Document:

Form of Stock Option Agreement

  
 Exhibit 10.2

  
 NMT MEDICAL, INC. 
  
 Incentive Stock Option Agreement 
 Granted Under 1998 Stock Incentive Plan 
  

	1.	Grant of Option. 

  
 This agreement evidences the grant by NMT Medical, Inc., a Delaware corporation (the “Company”), on <<Grant Date>> (the “Grant
Date”) to [First Name] [Last Name], an employee 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 1998 Stock Incentive Plan (the
“Plan”), a total of <<Number>> shares (the “Shares”) of common stock, $.001 par value per share, of the Company (“Common Stock”) at <<Price>> per Share. Unless earlier terminated, this option
shall expire on <<Exp. Date>> (the “Final Exercise Date”). 
  
 It is intended that the option evidenced by this agreement shall be an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended and any regulations promulgated there under (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”) in <<Vesting Schedule>>. 
  
 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.

  
 <<In the event of an Acquisition Event (as defined in
the Plan), and as long as the Participant is an employee, officer, director, consultant or advisor of the Company at such time, this option shall become immediately exercisable in full. An “Acquisition Event” is defined in the Plan to mean
(a) any merger or consolidation of the Company with or into another entity as a result of which the Common Stock is converted into or exchanged for the right to receive cash, securities or other property or (b) any exchange of shares of the Company
for cash, securities or other property pursuant to a statutory share exchange transaction.>> <<Optional provision depending on grant>> 
  

	3.	Exercise of Option 

  

	 	(a)	Form of Exercise. Each election to exercise this option shall be in writing, 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.

  

 -1- 

	 	(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, officer or director of, or consultant or advisor to, the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code
(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 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, 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)	Discharge for Cause. If the Participant, prior to the Final Exercise Date, is discharged by the Company for “cause” (as defined below), the right to exercise this
option shall terminate immediately upon the effective date of such discharge. “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.

  

	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. 
  

 -2- 

	6.	Disqualifying Disposition. 

  
 If the Participant disposes of Shares acquired upon exercise of this option within two years from the Grant Date or one year after such Shares were
acquired pursuant to exercise of this option, the Participant shall notify the Company in writing of such disposition. 
  

	7.	Provisions of the Plan. 

  
 This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option. 
  
 IN WITNESS WHEREOF, the Company has caused this option, (dated <<Grant
Date>>), 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:

  
 PARTICIPANT’S ACCEPTANCE 
  
 The undersigned hereby
accepts the foregoing option, (dated <<Grant Date>>), and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company’s 1998 Stock Incentive Plan. 
  

			
	 PARTICIPANT:

	
	 
		
	 Address: 
	 	 
		
	 	 	 

  
 Grant dated, <<Grant
Date>>, for [First Name] [Last Name] 
  

 -3-Form of Stock Option Agreement

  
 Exhibit 10.3

  
 NMT MEDICAL, INC. 
  
 INCENTIVE STOCK OPTION LETTER AGREEMENT 
  
 1996 PLAN 
  
 TO: [First Name] [Last Name] 
  
 We are pleased to inform you that you have been selected by the Plan Administrator of the NMT Medical, Inc. (the “Company”) 1996 Stock Option
Plan (the “Plan”) to receive an incentive option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, for the purchase of <<Number>> shares of the Company’s common stock, $.001 par value, at an
exercise price of <<Price>> per share (the “exercise price”). The date of grant of the option is <<Grant Date>>. A copy of the Plan is available and the provisions thereof, including, without limitation, those
relating to withholding taxes, are incorporated into this Agreement by reference. 
  
 The terms of the option are as set forth in the Plan and in this Agreement. The most important of the terms set forth in the Plan are summarized as follows:  
  
 Term. The term of the option is ten years from date of grant, unless
sooner terminated. 
  
 Exercise. During your lifetime only
you can exercise the option. The Plan also provides for exercise of the option by the personal representative of your estate or the beneficiary thereof following your death. You may use the Notice of Exercise in the form attached to this Agreement
when you exercise the option. 
  
