Document:

Form of Option Agreement for non-employee directors

 Exhibit 10.6 
 CERUS CORPORATION 

NONSTATUTORY STOCK OPTION 

2008 EQUITY INCENTIVE PLAN 
 Name, Optionholder: 
 CERUS
CORPORATION (the “Company”), pursuant to its 2008 EQUITY INCENTIVE PLAN (“the Plan”), has granted to you, the optionholder named above, an
option to purchase shares of the common stock of the Company (“Common Stock”). This option is not intended to qualify as and will not be treated as an “incentive stock option” within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended (the “Code”). 
 The details of your option are as follows: 

1. TOTAL NUMBER OF SHARES SUBJECT TO
THIS OPTION. The total number of shares of Common Stock subject to this option is
            (            ). 
 2. GRANT DATE. The grant date of this option is             . 

3. VESTING. Subject to the limitations contained herein, your option shall become vested and exercisable in
            equal monthly installments. The vesting of each installment shall occur on             following the date of grant,
beginning with the             following the date of grant; provided that your Continuous Service has not been interrupted during the period preceding each vesting date.
Notwithstanding the foregoing, the vesting of your option shall be accelerated in the event of a corporate transaction of the Company, as described in Section 10(c) of the Sub-Plan. 

4. EXERCISE PRICE AND METHOD OF PAYMENT.

 (a) Exercise Price. The exercise price of this option is
            (            ) per share, being one hundred percent (100%) of the fair market value of the Common Stock on the
date of grant of this option (which, in accordance with the terms of the Plan, shall be the closing sales price for the Company’s Common Stock on the market trading day on the date hereof, as quoted on the Nasdaq National Market); 

(b) Method of Payment. Payment of the exercise price per share is due in full upon exercise of all or any part of each installment
that has accrued to you. You may elect, to the extent permitted by applicable statutes and regulations, to make payment of the exercise price under one of the following alternatives: 

(i) Payment of the exercise price per share in cash (including check) at the time of exercise; 

  
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 (ii) Payment pursuant to a program developed under Regulation T as promulgated by
the Federal Reserve Board which, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales
proceeds; 
 (iii) Provided that at the time of exercise the Company’s Common Stock is publicly traded and quoted
regularly in The Wall Street Journal, payment by delivery of already-owned shares of Common Stock, held for the period required to avoid a charge to the Company’s reported earnings, and owned free and clear of any liens, claims,
encumbrances or security interests, which Common Stock shall be valued at its fair market value on the date of exercise; or 

(iv) Payment by a combination of the methods of payment permitted by subsections 3(b)(i) through 3(b)(iii) above. 

5. EXERCISE PRIOR TO VESTING PERMITTED. 

(a) Conditions of Early Exercise. Subject to the provisions of this option you may elect at any time during your Continuous
Service with the Company or an Affiliate of the Company to exercise the option as to any part or all of the shares subject to this option at any time during the term hereof, including without limitation, a time prior to the date of earliest exercise
(“vesting”) stated in Section 3 hereof; provided, however, that: 
 (i) a partial exercise of this
option shall be deemed to cover first vested shares and then the earliest vesting installment of unvested shares; 
 (ii)
any shares so purchased from installments which have not vested as of the date of exercise shall be subject to the purchase option in favor of the Company as described in the Early Exercise Stock Purchase Agreement; and 

(iii) you shall enter into an Early Exercise Stock Purchase Agreement in the form provided by the Company with a vesting schedule
that will result in the same vesting as if no early exercise had occurred. 
 (b) Expiration of Early Exercise Election.
The election provided in this Section 4 to purchase shares upon the exercise of this option prior to the vesting dates shall cease upon termination of your Continuous Service with the Company or an Affiliate of the Company and may not be
exercised after the date thereof. 
 6. WHOLE SHARES. This option may not be exercised for
any number of shares that would require the issuance of anything other than whole shares. 
 7. SECURITIES
LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, this option may not be exercised unless the shares issuable upon exercise of this option are then registered under the Securities Act of
1933, as amended, or, if such shares are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. 

