Document:

Form of Nonstatutory Stock Option Agreement

 Exhibit 10.3 
 NMT MEDICAL, INC. 
 Nonstatutory Stock Option Agreement  
 Granted Under 2007 Stock Incentive Plan 
 1. Grant
of Option. 
 This agreement evidences the grant by NMT Medical, Inc., a Delaware corporation (the “Company”), on
                , 200   (the “Grant Date”) to
                        , an [employee], [consultant], [director] of the Company (the “Participant”), of an
option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2007 Stock Incentive Plan (the “Plan”), a total of
                         shares (the “Shares”) of common stock, $0.001 par value per share, of the Company
(“Common Stock”) at $         per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on
                             (the “Final Exercise Date”). 
 It is intended that the option evidenced by this agreement shall not be an incentive stock option as defined in Section 422 of the Internal Revenue
Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”). Except as otherwise indicated by the context, the term “Participant”, as used in this option, shall be deemed to include any person who acquires
the right to exercise this option validly under its terms. 
 2. Vesting Schedule. 
 This option will become exercisable (“vest”) as to     % of the original number of Shares on the
                         anniversary of the Grant Date and as to an additional     % of
the original number of Shares at the end of each successive                      period following the
                         anniversary of the Grant Date until the
                         anniversary of the Grant Date. 
 The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall
continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. 
 3. Exercise of Option. 
 (a) Form of Exercise.
Each election to exercise this option shall be by written notice in the form attached hereto as Exhibit A, signed by the Participant, and received by the Company at its principal office, accompanied by this agreement, and payment in full in
the manner provided in the Plan. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares. 
 (b) Continuous Relationship with the Company Required. Except as otherwise provided in this Section 3, this option may not be exercised
unless the Participant, at the time he or she exercises this option, is, and has been at all times since the Grant Date, an [employee or officer of], or consultant or advisor to, the Company or any other entity the employees, officers, directors,
consultants, or advisors of which are eligible to receive option grants under the Plan (an “Eligible Participant”). 

 (c) Termination of Relationship with the Company. If the Participant ceases to be an Eligible
Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate [three months] [one year] after such cessation (but in no event after the Final Exercise Date),
provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise
Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate
immediately upon such violation. 
 (d) Exercise Period Upon Death or Disability. If the Participant dies or becomes disabled (within
the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph (e) below, this
option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be
exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date. 
 (e) Termination for Cause. If, prior to the Final Exercise Date, the Participant’s employment or other relationship with the Company is
terminated by the Company for Cause (as defined below), the right to exercise this option shall terminate immediately upon the effective date of such termination of employment or other relationship. If, prior to the Final Exercise Date, the
Participant is given notice by the Company of the termination of his or her employment or other relationship by the Company for Cause, and the effective date of such employment or other termination is subsequent to the date of the delivery of such
notice, the right to exercise this option shall be suspended from the time of the delivery of such notice until the earlier of (i) such time as it is determined or otherwise agreed that the Participant’s employment or other relationship
shall not be terminated for Cause as provided in such notice or (ii) the effective date of such termination of employment or other relationship (in which case the right to exercise this option shall, pursuant to the preceding sentence,
terminate immediately upon the effective date of such termination of employment or other relationship). If the Participant is party to an employment, consulting or severance agreement with the Company that contains a definition of “cause”
for termination of employment or other relationship, “Cause” shall have the meaning ascribed to such term in such agreement. Otherwise, “Cause” shall mean willful misconduct by the Participant or willful failure by the
Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between
the Participant and the Company), as determined by the Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for “Cause” if the Company determines, within 30 days after the
Participant’s resignation, that discharge for cause was warranted. 
  

 -2- 

 4. Withholding. 
 No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local
withholding taxes required by law to be withheld in respect of this option. 
 5. Nontransferability of Option. 
 This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except
by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. 
 6.
Provisions of the Plan. 
 This option is subject to the provisions of the Plan (including the provisions relating to amendments to the
Plan), a copy of which is furnished to the Participant with this option. 
 IN WITNESS WHEREOF, the Company has caused this option to be
executed under its corporate seal by its duly authorized officer. This option shall take effect as a sealed instrument. 
  

			
	NMT MEDICAL, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 -3- 

 PARTICIPANT’S ACCEPTANCE 
 The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy
of the Company’s 2007 Stock Incentive Plan. 
  

