Form of Conceptus, Inc. Joseph Sharpe Restricted Stock Unit Award Agreement



 Exhibit 10.2 
 CONCEPTUS, INC. 
 JOSEPH SHARPE RESTRICTED STOCK UNIT AGREEMENT

 This JOSEPH SHARPE RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”) is entered into effective as of
January [    ], 2013 (the “Grant Date”), by and between Conceptus, Inc. (the “Company”) and Joseph Sharpe (“Participant”). 

This Award (as defined below) is being granted as an inducement material, within the meaning of NASDAQ Listing Rule 5635(c)(4), for
Participant to enter into employment with the Company pursuant to that certain offer of employment letter, dated as of December 7, 2012, by and between the Company and Participant (the “Offer Letter”). The grant of the
restricted stock units (“RSUs”) contemplated hereby shall be in full satisfaction of the Company’s obligation to grant an award of RSUs to Participant pursuant to the Offer Letter. Capitalized terms used herein shall have the
meanings given to such terms in Section 2.15 of this Agreement. 
 ARTICLE 1. 

GRANT, VESTING AND ISSUANCE OF RESTRICTED STOCK UNITS 
 1.1 Award of RSUs. In consideration of Participant’s agreement to commence and continue in employment with the Company or a Subsidiary and as an inducement material, within the meaning of
NASDAQ Listing Rule 5635(c)(4) to enter into such employment, and for other good and valuable consideration, effective as of the Grant Date, the Company hereby grants to Participant an award of twenty-five thousand two hundred (25,200) RSUs
(the “Award”) upon and subject to the terms and conditions set forth in this Agreement. Each RSU represents the right to receive one share (each, a “Share”) of the Company’s common stock, par value $0.003 per
share (“Common Stock”), which Share shall be issued following vesting in accordance with Section 1.4 below. 
 1.2 Consideration to the Company. In consideration of the grant of the Award by the Company, Participant agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing
in this Agreement shall confer upon Participant any right to continue as a Service Provider of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby
expressly reserved, to discharge or terminate the services of Participant at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and
Participant. 
 1.3 Employment Inducement Grant. This Award is intended to constitute an “employment inducement
grant” under NASDAQ Listing Rule 5635(c)(4), and consequently is intended to be exempt from the NASDAQ rules regarding stockholder approval of “stock option plans” and other “equity compensation arrangements.” This Agreement
and the terms and conditions of the Award shall be interpreted in accordance and consistent with such exemption. Participant acknowledges and agrees that Participant has not been previously employed in any capacity by the Company or a Subsidiary, or
if previously employed, has had a bona-fide period of non-employment, and that the grant of the Award is an inducement material to Participant’s agreement to enter into employment with the Company or Subsidiary. 

  
 1 








 1.4 Vesting. 

(a) Subject to Sections 1.4(b) and 1.5 hereof, twenty-five percent (25%) of the RSUs granted hereby shall vest on each of the first
(1st), second (2nd), third (3rd) and fourth (4th) anniversaries of January 21, 2013 (the “Vesting Commencement Date”), subject to Participant’s continued status as a Service Provider through each such vesting
date. Notwithstanding the foregoing, but subject to Section 1.4(b) below, if the Company experiences a Change in Control, the RSUs shall become fully vested (to the extent not then-vested) upon such Change in Control, subject to
Participant’s continued status as a Service Provider through the date of the Change in Control. 
 (b) Notwithstanding
anything herein to the contrary, the vesting of the RSUs may be accelerated by the Administrator (as defined below) at such times and in such amounts as it shall determine in its sole discretion. Unless and until the RSUs have become vested in
accordance with this Section 1.4, Participant will have no right to payment of any such RSUs. 
 1.5 Forfeiture,
Termination and Cancellation. Notwithstanding any contrary provision of this Agreement, upon Participant’s Termination of Service for any or no reason, all then unvested RSUs subject to this Agreement will thereupon be automatically
forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration by the Company, and Participant, or Participant’s beneficiary or personal representative, as the case may be, shall have no further
rights hereunder. No portion of the Award which has not become vested at the date of Participant’s Termination of Service shall thereafter become vested, except as may be otherwise provided by the Board, the Compensation Committee of the Board
or such other committee of the Board as shall be duly authorized (collectively, the “Administrator”) or as set forth in a written agreement between the Company and Participant. 

