any other
amounts payable to you and otherwise agree to make adequate provision for, as determined by the
Company, any sums required to satisfy the federal, state, local and foreign tax withholding
obligations of the Company or an Affiliate, if any, which arise in connection with your Award.




          (b) Unless the tax withholding obligations of the Company or any Affiliate are satisfied, the
Company will have no obligation to issue a certificate for such shares of Common Stock in
connection with your Award.




     11. Notices. All notices with respect to the Plan shall be in writing and
shall be hand delivered or sent by first class mail or reputable overnight delivery service,
expenses prepaid. Notice may also be given by electronic mail or facsimile and shall be effective
on the date transmitted if confirmed within 24 hours thereafter by a signed original sent in a
manner provided in the preceding sentence. Notices to the Company or the Board shall be delivered
or sent to the Company’s headquarters, to the attention of its Chief Financial Officer. Notices
to any Participant or holder of shares of Common Stock issued pursuant to an Award shall be
sufficient if delivered or sent to such person’s address as it appears in the regular records of
the Company or its transfer agent.



     12. Headings. The headings of the Sections in this Agreement are inserted
for convenience only and will not be deemed to constitute a part of this Agreement or to affect
the meaning of this Agreement.



     13. Amendment. This Agreement may be amended only by a writing executed by
the Company and you which specifically states that it is amending this Agreement. Notwithstanding
the foregoing, this Agreement may be amended solely by the Board (or appropriate committee
thereof) by a writing which specifically states that it is amending this Agreement, so long as a
copy of such amendment is delivered to you, and provided that no such amendment adversely
affecting your rights hereunder may be made without your written consent. Without limiting the
foregoing, the Board (or appropriate committee thereof) reserves the right to change, by written
notice to you, the provisions of this Agreement in any way it may deem necessary or advisable to
carry out the purpose of the grant as a result of any change in applicable laws or regulations or
any future law, regulation, ruling, or judicial decision, provided that any such change will be
applicable only to rights relating to that portion of the Award which is then subject to
restrictions as provided herein.



     14. Miscellaneous.




          (a) The rights and obligations of the Company under your Award will be transferable by the
Company to any one or more persons or entities, and all covenants and


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agreements hereunder will inure to the benefit of, and be enforceable by the Company’s
successors and assigns. Your rights and obligations under your Award may not be assigned by you,
except with the prior written consent of the Company.




          (b) You agree upon request to execute any further documents or instruments necessary or
desirable in the sole determination of the Company to carry out the purposes or intent of your
Award.




     15. Governing Plan Document. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and is further subject
to all interpretations, amendments, rules and regulations which may from time to time be
promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions
of your Award and those of the Plan, the provisions of the Plan will control; provided, however,
that Section 1 of this Agreement will govern the timing of any distribution of Shares under your
Award. The Board (or appropriate committee thereof) will have the power to interpret the Plan and
this Agreement and to adopt such rules for the administration, interpretation, and application of
the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken
and all interpretations and determinations made by the Board (or appropriate committee thereof)
will be final and binding upon you, the Company, and all other interested persons. No member of
the Board (or appropriate committee thereof) will be personally liable for any action,
determination, or interpretation made in good faith with respect to the Plan or this Agreement.



     16. Effect on Other Employee Benefit Plans. The value of the Award subject
to this Agreement will not be included as compensation, earnings, salaries, or other similar terms
used when calculating the Employee’s benefits under any employee benefit plan sponsored by the
Company or any subsidiary except as such plan otherwise expressly provides. The Company expressly
reserves its rights to amend, modify, or terminate any of the Company’s or any subsidiary’s
employee benefit plans.



     17. Choice of Law. The interpretation, performance and enforcement of this
Agreement will be governed by the law of the state of California without regard to such state’s
conflicts of laws rules.



     18. Severability. If all or any part of this Agreement or the Plan is
declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or
invalidity will not invalidate any portion of this Agreement or the Plan not declared to be
unlawful or invalid. Any Section of this Agreement (or part of such a Section) so declared to be
unlawful or invalid will, if possible, be construed in a manner which will give effect to the
terms of such Section or part of a Section to the fullest extent possible while remaining lawful
and valid.




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