Exhibit 10.14


 




SCIENCE
37 HOLDINGS, INC.




2021 INCENTIVE AWARD PLAN





 


 


STOCK
OPTION GRANT NOTICE


 


Science 37 Holdings, Inc.,
a Delaware corporation (the “Company”) has granted to the participant listed below (“Participant”)
the stock option (the “Option”) described in this Stock Option Grant Notice (this “Grant Notice”),
subject to the terms and conditions of the Science 37 Holdings, Inc. 2021 Incentive Award Plan (as amended from time to time, the “Plan”)
and the Stock Option Agreement attached hereto as Exhibit A (the “Agreement”), both of which are incorporated
into this Grant Notice by reference. Capitalized terms not specifically defined in this Grant Notice or the Agreement have the meanings
given to them in the Plan.


 


	Participant:	[____]
	Grant Date:	 
	Exercise Price per Share:	[For U.S. taxpayers, no less than 100% of the FMV on the Grant Date]
	Shares Subject to the Option:	 
	Final Expiration Date:	[To be no later than 10th anniversary of Grant Date (or 5th anniversary for ISOs granted to 10% stockholders)]
	Vesting Commencement Date:	 
	Vesting Schedule:	[To be specified]
	Type of Option	[Incentive Stock Option]/[Non-Qualified Stock Option]


 


By accepting (whether in writing,
electronically or otherwise) the Option, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement.
Participant has reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice
of counsel prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement.
Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions
arising under the Plan, this Grant Notice or the Agreement.


 


	SCIENCE 37 HOLDINGS, INC.	 	PARTICIPANT
	 	 	 
	By:	 	 	 
	Name:	 	 	[Participant Name]
	Title:	 	 	 


  


 




    [Signature Page to Stock Option Grant Notice]


     


    



 


Exhibit A


 


STOCK OPTION AGREEMENT


 


Capitalized terms not specifically
defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the Plan.


 


ARTICLE
I.

GENERAL


 


1.1   Grant of Option. The Company has granted to Participant the Option effective as of the grant date set forth in the Grant
Notice (the “Grant Date”).


 


1.2   Incorporation of Terms of Plan. The Option is subject to the terms and conditions set forth in this Agreement and the Plan,
which is incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan
will control, unless it is expressly specified in this Agreement or the Grant Notice that the specific provision of the Plan will not
apply. For clarity, the foregoing sentence shall not limit the applicability of any additive language contained in this Agreement which
provides supplemental or additional terms not inconsistent with the Plan.


 


ARTICLE
II.

PERIOD OF EXERCISABILITY


 


2.1  Commencement of Exercisability. The Option will vest and become exercisable according to the vesting schedule in the Grant
Notice (the “Vesting Schedule”) except that any fraction of a Share as to which the Option would be vested or
exercisable will be accumulated and will vest and become exercisable only when a whole vested Share has accumulated. Except as otherwise
set forth in the Grant Notice, the Plan or this Agreement, and unless the Administrator otherwise determines, the Option will immediately
expire and be forfeited as to any portion of the Option that is not vested and exercisable as of Participant’s Termination of Service
for any reason (after taking into consideration any accelerated vesting and exercisability which may occur in connection with such Termination
of Service, if any).


 


2.2   Duration of Exercisability. The Vesting Schedule is cumulative. Any portion of the Option which vests and becomes exercisable
will remain vested and exercisable until the Option expires. The Option will be forfeited immediately upon its expiration.


 


2.3   Expiration of Option. Except as may be extended in accordance with Section 5.3 of the Plan, the Option may not be exercised
to any extent by anyone after, and will expire on, the first of the following to occur:


 


(a)   The final expiration date in the Grant Notice;


 


(b)   Except as the Administrator may otherwise approve, the expiration of three (3) months from the date of Participant’s
Termination of Service, unless Participant’s Termination of Service is for Cause (as defined below) or by reason of Participant’s
death or Disability;


 


(c)   Except as the Administrator may otherwise approve, the expiration of one year from the date of Participant’s Termination
of Service by reason of Participant’s death or Disability; and


 


(d)   Except as the Administrator may otherwise approve, Participant’s Termination of Service for Cause.


