Restricted Stock Purchase Agreement  between Amgen Inc. and Brian M. McNamee



 Exhibit 10.91 
  
 RESTRICTED STOCK PURCHASE AGREEMENT 
  
 Brian M. McNamee, Amgen Inc. Grantee: 
  
 On this 3rd day of
March, 2003, Amgen Inc., a Delaware corporation (the “Company”), pursuant to its Amended and Restated 1991 Equity Incentive Plan (the “Plan”) has granted to you, the grantee named above, a right to purchase Twenty-Five
Thousand (25,000) shares (the “Shares”) of the $.0001 par value common stock of the Company (“Common Stock”) pursuant to the terms of this Restricted Stock Purchase Agreement (this “Agreement”) and the Plan.
Capitalized terms not defined herein shall have the meanings assigned to such terms in the Plan. 
  
 I. Purchase Price. Subject to the terms and conditions of this Agreement, the Shares may be purchased from the Company at a purchase price per
share of $.0001 for a total purchase price of $2.50 (the “Total Purchase Price”). The Total Purchase Price shall be paid in cash at the time of purchase. 
  
 II. Repurchase Option. 
  
 (1) Upon termination of your employment with the Company or an Affiliate for any reason the Company shall have the right and option to purchase from you
or any holder of the Shares as permitted under Section III(4) (a “Holder”) any or all of the Shares at the per Share purchase price paid by you for such Shares (the “Repurchase Option”). 
  
 (2) The Company may exercise the Repurchase Option by delivering personally
or by registered mail, to you or a Holder within ninety (90) days of the date of termination of your employment, a notice in writing indicating the Company’s intention to exercise the Repurchase Option and setting forth a date for closing not
later than thirty (30) days from the mailing of such notice. The closing shall take place at the Company’s office. At the closing, the Secretary of the Company or other escrow agent as provided in Section VI shall deliver the stock certificate
or certificates evidencing the Shares to the Company, and the Company shall deliver the purchase price therefor. 
  
 (3) At its option, the Company may elect to make payment for the Shares to a bank selected by the Company. The Company shall avail itself of this option
by a notice in writing to you or a Holder stating the name and address of the bank, date of closing, and waiving the closing at the Company’s office. 
  
 (4) If the Company does not elect to exercise the Repurchase Option conferred above by giving the requisite notice to you or a Holder within ninety (90)
days following the date of termination of your employment, the Repurchase Option shall terminate, 







 and any restrictions on Shares remaining as of the date of the termination of your employment shall lapse immediately.

  
 (5) One hundred percent (100%) of the Shares shall initially
be subject to the Repurchase Option. The Shares shall be released from the Repurchase Option in accordance with the schedule set forth in Section III(1). 
  
 III. Lapse of Repurchase Option. 
  
 (1) Subject to Sections III (2) and (3), the Repurchase Option shall lapse in accordance with the following schedule with respect to the Shares which
have not previously been forfeited by you, provided you are actively employed by the Company or an Affiliate on the respective dates: 
  

	 Date

	  	 Number of Shares to Which Repurchase
 Option Shall Lapse


	 March 3, 2006
	  	6,000
	 March 3, 2007
	  	6,000
	 March 3, 2008
	  	6,000
	 March 3, 2009
	  	7,000

  
 (2) In addition, the
lapsing of the Repurchase Option pursuant to Section III(1) may be suspended during a leave of absence as provided from time to time according to Company policies and practices. 
  
 (3) Notwithstanding anything to the contrary contained herein, the Company may, as it deems appropriate, in its sole
discretion, accelerate the date on which the Repurchase Option shall lapse with respect to any of the Shares that have not been previously forfeited by you. 
  
