ABSENCE OF ANY SUCH DESIGNATION, BENEFITS REMAINING UNPAID AT
THE GRANTEE'S DEATH SHALL BE PAID TO THE GRANTEE'S ESTATE.
9.
CONTINUATION OF SERVICE AS DIRECTOR.
THIS AGREEMENT SHALL NOT CONFER UPON THE GRANTEE ANY RIGHT TO CONTINUE SERVICE
WITH THE COMPANY, NOR SHALL THIS AGREEMENT INTERFERE IN ANY WAY WITH THE
COMPANY'S RIGHT TO TERMINATE THE GRANTEE'S SERVICE AT ANY TIME.
10.
INCORPORATION OF PLAN.
NOTWITHSTANDING
ANYTHING HEREIN TO THE CONTRARY, THIS AGREEMENT SHALL BE SUBJECT TO AND GOVERNED
BY ALL THE TERMS AND CONDITIONS OF THE PLAN.
CAPITALIZED TERMS IN THIS
AGREEMENT SHALL HAVE THE MEANING SPECIFIED IN THE PLAN, UNLESS A DIFFERENT
MEANING IS SPECIFIED HEREIN.
11.
TRANSFERABILITY.
THIS AGREEMENT IS PERSONAL
TO THE GRANTEE, 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.
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12.
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 GRANTEE 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.
ANIKA THERAPEUTICS, INC.
By:
Title
The foregoing Agreement is hereby accepted and the terms and conditions thereof
hereby agreed to by the undersigned.
Dated:
Grantee's Signature
Grantee's name and address:
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