1.6 Payment upon Vesting. As soon as administratively practicable following the vesting of any RSUs pursuant to Section 1.4
hereof, but in no event later than thirty (30) days after such vesting date (for the avoidance of doubt, this deadline is intended to comply with the “short-term deferral” exemption from Section 409A of the Code), the Company
shall deliver to Participant a number of Shares equal to the number of RSUs subject to this Award that vested on such vesting date. All issuances of Shares shall be made in the form of whole Shares of Common Stock (and cash in an amount equal to the
value of any fractional RSUs that vest, determined based on the Fair Market Value of a Share as of the payment date). 
 1.7
Tax Withholding. Participant shall pay to the Company all applicable federal, state, local and foreign withholding taxes that the Administrator, in its discretion, determines to result from a transfer or other disposition of the RSUs or
Shares acquired pursuant to the RSUs or otherwise related to an RSUs or Shares acquired in connection with the RSUs. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement withhold, or allow Participant to
elect to have the Company withhold Shares otherwise issuable in respect of the RSUs (or allow the surrender of Shares). Unless determined otherwise by the Administrator, the number of Shares which may be so withheld or surrendered shall be limited
to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income
tax and payroll tax purposes that are applicable to such supplemental taxable income. The Company shall not be obligated to deliver any new certificate representing Shares to Participant or Participant’s legal representative or enter such
Shares in book entry form unless and until Participant or Participant’s legal representative shall have paid or otherwise satisfied in full the amount of all federal, state and local taxes applicable to the taxable income of Participant
resulting from the grant or vesting of the RSUs or the issuance of Shares. 

  
 2 








 1.8 Conditions to Issuance of Shares. The Shares deliverable in respect of the RSUs,
or any portion thereof, may be either previously authorized but unissued Shares of Common Stock or issued Shares of Common Stock which have been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be
required to issue or deliver any Shares payable in respect of the RSUs or portion thereof prior to fulfillment of all of the following conditions: 
 (a) The admission of such Shares to listing on all stock exchanges on which the Common Stock is then listed; 
 (b) The completion of any registration or other qualification of such Shares under any state or federal law or under rulings or regulations of the Securities and Exchange Commission or of any other
governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable; 
 (c) The
obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its absolute discretion, determine to be necessary or advisable; 

(d) The receipt by the Company of full payment of any applicable withholding tax; and 

(e) The lapse of such reasonable period of time following the vesting of the RSUs as the Administrator may from time to time establish
for reasons of administrative convenience. 
 As a condition to payment of the Shares underlying the RSUs, the Company may
require Participant to represent and warrant that the Shares are being issued only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by
any of the aforementioned relevant provisions of law. 
 1.9 Rights as Stockholder. The holder of the RSUs shall not be,
nor have any of the rights or privileges of, a stockholder of the Company, including, without limitation, voting rights and rights to dividends, in respect of any Shares deliverable in respect of any RSUs granted hereby unless and until such Shares
shall have been issued by the Company and held of record by such holder. Except as provided in Section 2.4 below, no adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued.

 ARTICLE 2. 
 OTHER PROVISIONS 
 2.1 Administration. The Administrator shall have
the power to interpret this Agreement and to adopt such rules for the administration, interpretation and application of the Agreement as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Administrator in good faith shall be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator or the Board shall be personally liable for any
action, determination or interpretation made in good faith with respect to this Agreement or the RSUs granted hereby. 
 2.2
RSUs Not Transferable. Unless otherwise determined by the Administrator, neither the RSUs nor any Shares issuable with respect thereto may be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and
distribution, unless and until the Shares underlying the RSUs have been issued. Neither the RSUs, the Shares issuable with respect thereto, nor any interest or right therein shall be liable for the debts, contracts or engagements of Participant or
his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding
sentence. 

  
 3 








 2.3 Binding Agreement. Subject to the limitation on the transferability of the RSUs
contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 2.4 Adjustments upon Changes in Capitalization, Merger or Asset Sale. 
 (a)
Other than in connection with an Equity Restructuring (as defined below), in the event of any combination or exchange of Shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders, or any
other change affecting the Shares or the Share price of the Common Stock, the Administrator may make such equitable adjustments, if any, as the Administrator in its discretion may deem appropriate to reflect such change with respect to (i) the
terms and conditions of the RSUs, and/or (ii) the number and kind of Shares (or other securities or property) subject to the RSUs. 
 (b) Other than in connection with an Equity Restructuring, in the event of any transaction or event described in Section 2.4(a), or any unusual or nonrecurring transactions or events affecting the
Company, any affiliate of the Company, or the financial statements of the Company or any affiliate, or of changes in applicable laws, regulations or accounting principles, the Administrator, in its sole and absolute discretion, and on such terms and
conditions as it deems appropriate, either by the terms of the RSUs or by action taken prior to the occurrence of such transaction or event and either automatically or upon Participant’s request, is hereby authorized to take any one or more of
the following actions whenever the Company determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under this Agreement or to
facilitate such transaction or event or to give effect to such changes in laws, regulations or principles: 