 






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2.4  Definition of Cause. For purposes of this Agreement, “Cause” means (i) if the Participant is a party to a written
employment, consulting agreement, or other written agreement with the Company or any of its Subsidiaries in which “Cause”
is defined (a “Relevant Agreement”), “Cause” as defined in the Relevant Agreement, and (ii) if no
Relevant Agreement exists, (A) the Administrator’s determination that the Participant failed to substantially perform the Participant’s
duties (other than a failure resulting from the Participant’s disability); (B) the Administrator’s determination that the
Participant failed to carry out, or comply with any lawful and reasonable directive of the Board or the Participant’s immediate
supervisor; (C) the occurrence of any act or omission by the Participant that could reasonably be expected to result in (or has resulted
in) the Participant’s conviction, plea of no contest, plea of nolo contendere, or imposition of unadjudicated probation for any
felony or indictable offense or crime involving moral turpitude; (D) the Participant’s unlawful use (including being under the influence)
or possession of illegal drugs on the premises of the Company or any of its Subsidiaries or while performing the Participant’s duties
and responsibilities for the Company or any of its Subsidiaries; or (E) the Administrator’s determination that the Participant committed
an act of fraud, embezzlement, misappropriation, or misconduct, or breached a fiduciary duty against the Company or any of its Subsidiaries.


 


ARTICLE
III.

EXERCISE OF OPTION


 


3.1    Person Eligible to Exercise. During Participant’s lifetime, only Participant may exercise the Option. After Participant’s
death, any exercisable portion of the Option may, prior to the time the Option expires, be exercised by Participant’s Designated
Beneficiary as provided in the Plan.


 


3.2    Partial Exercise. Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised,
in whole or in part, according to the procedures in the Plan at any time prior to the time the Option or portion thereof expires, except
that the Option may only be exercised for whole Shares.


 


3.3    Tax Withholding; Exercise Price.


 


(a)    Subject to Section 3.3(b) and 3.3(c), payment of the exercise price and/or applicable withholding tax obligations with respect
to the Option may be by any of the following, or a combination thereof, as determined by [the Company in its sole discretion / Participant
or the Administrator]:


 


(i)    Cash, wire transfer of immediately available funds or check;


 


(ii)   By delivery of Shares, including Shares delivered by attestation then-owned by Participant, valued at their Fair Market Value on
the date of delivery;


 


(iii)  By the Company withholding Shares otherwise issuable upon exercise of the Option in satisfaction of any withholding tax obligations,
valued at their Fair Market Value on the exercise date;


 


(iv)  With the consent of the Administrator, by delivery of a promissory note or other property that the Administrator determines is
good and valuable consideration; or


 


(v)   By any combination of (i) - (iv) above.


 


(b)    Unless [the Company / Participant or the Administrator] otherwise determines, payment of the exercise price and withholding
tax obligations with respect to the Option shall be by [delivery (including electronically or telephonically to the extent permitted by
the Company) of an irrevocable and unconditional undertaking by a broker acceptable to the Company to deliver promptly to the Company
sufficient funds to satisfy the applicable exercise price and tax withholding obligations] / [delivery (including electronically or telephonically
to the extent permitted by the Company) by Participant to the Company of a copy of irrevocable and unconditional instructions to a broker
acceptable to the Company that Participant has placed a market sell order with such broker with respect to Shares then-issuable upon exercise
of the Option, and that the broker has been directed to deliver promptly to the Company funds sufficient to satisfy the applicable exercise
price and tax withholding obligations; provided, that payment of such proceeds is then made to the Company at such time as may be required
by the Administrator].


 






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(c)   With respect to tax withholding obligations, the number of Shares which may be so withheld or surrendered pursuant to Section
3.3(a) or (b) above shall be limited to the number of Shares which have a fair market value on the date of withholding no greater than
the aggregate amount of such liabilities based on the minimum individual statutory withholding rates in Participant’s applicable
jurisdictions for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such taxable income, in
accordance with Section 9.5 of the Plan.


 


(d)   Participant acknowledges that Participant is ultimately liable and responsible for all taxes owed in connection with the
Option, regardless of any action the Company or any Subsidiary or affiliate takes with respect to any tax withholding obligations that
arise in connection with the Option. Neither the Company nor any Subsidiary or affiliate makes any representation or undertaking regarding
the treatment of any tax withholding in connection with the grant, vesting or exercise of the Option or the subsequent sale of Shares.
The Company and its Subsidiaries and affiliates do not commit and are under no obligation to structure the Option to reduce or eliminate
Participant’s tax liability.


 


3.4   Representation(a). Participant represents to the Company that Participant has reviewed
with Participant’s own tax advisors the tax consequences of this Option and the transactions contemplated by the Grant Notice and
this Agreement. Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its
agents.


 


ARTICLE
IV.