  
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 8. TERM. The term of this option commences on the
date of grant, and expires at midnight on the day before the tenth (10th) anniversary from the date of grant (the “Expiration Date”), unless this option expires sooner as set forth below or in the Sub-Plan. In no event may this option be exercised after the
Expiration Date. This option shall terminate prior to the Expiration Date as follows: three (3) months after the termination of your Continuous Service (as defined in the Sub-Plan) unless one of the following circumstances exists: 

(a) If your termination of Continuous Service is due to your Disability (as defined in the Sub-Plan), then this option will then
expire on the earlier of the Expiration Date or twelve (12) months following such termination. 
 (b) If your
termination of Continuous Service is due to your death or your death occurs within three (3) months following such termination, then this option will then expire on the earlier of the Expiration Date or eighteen (18) months after your
death. 
 (c) If during any part of such three (3) month period you may not exercise your option solely because of
the condition set forth in Section 7 above, then your option will not expire until the earlier of the Expiration Date set forth above or until the expiration of a period of three (3) months after your termination of Continuous Service
during which exercise of the option would not violate the condition set forth in Section 7 above. 
 This option may be
exercised following termination of Continuous Service only as to that number of shares as to which it was vested on the date of such termination under the schedule set forth in Section 3 of this option. 

9. EXERCISE. 
 (a) This option may be exercised, to the extent specified above, by delivering a notice of exercise (in a form designated by the Company) together with the exercise price, to the Secretary of the
Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require. 
 (b) By exercising this option you agree that, as a precondition to the completion of any exercise of this option, the Company may require you to enter an arrangement providing for the payment by
you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of this option; (2) the lapse of any substantial risk of forfeiture to which the shares are subject at the time of exercise; or
(3) the disposition of shares acquired upon such exercise. 
 10. TRANSFERABILITY. This option is not
transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may
designate a third party who, in the event of your death, shall thereafter be entitled to exercise this option. 

  
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 11. NOTICES. Any notices provided for in this option or the Sub-Plan
shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the address
specified below or at such other address as you hereafter designate by written notice to the Company. 
 12.
GOVERNING SUB-PLAN DOCUMENT. This option is subject to all the provisions of the Sub-Plan, a copy of which is attached hereto and its provisions are hereby made a part of this option,
including without limitation the provisions of Section 6 of the Sub-Plan relating to option provisions and Section 10 relating to adjustments upon changes in 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 Sub-Plan. In the event of any conflict between the provisions of this option and those of the Sub-Plan, the provisions of the Sub-Plan shall control. 

Dated                 . 

 

			
	Very truly yours,
	
	CERUS CORPORATION
		
	By:	 	  

		 	Duly authorized on behalf
		 	of the Board of Directors

 Attachments: 
 Cerus Corporation 2008 Equity Incentive Plan 

  
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 The undersigned: 
 (a) Acknowledges receipt of the foregoing option and the attachments referenced therein and understands that all rights and liabilities with respect to this option are set forth in the option and the
Sub-Plan; and 
 (b) Acknowledges that as of the date of grant of this option, it sets forth the entire understanding between
the undersigned optionholder and the Company and its Affiliates regarding the acquisition of stock in the Company under this option and supersedes all prior oral and written agreements on that subject with the exception of (i) the options
previously granted and delivered to the undersigned under stock option plans of the Company, and (ii) the following agreements only: 
  

									
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		 	(Initial)	 	
			
	Other	 		 	
			
		 	  
	 	

							
			
		 	Optionholder	 	  

			
		 	Address:	 	  

			
		 		 	  

  
 5Form of Restricted Stock Unit Agreement

 Exhibit 10.7 
 CERUS CORPORATION 
 2008
EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK
UNIT GRANT NOTICE 
 Cerus Corporation (the “Company”), pursuant to its 2008 Equity
Incentive Plan (the “Plan”), hereby awards to Participant the number of Restricted Stock Units set forth below (“Award”). This Award is subject to all of the terms and conditions as set forth herein and in the Restricted Stock
Unit Agreement and the Plan, both of which are attached hereto and incorporated herein in their entirety. 
  