        (i) To provide for either (i) the termination of the RSUs in exchange
for an amount of cash and/or property, if any, equal to the amount that would have been obtained upon the issuance of the Shares underlying the RSUs or the realization of Participant’s rights had the RSUs been currently payable or fully vested
(and, for the avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section 2.4(b), the Administrator determines in good faith that no amount would have been attained upon the realization of
Participant’s rights with respect to the RSUs, then the RSUs may be terminated by the Company without payment) or (ii) the replacement of the RSUs with other rights or property selected by the Administrator in its sole discretion;

         (ii) To provide that the RSUs shall be fully vested and that
the Shares underlying the RSUs shall be immediately payable, notwithstanding anything to the contrary in this Agreement; 
         (iii) To provide that the RSUs be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by
similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices; or 

  
 4 








         (iv) To provide that
immediately upon the consummation of such event, the RSUs cannot vest and shall terminate. 
 (c) In connection with the
occurrence of any Equity Restructuring, and notwithstanding anything to the contrary in Sections 2.4 (a) and 2.4(b), the number and type of securities subject to the RSUs and the exercise price thereof will be proportionately adjusted. The
adjustments provided under this Section 2.4(c) shall be nondiscretionary and shall be final and binding on Participant and the Company. 
 (d) The existence of this Agreement shall not affect or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization,
reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior
preference stocks whose rights are superior to or affect the Shares or the rights thereof or which are convertible into or exchangeable for Shares, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its
assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 (e) In the event
of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of Stock or the
Share price, including any Equity Restructuring, for reasons of administrative convenience, the Company in its sole discretion may refuse to permit the payment of the RSUs during a period of thirty (30) days prior to the consummation of any
such transaction. 
 2.5 Notices. Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to Participant shall be addressed to Participant at Participant’s last address reflected on the Company’s
records. By a notice given pursuant to this Section 2.5, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given when sent via email or when sent by certified mail
(return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 
 2.6 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

2.7 Governing Law. The laws of the State of Delaware shall govern the interpretation, validity, administration, enforcement and
performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. 

2.8 Conformity to Securities Laws. Participant acknowledges that this Agreement is intended to conform to the extent necessary
with all provisions of the Securities Act and the Exchange Act (as defined below) and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, and state securities laws and regulations. Notwithstanding
anything herein to the contrary, the Agreement shall be administered, and the RSUs are granted and the Shares subject thereto may be issued only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by
applicable law, this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

  
 5 








 2.9 Amendments, Suspension and Termination. This Agreement may be wholly or partially
amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator; provided that, no amendment, modification, suspension or termination of this Agreement shall adversely affect the RSUs in any
material way without the prior written consent of Participant. 
 2.10 Successors and Assigns. The Company may assign any
of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth in Section 2.2 hereof, this
Agreement shall be binding upon Participant and his or her heirs, executors, administrators, successors and assigns. 
 2.11
Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of this Agreement, if Participant is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
the RSUs, the Shares issuable pursuant thereto and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the
Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

2.12 Entire Agreement. This Agreement constitutes the entire agreement of the parties and supersede in its entirety all prior
undertakings and agreements of the Company and Participant with respect to the subject matter hereof. 
 2.13
Section 409A. The RSUs are not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code (together with any Department of Treasury regulations and other interpretive
guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding any other provision of this Agreement, if at any
time the Administrator determines that the RSUs (or any portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation to do so or to indemnify Participant or any other
person for failure to do so) to adopt such amendments to this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Administrator determines are
necessary or appropriate either for the RSUs to be exempt from the application of Section 409A or to comply with the requirements of Section 409A. 
 2.14 Limitation on Participant’s Rights. Entry into this Agreement confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the
part of the Company as to amounts payable and shall not be construed as creating a trust and shall not have any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and
benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to the RSUs, as and when payable hereunder. 