					
	PARTICIPANT:	 	
		
	  
	 	
			
	Address:	 	  
	 	
			
		 	  
	 	

  

 -4- 

 NOTICE OF STOCK OPTION EXERCISE 
 Date:
                             
 NMT Medical, Inc. 
 27 Wormwood Street 
 Boston, Massachusetts 02110-1625 
 Attention: Treasurer 
 Dear Sir or Madam: 
 I am the holder of a Nonstatutory Stock Option granted to me under the NMT Medical, Inc. (the
“Company”) 2007 Stock Incentive Plan on                          for the purchase of
                         shares of Common Stock of the Company at a purchase price of
$                         per share. 
 I hereby exercise my option to purchase                          shares of Common Stock
(the “Shares”), for which I have enclosed                          in the amount of
                        . Please register my stock certificate as follows: 
  

					
		 	Name(s):	 	  

			
		 		 	  

			
		 	Address:	 	  

			
		 	Tax I.D. #:	 	  

 Very truly yours, 
  

	
	  

	(Signature)

  

 -5-Form of Restricted Stock Option Agreement

 Exhibit 10.4 
 NMT MEDICAL, INC. 
 Restricted Stock Agreement 
  

					
	Name of Recipient:	 	  
	 	 
			
	Number of shares of restricted common stock awarded:	 	  
	 	
			
	Grant Date:	 	  
	 	

 NMT Medical, Inc. (the “Company”) has selected you to receive the restricted stock award
described above, which is subject to the provisions of the Company’s 2007 Stock Incentive Plan (the “Plan”) and the terms and conditions contained in this Restricted Stock Agreement. Please confirm your acceptance of this restricted
stock award and of the terms and conditions of this Agreement by signing a copy of this Agreement where indicated below. 
  

					
	 	 	NMT MEDICAL, INC.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	Accepted and Agreed:	 		 	
			
	  
	 		 	
	[insert name of recipient]	 		 	

 NMT MEDICAL, INC. 
 Restricted Stock Agreement 
 The terms and conditions of the award of shares of restricted
common stock of the Company (the “Restricted Shares”) made to the Recipient, as set forth on the cover page of this Agreement, are as follows: 
 1. Issuance of Restricted Shares. 
 (a) The Restricted Shares are issued to the Recipient, effective
as of the Grant Date (as set forth on the cover page of this Agreement), in consideration of [employment] services rendered and to be rendered by the Recipient to the Company. 
 (b) As promptly as practicable following the Grant Date, the Company shall issue one or more certificates in the name of the Recipient for the Restricted
Shares. Such certificate(s) shall initially be held on behalf of the Recipient by the Secretary of the Company. Following the vesting of any Restricted Shares pursuant to Section 2 below, the Secretary shall, if requested by the Recipient,
deliver to the Recipient a certificate representing the vested Restricted Shares. The Recipient agrees that the Restricted Shares shall be subject to the forfeiture provisions set forth in Section 3 of this Agreement and the restrictions on
transfer set forth in Section 4 of this Agreement. 
 2. Vesting. Unless otherwise provided in this Agreement or the Plan, the
Restricted Shares shall vest in accordance with the following vesting schedule:     % of the total number of Restricted Shares shall vest on the
             anniversary of the Grant Date and     % of the total number of Restricted Shares shall vest at the end of each successive
             period following the              anniversary of the Grant Date, through and including the
             anniversary of the Grant Date. Any fractional number of Restricted Shares resulting from the application of the foregoing percentages shall be rounded down to the
nearest whole number of Restricted Shares. 
 3. Forfeiture of Unvested Restricted Shares Upon [Employment] Termination. 

In the event that the Recipient ceases to be [employed by] [a director of] the Company for any reason or no reason, with or without cause, all of the
Restricted Shares that are unvested as of the time of such [employment] termination shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Recipient, effective as of such termination [of
employment]. The Recipient hereby authorizes the Company to take any actions necessary or appropriate to cancel any certificate(s) representing forfeited Restricted Shares and transfer ownership of such forfeited Restricted Shares to the Company;
and if the Company or its transfer agent requires an executed stock power or similar confirmatory instrument in connection with such cancellation and transfer, the Recipient shall promptly execute and deliver the same to the Company. The Recipient
shall have no further rights with respect to any Restricted Shares that are so forfeited. [If the Recipient is employed by a subsidiary of the Company, any references in this Agreement to employment with the Company shall instead be deemed to refer
to employment with such subsidiary.] 