 (4) Your Shares are not assignable or transferable, except by will or the laws of descent and distribution. Notwithstanding the foregoing, all or a
portion of the Shares subject to the Repurchase Option may be transferred to an Alternate Payee (as defined in the Plan) if required by the terms of a QDRO (as defined in the Plan), as further described in the Plan; provided, that such Alternate
Payee is subject to the same terms and conditions as set forth in this Agreement 
  
 IV. Legends. Certificates representing the Shares issued pursuant to this Agreement shall, until all restrictions lapse or shall have been removed and new certificates are issued pursuant to Section V, bear the
following legend: 
  
 “THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS AND REPURCHASE RIGHTS AND MAY BE SUBJECT TO FORFEITURE UNDER THE TERMS OF THAT CERTAIN RESTRICTED STOCK PURCHASE AGREEMENT BY AND BETWEEN AMGEN INC. (THE 
  

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 “COMPANY”) AND THE REGISTERED OWNER OF SUCH SHARES, AND SUCH SHARES MAY NOT BE, DIRECTLY OR
INDIRECTLY, OFFERED, TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNDER ANY CIRCUMSTANCES, EXCEPT PURSUANT TO THE PROVISIONS OF SUCH AGREEMENT.” 
  
 V. Issuance of Certificates; Tax Withholding. 
  
 (1) Subject to subsection (2) below, upon the lapse of the Repurchase Option with respect to any of the Shares as provided
in Section III, the Company shall cause new certificates to be issued with respect to such Shares and delivered to you or a Holder, free from the legend provided for in Section IV and of the Repurchase Option. Such Shares shall cease to be subject
to the terms and conditions of this Agreement. 
  
 (2)
Notwithstanding subsection (1), no such new certificate shall be delivered to you or a Holder unless and until you or a Holder shall have paid to the Company the full amount of the minimum statutory withholding based on the minimum statutory
withholding rates for federal, state and local tax purposes, including payroll taxes resulting from the grant of the Shares or the lapse or removal of the restrictions (the “Tax Obligations”). You hereby agree that you or a Holder will
satisfy the Tax Obligations (x) resulting from the grant of the Shares, by paying to the Company, in cash or by check, the full amount of the Tax Obligations, or (y) relating to the lapse of the Repurchase Option with respect to any of the Shares as
provided in Section III, by hereby authorizing the Company to withhold from the shares of the Common Stock otherwise deliverable to you as a result of the lapse of the Repurchase Option with respect to any of the Shares as provided in Section III, a
number of shares having a fair market value less than or equal to the Tax Obligations. The number of shares of Common Stock tendered by you pursuant to this subsection shall be determined by the Company and be valued at the fair market value of the
Common Stock on the date the Tax Obligations arise. To the extent that the number of shares tendered by you pursuant to this subsection is insufficient to satisfy the Tax Obligations, you hereby agree to pay the Company, in cash or by check, the
additional amount necessary to fully satisfy the Tax Obligations. You agree to take any further actions and execute any additional documents as may be necessary to effectuate the provisions of this Section V. 
  
 VI. Escrow. The Secretary of the Company or such other escrow holder
as the Committee may appoint shall retain physical custody of the certificates representing the Shares until all of the restrictions lapse or shall have been removed and in no event shall you retain physical custody of any certificates representing
Shares issued to you which are subject to the Repurchase Option. 
  
 VII. No Contract for Employment. This Agreement is not an employment or service contract and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ or service
of the Company, or of the Company to continue your employment or service with the Company. 
  
 VIII. Notices. Any notices provided for in this Agreement or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices 
  

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 delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you
at such address as is currently maintained in the Company’s records or at such other address as you hereafter designate by written notice to the Company. 
  

IX. Plan. This Agreement is subject to all the provisions of the Plan and its provisions are hereby made a part of this Agreement, including
without limitation the provisions of paragraph 7 of the Plan relating to purchases of restricted stock, 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 this Agreement and those of the Plan, the provisions of the Plan shall control. 
  

	 Very truly yours,

	 AMGEN INC.

		
	 By
	 	 /s/ Steven M. Odre


	
	Duly authorized on behalf of the Board of Directors


  
  
 Agreed and Accepted 
 as of the date first written above 
  

	
	 /s/    BRIAN M. MCNAMEE


	 [Name]


  

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