			
	Participant:	 	  

	Date of Grant:	 	  

	Number of Restricted Stock Units:	 	  

  

			
	Vesting Schedule:	  	Subject to the limitations contained herein, 33% of the units subject to the Award vest on
                    ; 33% of the units subject to the Award vest on
                    ; and 34% of the units subject to the Award vest
on                    ; provided that your Continuous Service has not been terminated or interrupted during the period preceding each vesting
date.

 Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of, and understands and agrees
to, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement and the Plan
set forth the entire understanding between Participant and the Company regarding the acquisition of Restricted Stock Units of the Company and supersede all prior oral and written agreements on that subject with the exception of (i) Awards
previously granted and delivered to Participant under the Plan, and (ii) the following agreements only: 
  

			
	 OTHER AGREEMENTS:
	  	  

		  	  

  

									
	CERUS CORPORATION	  		 	PARTICIPANT:
				
	By:	 	  
	  		 	  

		 	Signature	  		 		 	Signature
					
	Title:	 	  
	  		 	Date:	 	  

					
	Date:	 	  
	  		 		 	

 ATTACHMENTS: Restricted Stock Unit Agreement and 2008 Equity Incentive Plan

 ATTACHMENT I 

CERUS CORPORATION 
 2008 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

Pursuant to the Restricted Stock Unit Grant Notice (“Grant Notice”) and this Restricted Stock Unit Agreement
(“Agreement”) (collectively, the “Award”), Cerus Corporation (the “Company”) has awarded you, pursuant to its 2008 Equity Incentive Plan (the “Plan”), the number of Restricted Stock Units as indicated in the
Grant Notice. Defined terms not explicitly defined in this Restricted Stock Unit Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 The details of your Award are as follows. 
 1.
VESTING. Subject to the limitations contained herein, your Award shall vest as provided in the Grant Notice, provided that vesting shall cease upon the termination of your Continuous Service. Any Restricted Stock
Units that have not vested shall be forfeited upon the termination of your Continuous Service. 
 2.
DIVIDENDS. You shall not receive any payment or other adjustment in the number of your Restricted Stock Units for dividends or other distributions that may be made in respect of the shares of Common Stock to
which your Restricted Stock Units relate. 
 3. ISSUANCE AND DELIVERY
OF STOCK CERTIFICATES. Subject to the satisfaction of the withholding obligations set forth in Section 11 of this Agreement, and except as set forth in Section 5 of this
Agreement, (i) the Company will issue to you those shares of the Company’s Common Stock that vested under your Restricted Stock Units on the last scheduled vesting date indicated in your Grant Notice, regardless of whether your Continuous
Service has terminated prior to such last scheduled vesting date, and (ii) the stock certificates (the “Certificates”), issued in your name, representing any such vested shares of Common Stock will be delivered to you as soon as
practicable after such last scheduled vesting date. 
 4. NUMBER OF
SHARES. The number of Restricted Stock Units subject to your Award may be adjusted from time to time for capitalization adjustments, as provided in Section 13(a) of the Plan. 

5. EFFECT OF CERTAIN CORPORATE
TRANSACTIONS. Notwithstanding the issuance schedule set forth in Section 3 above, if the Company consummates a transaction or series of transactions that results in (i) any sale or other disposition
of all or substantially all of the assets of the Company that occurs over a period of not more than twelve (12) months or (ii) any person, or more than one person acting as a group, acquiring ownership of stock of the Company, that
together with the stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company (an “Ownership 

  
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Change”) then, (1) if your Continuous Service has not terminated as of the effective Date of the Ownership Change, this Award will become fully vested and all shares of Common Stock
subject to this Award shall be issued on the effective date of the Ownership Change and (2) if your Continuous Service has terminated prior to such date, no additional vesting acceleration will apply to this Award but all vested shares of
Common Stock subject to this Award will be issued on the effective date of the Ownership Change. This definition of Ownership Change is intended to conform to the definitions of “change in ownership of a corporation” and “change in
ownership of a substantial portion of a corporations assets” provided in Treasury Regulation Sections 1.409A-3(i)(5)(v) and (vii). 
 6. SECURITIES LAW COMPLIANCE. You may not be issued any shares of Common Stock under your Award unless the shares are either
(i) then registered under the Securities Act or (ii) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. Your Award must also comply with other applicable laws and
regulations governing the Award, and you shall not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and regulations. 