2.15 Certain Definitions. As used herein, the following definitions shall apply: 

(a) “Board” means the Board of Directors of the Company. 

(b) “Change in Control” shall mean the occurrence of any of the following events: 

(i) a transaction or series of transactions (other than an offering of Common Stock to the general public through a registration
statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any
of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the
Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of the
Company’s securities outstanding immediately after such acquisition; or 

  
 6 








 (ii) during any period of two consecutive years, individuals who, at the beginning of such
period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in subsection (i) or (iii) of this
definition) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3rds) of the directors then still in office who either were directors at the beginning of the
two (2)-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 
 (iii) the consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization,
or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in
each case other than a transaction: 
 (A) which results in the Company’s voting securities outstanding immediately before
the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly
or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the
combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 

(B) after which no person or group beneficially owns voting securities representing fifty percent (50%) or more of the combined
voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this definition as beneficially owning fifty percent (50%) or more of combined voting power of the Successor Entity solely
as a result of the voting power held in the Company prior to the consummation of the transaction; or 
 (iv) the Company’s
stockholders approve a liquidation or dissolution of the Company. 
 The Administrator shall have full and final authority,
which shall be exercised in its discretion, to determine conclusively whether a Change in Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control and any incidental matters
relating thereto. In addition, notwithstanding the foregoing, in no event shall a Change in Control be deemed to have occurred unless the transaction or event giving rise to such Change in Control also constitutes a “change in control
event,” as defined in Treasury Regulation §1.409A-3(i)(5) to the extent required by Section 409A of the Code. 

(c) “Code” means the Internal Revenue Code of 1986, as amended, or any successor statute or statutes thereto. Reference
to any particular Code section shall include any successor section. 

  
 7 








 (d) “Consultant” means any consultant or adviser if: (i) the
consultant or adviser renders bona fide services to the Company or any Parent or Subsidiary of the Company; (ii) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising
transaction and do not directly or indirectly promote or maintain a market for the Company’s securities; and (iii) the consultant or adviser is a natural person who has contracted directly with the Company or any Parent or Subsidiary of
the Company to render such services. 
 (e) “Director” means a member of the Board. 

(f) “Employee” means any person, including an officer or Director, who is an employee (as defined in accordance with
Section 3401(c) of the Code) of the Company or any Subsidiary of the Company. 
 (g) “Equity
Restructuring” means a non-reciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects
Shares of Common Stock (or other securities of the Company) or the Share price of Common Stock (or of other securities) and causes a change in the per Share value of the Common Stock underlying the RSUs. 

(h) “Fair Market Value” means, as of any given date, the value of a Share determined as follows: 

(i) if the Common Stock is listed on any established stock exchange or a national market system, the closing sales price of a Share as
reported in The Wall Street Journal or such other source as the Company may deem reliable for such purposes, or if no sale occurred on such date, the first trading date immediately prior to such date during which a sale occurred; 

(ii) if the Common Stock is not traded on an exchange but is quoted on a national market or other quotation system, the last sales price
on such date, or if no sales occurred on such date, then on the date immediately prior to such date on which sales prices are reported; or 
 (iii) if Common Stock is not publicly traded, the fair market value established in good faith by the Administrator. 
 (j) “Service Provider” means an Employee, Director or Consultant. 

(k) “Subsidiary” means any “subsidiary corporation” as defined in Section 424(f) of the Code and any
applicable regulations promulgated thereunder or any other entity of which a majority of the outstanding voting stock or voting power is beneficially owned, directly or indirectly, by the Company. 

(l) “Termination of Service” means the termination of Participant’s status as a Service Provider. 

(Signature Page Follows) 

  
 8 








 By Participant’s acceptance, Participant agrees to be bound by the terms and conditions of the
Agreement and make the following representation: “I have reviewed the Agreement in its entirety, have had an opportunity to obtain the advice of counsel prior to executing the Agreement and fully understand all provisions of the Agreement. I
hereby agree to accept as final, binding, and conclusive all decisions or interpretations of the Committee upon any questions arising under the Agreement. I acknowledge and agree that the Agreement sets forth the entire understanding between me and
the Company regarding the acquisition or issuance of stock in the Company and supersedes all prior oral and written agreements regarding the acquisition or issuance of stock in the Company.” 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. 

 

			
	CONCEPTUS, INC.	 	PARTICIPANT
		
	  
	 	  

	By:	 	Joseph Sharpe
		
	Its:	 	 


  
 9