 Payment for Shares. The
option may be exercised by the delivery of: 
  
 (a) Cash, personal
check (unless at the time of exercise the Plan Administrator determines otherwise), or bank certified or cashier’s checks; or 
  
 (b) Unless the Plan Administrator in its sole discretion determines otherwise, a properly executed Notice of Exercise, together with irrevocable
instructions to a broker to promptly deliver to the Company the amount of sale or loan proceeds to pay the exercise price. 
  
 Termination. The option will terminate immediately upon termination for cause, as defined in the Plan, or three months after cessation of your
relationship with the Company or an Affiliate thereof, unless cessation is due to death or total disability, in which case the option shall terminate 12 months after cessation of such relationship. 
  
 Transfer of Option. The option is not transferable except by will or
by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order. 
  
 Vesting. During the period of Optionee’s continuous relationship with the Company or any subsidiary thereof, the option shall become
exercisable <<Vesting Schedule>>. 
  

 <<In the event of an Acquisition Event (as defined in the Plan), and as long as the Participant is
an employee, officer, director, consultant or advisor of the Company at such time, this option shall become immediately exercisable in full. An “Acquisition Event” is defined in the Plan to mean (a) any merger or consolidation of the
Company with or into another entity as a result of which the Common Stock is converted into or exchanged for the right to receive cash, securities or other property or (b) any exchange of shares of the Company for cash, securities or other property
pursuant to a statutory share exchange transaction.>> <<Optional provision depending on grant>> 
  
 YOUR PARTICULAR ATTENTION IS DIRECTED TO SECTION 8 OF THE PLAN WHICH DESCRIBES CERTAIN IMPORTANT CONDITIONS RELATING TO FEDERAL AND STATE SECURITIES LAWS
THAT MUST BE SATISFIED BEFORE THE OPTION CAN BE EXERCISED AND BEFORE THE COMPANY CAN ISSUE ANY SHARES TO YOU. THE COMPANY HAS NO OBLIGATION TO REGISTER THE SHARES THAT WOULD BE ISSUED UPON THE EXERCISE OF YOUR OPTION, AND IF IT NEVER REGISTERS THE
SHARES, YOU WILL NOT BE ABLE TO EXERCISE THE OPTION UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE. AT THE PRESENT TIME, EXEMPTIONS FROM REGISTRATION UNDER FEDERAL AND STATE SECURITIES LAWS ARE VERY LIMITED AND MIGHT BE UNAVAILABLE TO YOU PRIOR
TO THE EXPIRATION OF THE OPTION. CONSEQUENTLY, YOU MIGHT HAVE NO OPPORTUNITY TO EXERCISE THE OPTION AND TO RECEIVE SHARES UPON SUCH EXERCISE. IN ADDITION, YOU SHOULD CONSULT WITH YOUR TAX ADVISOR CONCERNING THE RAMIFICATIONS TO YOU OF HOLDING OR
EXERCISING YOUR OPTIONS OR HOLDING OR SELLING THE SHARES UNDERLYING SUCH OPTIONS. 
  
 You understand that, during any period in which the shares which may be acquired pursuant to your option are subject to the provisions of Section 16 of the Securities Exchange Act of 1934, as amended (and you yourself
are also so subject), in order for your transactions under the Plan to qualify for the exemption from Section 16(b) provided by Rule 16b-3, a total of six months must elapse between the grant of the option and the sale of shares underlying the
option. 
  
 Please execute the Acceptance and Acknowledgement set
forth below on the enclosed copy of this Agreement and return it to the undersigned. 
  

			
	 Very truly yours,

	
	 NMT MEDICAL, INC.

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 ACCEPTANCE AND ACKNOWLEDGEMENT

  
 I, a resident of the State of
                    , accept the stock option described above granted (<<Grant Date>>) under the NMT Medical,
Inc. 1996 Stock Option Plan, and acknowledge that a copy of this plan will be provided to me upon request. I understand I am responsible for the terms set forth in the Plan, including the provisions of Section 8 thereof. 
  

			
		
	 Dated: 
	 	 

			
		
	 Taxpayer I.D. Number(S.S. #): 
	 	 

			
		
	 Signature: 
	 	 

  
 Grant dated, <<Grant
Date>>, for [First Name] [Last Name]

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