7. RESTRICTIVE LEGENDS. The shares of Common Stock issued under your Award
shall be endorsed with appropriate legends, if any, determined by the Company. 
 8.
TRANSFERABILITY. Your Award is not transferable, except by will or by the laws of descent and distribution. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory
to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to receive any distribution of shares of Common Stock pursuant to Section 3 of this Agreement. 

9. AWARD NOT A SERVICE CONTRACT. Your
Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or an Affiliate, or on the part of the Company or an
Affiliate to continue such service. In addition, nothing in your Award shall obligate the Company or an Affiliate, their respective stockholders, boards of directors, Officers or Employees to continue any relationship that you might have as an
Employee, Director or Consultant for the Company or an Affiliate. 
 10. UNSECURED
OBLIGATION. Your Award is unfunded, and as a holder of vested Restricted Stock Units subject to your Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation,
if any, to issue shares of Common Stock pursuant to Section 3 of this Agreement. 
 11. WITHHOLDING
OBLIGATIONS. 
 (a) At the time you receive a distribution of shares of Common Stock
pursuant to your Award, or at any other time as reasonably requested by the Company, you hereby authorize any required withholding from payroll and any other amounts payable to you and otherwise agree to make adequate provision for any sums required
to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate, if any, which arise in connection with your Award. 

  
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 (b) You may elect to satisfy the tax withholding obligations of the Company and/or
any Affiliate by tendering a cash payment prior to the date determined by the Company and/or any Affiliate. In the event that you do not elect to make such a cash payment, the Company may, in it sole discretion, satisfy the tax withholding
obligations of the Company and/or any Affiliate by (i) withholding from fully vested shares of Common Stock otherwise issuable to you pursuant to your Award a number of whole shares of Common Stock having a Fair Market Value, determined by the
Company as of the date of distribution, not in excess of the minimum amount of tax required to be withheld by law (or such lesser amount as may be necessary to avoid variable award accounting or classification of the Award as a liability), in
compliance with any applicable legal conditions or restrictions, and (ii) requiring you to satisfy any remaining amount of the tax withholding obligations of the Company and/or any Affiliate by tendering a cash payment or pursuant to
Section 11(a) above. 
 (c) Unless the tax withholding obligations of the Company and/or any Affiliate are
satisfied, the Company shall have no obligation to issue a certificate for such shares. 
 12.
NOTICES. Any notices provided for in your Award or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days
after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 

13. HEADINGS. The headings of the Sections in this Agreement are inserted for convenience
only and shall not be deemed to constitute a part of this Agreement or to affect the meaning of this Agreement. 
 14.
AMENDMENT. Nothing in this Agreement shall restrict the Company’s ability to exercise its discretionary authority pursuant to Section 3 of the Plan; provided, however, that no such action
may, without your consent, adversely affect your rights under your Award and this Agreement. 
 15.
MISCELLANEOUS. 
 (a) The rights and obligations of the Company under your Award
shall be transferable to any one or more persons or entities, and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. 

(b) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the
Company to carry out the purposes or intent of your Award. 
 (c) You acknowledge and agree that you have reviewed your
Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award. 

  
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 16. GOVERNING PLAN
DOCUMENT. Your Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Award, 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 your Award and those of the Plan, the provisions of the Plan shall control. 

17. CHOICE OF LAW. The interpretation, performance and
enforcement of this Agreement shall be governed by the law of the state of California without regard to such state’s conflicts of laws rules. 

  
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 ATTACHMENT II 

2008 EQUITY INCENTIVE PLAN

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