exhibit103






Exhibit 10.3  FORM OF   INCENTIVE STOCK OPTION AGREEMENT   UNDER THE POINT BIOPHARMA GLOBAL INC.   2021 EQUITY INCENTIVE PLAN  Name of Optionee:    No. of Option Shares:     Option Exercise Price per Share:     Grant Date:     Expiration Date:       Pursuant to the POINT Biopharma Global Inc. 2021 Equity Incentive Plan as amended  through the date hereof (the “Plan”), POINT Biopharma Global Inc. (the “Company”) hereby  grants to the Optionee named above an option (the “Stock Option”) to purchase on or prior to the  Expiration Date specified above all or part of the number of shares of Common Stock, par value  $0.0001 per share (the “Stock”), of the Company specified above at the Option Exercise Price per  Share specified above subject to the terms and conditions set forth herein and in the Plan.  1. Exercisability Schedule. No portion of this Stock Option may be exercised until  such portion shall have become exercisable. Except as set forth below, and subject to the discretion  of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule  hereunder, this Stock Option shall be exercisable in accordance with the following schedule so  long as the Optionee maintains a continuous Service Relationship with the Company or a  Subsidiary on such dates or event (in the case of a Sale Event):  • 1% of the Option Shares shall become exercisable[ 1 months after the Grant Date,  and  • [_]% of the Option Shares shall become exercisable each [year/quarter/month]  thereafter], and  • Notwithstanding the foregoing, 100% of the then-unvested Option Shares shall  become exercisable immediately prior to the consummation of a Sale Event (as  defined in the Plan).  Once exercisable, this Stock Option shall continue to be exercisable at any time or times  prior to the close of business on the Expiration Date, subject to the provisions hereof and of the  Plan.  2. Manner of Exercise.  (a) The Optionee may exercise this Stock Option only in the following manner:  from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may give  





 






2  written notice to the Administrator of his or her election to purchase some or all of the Option  Shares purchasable at the time of such notice. This notice shall specify the number of Option  Shares to be purchased.  Payment of the purchase price for the Option Shares may be made by one or more of the  following methods: (i) in cash, by certified or bank check or other instrument acceptable to the  Administrator; (ii) through the delivery (or attestation to the ownership) of shares of Stock that  have been purchased by the Optionee on the open market or that are beneficially owned by the  Optionee and are not then subject to any restrictions under any Company plan and that otherwise  satisfy any holding periods as may be required by the Administrator; or (iii) by the Optionee  delivering to the Company a properly executed exercise notice together with irrevocable  instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable  to the Company to pay the option purchase price, provided that in the event the Optionee chooses  to pay the option purchase price as so provided, the Optionee and the broker shall comply with  such procedures and enter into such agreements of indemnity and other agreements as the  Administrator shall prescribe as a condition of such payment procedure; or (iv) a combination of  (i), (ii) and (iii) above. Payment instruments will be received subject to collection.  The transfer to the Optionee on the records of the Company or of the transfer agent of the  Option Shares will be contingent upon (i) the Company’s receipt from the Optionee of the full  purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other  requirements contained herein or in the Plan or in any other agreement or provision of laws, and  (iii) the receipt by the Company of any agreement, statement or other evidence that the Company  may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of  Stock Options under the Plan and any subsequent resale of the shares of Stock will be in  compliance with applicable laws and regulations. In the event the Optionee chooses to pay the  purchase price by previously-owned shares of Stock through the attestation method, the number  of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net  of the Shares attested to.  (b) The shares of Stock purchased upon exercise of this Stock Option shall be  transferred to the Optionee on the records of the Company or of the transfer agent upon compliance  to the satisfaction of the Administrator with all requirements under applicable laws or regulations  in connection with such transfer and with the requirements hereof and of the Plan. The  determination of the Administrator as to such compliance shall be final and binding on the  Optionee. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a  holder with respect to, any shares of Stock subject to this Stock Option unless and until this Stock  Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent  shall have transferred the shares to the Optionee, and the Optionee’s name shall have been entered  as the stockholder of record on the books of the Company. Thereupon, the Optionee shall have full  voting, dividend and other ownership rights with respect to such shares of Stock.  (c) Notwithstanding any other provision hereof or of the Plan, no portion of this  Stock Option shall be exercisable after the Expiration Date hereof.   





 