OTHER PROVISIONS


 


4.1   Adjustments. Participant acknowledges that the Option is subject to adjustment, modification and termination in certain
events as provided in this Agreement and the Plan.


 


4.2   Clawback. The Option and the Shares issuable hereunder shall be subject to any clawback or recoupment policy in effect on
the Grant Date or as may be adopted or maintained by the Company following the Grant Date, including the Dodd-Frank Wall Street Reform
and Consumer Protection Act and any rules or regulations promulgated thereunder.


 


4.3   Notices. Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed to the
Company in care of the Company’s Chief Legal Officer at the Company’s principal office or the Chief Legal Officer’s
then-current email address or facsimile number. Any notice to be given under the terms of this Agreement to Participant must be in writing
and addressed to Participant (or, if Participant is then deceased, to the Designated Beneficiary) at Participant’s last known mailing
address, email address or facsimile number in the Company’s personnel files. By a notice given pursuant to this Section, either
party may designate a different address for notices to be given to that party. Any notice will be deemed duly given when actually received,
when sent by email, 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, when delivered by a nationally recognized express shipping company
or upon receipt of a facsimile transmission confirmation.


 






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4.4     Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction
of this Agreement.


 


4.5     Conformity to Securities Laws. Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended
to conform to the extent necessary with all Applicable Laws and, to the extent Applicable Laws permit, will be deemed amended as necessary
to conform to Applicable Laws.


 


4.6     Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and
this Agreement will inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth
in this Agreement or the Plan, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives,
successors and assigns of the parties hereto.


 


4.7     Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if Participant
is subject to Section 16 of the Exchange Act, the Plan, the Grant Notice, this Agreement and the Option will 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)
that are requirements for the application of such exemptive rule. To the extent Applicable Laws permit, this Agreement will be deemed
amended as necessary to conform to such applicable exemptive rule.


 


4.8     Entire Agreement. The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire
agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect
to the subject matter hereof.


 


4.9      Severability. If any portion of the Grant Notice or this Agreement or any action taken under the Grant Notice or this Agreement,
in any case is held illegal or invalid for any reason, the illegality or invalidity will not affect the remaining parts of the Grant Notice
and/or this Agreement (as applicable), and the Grant Notice and/or this Agreement (as applicable) will be construed and enforced as if
the illegal or invalid provisions had been excluded, and the illegal or invalid action will be null and void.


 


4.10    Limitation on Participant’s Rights. Participation in the Plan 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 may not be construed
as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will 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 Option,
and rights no greater than the right to receive the Shares as a general unsecured creditor with respect to the Option, as and when exercised
pursuant to the terms of this Agreement.


 


4.11    Not a Contract of Employment or Service. Nothing in the Plan, the Grant Notice or this Agreement confers upon Participant
any right to continue in the employ or service of the Company or its Subsidiary or affiliate or interferes with or restricts in any way
the rights of the Company and its Subsidiaries and affiliates, 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 or affiliate and Participant.


 


4.12    Counterparts. The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature,
subject to Applicable Law, each of which will be deemed an original and all of which together will constitute one instrument.


 






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4.13  Incentive Stock Options. If the Option is designated as an Incentive Stock Option:


 


(a)  Participant acknowledges that to the extent the aggregate fair market value of shares (determined as of the time the option
with respect to the shares is granted) with respect to which stock options intended to qualify as “incentive stock options”
under Section 422 of the Code, including the Option, are exercisable for the first time by Participant during any calendar year exceeds
$100,000 or if for any other reason such stock options do not qualify or cease to qualify for treatment as “incentive stock options”
under Section 422 of the Code, such stock options (including the Option) will be treated as non-qualified stock options. Participant
further acknowledges that the rule set forth in the preceding sentence will be applied by taking the Option and other stock options into
account in the order in which they were granted, as determined under Section 422(d) of the Code. Participant also acknowledges that
if the Option is exercised more than three months after Participant’s Termination of Service, other than by reason of death or disability,
the Option will be taxed as a Non-Qualified Stock Option.


 


(b)  Participant will give prompt written notice to the Company of any disposition or other transfer of any Shares acquired under
this Agreement if such disposition or other transfer is made (i) within two years from the Grant Date or (ii) within one year after the
transfer of such Shares to Participant. Such notice will specify the date of such disposition or other transfer and the amount realized,
in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer.


 


4.14  Governing Law. The Grant Notice and this Agreement will be governed by and interpreted in accordance with the laws of the
State of Delaware, disregarding any state’s choice-of-law principles requiring the application of a jurisdiction’s laws other
than the State of Delaware.


 


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