 4. Restrictions on Transfer. 
 The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively
“transfer”) any Restricted Shares, or any interest therein, until such Restricted Shares have vested, except that the Recipient may transfer such Restricted Shares: (a) to or for the benefit of any spouse, children, parents, uncles,
aunts, siblings, grandchildren and any other relatives approved by the Joint Compensation and Options Committee (collectively, “Approved Relatives”) or to a trust established solely for the benefit of the Recipient and/or Approved
Relatives, provided that such Restricted Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions set forth in Section 3 and the restrictions on transfer set forth in this Section 4) and
such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement; or (b) as part of the sale of all
or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation). The Company shall not be required (i) to transfer on its books any of the Restricted Shares which have been transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in violation of any of the provisions of this
Agreement. 
 5. Restrictive Legends. 
 All certificates representing Restricted Shares shall have affixed thereto a legend in substantially the following form, in addition to any other legends that may be required under applicable law: 
 “These shares of stock are subject to forfeiture provisions and restrictions on transfer set forth in a certain Restricted Stock Agreement between
the corporation and the registered owner of these shares (or his or her predecessor in interest), and such Agreement is available for inspection without charge at the office of the Secretary of the corporation.” 
 6. Rights as a Stockholder. 
 Except
as otherwise provided in this Agreement, for so long as the Recipient is the registered owner of the Restricted Shares, the Recipient shall have all rights as a stockholder with respect to the Restricted Shares, whether vested or unvested,
including, without limitation, any rights to receive dividends and distributions with respect to the Restricted Shares and to vote the Restricted Shares and act in respect of the Restricted Shares at any meeting of stockholders. 
 7. Provisions of the Plan. 
 This
Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Recipient with this Agreement. As provided in the Plan, upon the occurrence of a Reorganization Event (as defined in the Plan), the rights of the Company
hereunder (including the right to receive forfeited Restricted Shares) shall inure to the benefit of the Company’s successor and, unless the Board determines otherwise, shall apply to the cash, securities or other property which the Restricted
Shares were converted into or exchanged for pursuant to such Reorganization Event in the same manner and to the same extent as they applied to the Restricted Shares under this Agreement. 

 8. Tax Matters. 
 (a) Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or she is responsible obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the
Restricted Shares and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares. The Recipient understands
that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares. The Recipient acknowledges that he or she
has been informed of the availability of making an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the Restricted Shares and that the Recipient has decided not to file a Section 83(b)
election. 
 (b) Withholding. The Recipient acknowledges and agrees that the Company has the right to deduct from payments of any kind
otherwise due to the Recipient any federal, state, local or other taxes of any kind required by law to be withheld with respect to the vesting of the Restricted Shares. On each date on which Restricted Shares vest, the Company shall deliver written
notice to the Recipient of the amount of withholding taxes due with respect to the vesting of the Restricted Shares that vest on such date; provided, however, that the total tax withholding cannot exceed the Company’s minimum statutory
withholding obligations (based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such supplemental taxable income). The Recipient shall satisfy such tax withholding obligations
by making a cash payment to the Company on the date of vesting of the Restricted Shares, in the amount of the Company’s withholding obligation in connection with the vesting of such Restricted Shares. 
 9. Miscellaneous. 
 (a) Authority
of Joint Compensation and Options Committee. In making any decisions or taking any actions with respect to the matters covered by this Agreement, the Joint Compensation and Options Committee shall have all of the authority and discretion, and
shall be subject to all of the protections, provided for in the Plan. All decisions and actions by the Joint Compensation and Options Committee with respect to this Agreement shall be made in the Joint Compensation and Options Committee’s
discretion and shall be final and binding on the Recipient. 
 (b) No Right to Continued [Employment] [Service as a Director]. The
Recipient acknowledges and agrees that, notwithstanding the fact that the vesting of the Restricted Shares is contingent upon his or her continued [employment by] [service as a director of] the Company, this Agreement does not constitute an express
or implied promise of continued [employment] [service] or confer upon the Recipient any rights with respect to continued [employment by] [service with] the Company. 

 (c) Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with
the internal laws of the State of Delaware without regard to any applicable conflicts of laws provisions. 
 (d) Recipient’s
Acknowledgments. The Recipient acknowledges that he or she has read this Agreement, has received and read the Plan, and understands the terms and conditions of this Agreement and the Plan.

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