3  3. Termination of Service Relationship. If the Optionee’s Service Relationship is  terminated, the period within which to exercise the Stock Option may be subject to earlier  termination as set forth below.  (a) Termination Due to Death. If the Optionee’s Service Relationship  terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such  date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s  legal representative or legatee for a period of 12 months from the date of death or until the  Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of  death shall terminate immediately and be of no further force or effect.  (b) Termination Due to Disability. If the Optionee’s Service Relationship  terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion  of this Stock Option outstanding on such date, to the extent exercisable on the date of such  termination, may thereafter be exercised by the Optionee for a period of 12 months from the date  of disability or until the Expiration Date, if earlier. Any portion of this Stock Option that is not  exercisable on the date of disability shall terminate immediately and be of no further force or effect.  (c) Termination for Cause. If the Optionee’s Service Relationship terminates  for Cause, any portion of this Stock Option outstanding on such date shall terminate immediately  and be of no further force and effect. For purposes hereof, “Cause” shall mean, unless otherwise  provided in an employment agreement between the Company and the Optionee, a determination  by the Administrator that the Optionee shall be dismissed as a result of (i) any material breach by  the Optionee of any agreement between the Optionee and the Company; (ii) the conviction of,  indictment for or plea of nolo contendere by the Optionee to a felony or a crime involving moral  turpitude; or (iii) any material misconduct or willful and deliberate non-performance (other than  by reason of disability) by the Optionee of the Optionee’s duties to the Company.  (d) Other Termination. If the Optionee’s Service Relationship terminates for  any reason other than the Optionee’s death, the Optionee’s disability, or Cause, and unless  otherwise determined by the Administrator, any portion of this Stock Option outstanding on such  date may be exercised, to the extent exercisable on the date of termination, for a period of three  months from the date of termination or until the Expiration Date, if earlier. Any portion of this  Stock Option that is not exercisable on the date of termination shall terminate immediately and be  of no further force or effect.  The Administrator’s determination of the reason for termination of the Optionee’s Service  Relationship shall be conclusive and binding on the Optionee and his or her representatives or  legatees.  4. Incorporation of Plan. Notwithstanding anything herein to the contrary, this Stock  Option shall be subject to and governed by all the terms and conditions of the Plan, including the  powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this  Agreement shall have the meaning specified in the Plan, unless a different meaning is specified  herein.  





 






4  5. Transferability. This Agreement is personal to the Optionee, is non-assignable and  is not transferable in any manner, by operation of law or otherwise, other than by will or the laws  of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only  by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.  6. Status of the Stock Option. This Stock Option is intended to qualify as an “incentive  stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”),  but the Company does not represent or warrant that this Stock Option qualifies as such. The  Optionee should consult with his or her own tax advisors regarding the tax effects of this Stock  Option and the requirements necessary to obtain favorable income tax treatment under Section 422  of the Code, including, but not limited to, holding period requirements. To the extent any portion  of this Stock Option does not so qualify as an “incentive stock option,” such portion shall be  deemed to be a non-qualified stock option. If the Optionee intends to dispose or does dispose  (whether by sale, gift, transfer or otherwise) of any Option Shares within the one-year period  beginning on the date after the transfer of such shares to him or her, or within the two-year period  beginning on the day after the grant of this Stock Option, he or she will so notify the Company  within 30 days after such disposition.  7. Tax Withholding. The Optionee shall, not later than the date as of which the exercise  of this Stock Option becomes a taxable event for Federal income tax purposes, pay to the Company  or make arrangements satisfactory to the Administrator for payment of any Federal, state,  provincial and local taxes required by law to be withheld on account of such taxable event. The  Company shall have the authority to cause the required tax withholding obligation to be satisfied,  in whole or in part, by (i) withholding from shares of Stock to be issued to the Optionee a number  of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount  due; or (ii) causing its transfer agent to sell from the number of shares of Stock to be issued to the  Optionee, the number of shares of Stock necessary to satisfy the Federal, state, provincial and local  taxes required by law to be withheld from the Optionee on account of such transfer.  8. No Obligation to Continue Service. Neither the Company nor any Subsidiary is  obligated by or as a result of the Plan or this Agreement to continue the Optionee in employment  or any other Service Relationship and neither the Plan nor this Agreement shall interfere in any  way with the right of the Company or any Subsidiary to terminate the Service Relationship of the  Optionee at any time.  9. Integration. This Agreement constitutes the entire agreement between the parties  with respect to this Stock Option and supersedes all prior agreements and discussions between the  parties concerning such subject matter.  10. Data Privacy Consent. In order to administer the Plan and this Agreement and to  implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain  agents thereof (together, the “Relevant Companies”) may process any and all personal or  professional data, including but not limited to Social Security, social insurance or other  identification number, home address and telephone number, date of birth and other information  that is necessary or desirable for the administration of the Plan and/or this Agreement (the  “Relevant Information”). By entering into this Agreement, the Optionee (i) authorizes the  Company to collect, process, register and transfer to the Relevant Companies all Relevant  





 






5  Information; (ii) waives any privacy rights the Optionee may have with respect to the Relevant  Information; (iii) authorizes the Relevant Companies to store and transmit such information in  electronic form; and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in  which the Relevant Companies consider appropriate. The Optionee shall have access to, and the  right to change, the Relevant Information. Relevant Information will only be used in accordance  with applicable law.  11. Notices. Notices hereunder shall be mailed or delivered to the Company at its  principal place of business and shall be mailed or delivered to the Optionee at the address on file  with the Company or, in either case, at such other address as one party may subsequently furnish  to the other party in writing.  POINT BIOPHARMA GLOBAL INC.  By:    Title:  The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed  to by the undersigned. Electronic acceptance of this Agreement pursuant to the Company’s  instructions to the Optionee (including through an online acceptance process) is acceptable.  Dated:      Optionee’s Signature  Optionee’s name and address: