Document:

Exhibit 10.9

 

Option No.:        

 

NEXTCURE, INC.

2019 OMNIBUS INCENTIVE PLAN

 

INCENTIVE STOCK OPTION AGREEMENT

 

COVER SHEET

 

NextCure, Inc., a Delaware corporation (the “Company”), hereby grants an option (the “Option”) to purchase shares of its common stock, par value $0.001 (the “Stock”), to the individual named below as Grantee, subject to the vesting and other conditions set forth below.  The terms and conditions of the Option are set forth in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s 2019 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

 

Grant Date:                                  

 

Name of Grantee:                                  

 

Number of Shares of Stock Covered by Option:                                  

 

Option Price per Share of Stock:  U.S. $     .   

 

Vesting Start Date:                                  

 

Vesting Schedule:                                  

 

Expiration Date:                                  

 

By signing this cover sheet, you agree to all of the terms and conditions described in this Agreement and in the Plan, a copy of which has been provided or made available to you.  You acknowledge that you have carefully reviewed the Plan, and agree that the Plan will control in the event any provision of this Agreement should appear to be inconsistent with the Plan.  Certain capitalized terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan.

 

	
Grantee:
    	
 
    	
 
    	
 
    
	
 
    	
(Signature)
    	
(Date)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Company:
    	
 
    	
 
    	
 
    
	
 
    	
(Signature)
    	
(Date)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
 
    	
 
    
					

 

 

Attachment

 

This document is not a stock certificate or a negotiable instrument.

 

2

 

NEXTCURE, INC.

2019 OMNIBUS INCENTIVE PLAN

 

INCENTIVE STOCK OPTION AGREEMENT

 

	
Incentive Stock Option
    	
 
    	
This Agreement evidences an award of an Option   exercisable for that number of shares of Stock set forth on the cover sheet   and subject to the vesting and other conditions set forth in this Agreement   and in the Plan. This Option is intended to be an incentive stock option   under Section 422 of the Code and will be interpreted accordingly. If   you cease to be an employee of the Company, its parent or a subsidiary (“Employee”) but continue to provide Service, this option   will be deemed a Nonqualified Stock Option three (3) months after you   cease to be an Employee. In addition, to the extent that all or part of this   Option exceeds the one hundred thousand dollar ($100,000) rule of   Section 422(d) of the Code, this Option or the lesser excess part   will be deemed to be a Nonqualified Stock Option.
    
	
 
    	
 
    	
 
    
	
Vesting & Exercisability
    	
 
    	
This Option is only exercisable before it expires   and then only with respect to the vested portion of the Option. This Option   shall vest in accordance with the vesting schedule set forth on the cover   sheet of this Agreement; provided, however, that for purposes of vesting,   fractional numbers of shares of Stock shall be rounded to the nearest whole   number, and you cannot vest in more than the number of shares covered by this   Option. Subject to the preceding sentence, you may exercise this Option, in whole   or in part, to purchase a whole number of vested shares of not less than one   hundred (100) shares, unless the number of shares purchased is the total   number available for purchase under the Option, by following the procedures   set forth in the Plan and below in this Agreement.

 

Unless the termination of your Service triggers   accelerated vesting or other treatment of your Option pursuant to the terms   of this Agreement or the Plan, you shall immediately and automatically   forfeit the unvested portion of the Option to the Company in the event your   Service terminates for any reason.
    
	
 
    	
 
    	
 
    
	
Change in Control
    	
 
    	
In the event of a Change in Control, your Option   will be treated in the manner provided in Sections 16.3 or 16.4 of the Plan,   as applicable.
    
	
 
    	
 
    	
 
    
	
Term
    	
 
    	
Notwithstanding anything in this Agreement to the   contrary, the Option shall expire and you shall immediately and automatically   forfeit the Option to the Company in any event at the close of business at   Company headquarters on the Expiration Date, as shown on the cover sheet.   Your Option will expire earlier (but never later) if your Service terminates,   as described below.
    
	
 
    	
 
    	
 
    
	
Regular Termination
    	
 
    	
If your Service terminates for any reason, other   than due to death or Disability or for Cause, then your Option will expire at   the close of business at Company headquarters on the ninetieth (90th) day after your 
    

 

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termination date.
    
	
 
    	
 
    	
 
    
	
Termination for Cause
    	
 
    	
If your Service is terminated for Cause, then you   shall immediately forfeit all rights to your Option (including to any vested   portion of the Option) and the Option shall immediately expire.
    
	
 
    	
 
    	
 
    
	
Termination due to Death or Disability
    	
 
    	
If your Service terminates due to your death or Disability,   then upon such termination you will be automatically credited with an   additional twelve (12) months of Service for vesting purposes.
    
	
 
    	
 
    	
 
    
	
Death
    	
 
    	
If your Service terminates due to your death, then   your Option will expire at the close of business at Company headquarters on   the date that is twelve (12) months after the date of your death. During such   twelve (12) month period, your estate or heirs may exercise the vested   portion of your Option.

 

In addition, if you die during the ninety (90) day   period described in connection with a regular termination (i.e., a   termination of your Service other than due to death or Disability or for   Cause), and a vested portion of your Option has not yet been exercised, then   such vested portion of your Option will instead expire on the date that is   twelve (12) months after your termination date. In such a case, during the   period following your death up to the date that is twelve (12) months after   your termination date, your estate or heirs may exercise the vested portion   of your Option.
    
	
 
    	
 
    	
 
    
	
Disability
    	
 
    	
If your Service terminates due to your Disability,   then your Option will expire at the close of business at Company headquarters   on the date that is twelve (12) months after your termination date. During   such twelve (12) month period, you (or your guardian or legal representative,   as applicable) may exercise the vested portion of your Option.
    
	
 
    	
 
    	
 
    
	
Leaves of Absence
    	
 
    	
For purposes of this Option, your Service does not   terminate when you go on a bona fide   employee leave of absence that was approved by the Company in writing, if the   terms of the leave provide for continued Service crediting, or when continued   Service crediting is required by applicable law. However, in all other cases,   your Service will be treated as terminating ninety (90) days after you went   on employee leave, unless your right to return to active work is guaranteed   by law or by a contract. Your Service terminates in any event when the   approved leave ends unless you immediately return to active employee work.

 

The Company determines, in its sole discretion,   which leaves count for this purpose, and when your Service terminates for all   purposes under the Plan.
    
	
 
    	
 
    	
 
    
	
Notice of Exercise
    	
 
    	
When you wish to exercise this Option, you must   notify the Company by filing the proper “Notice of Exercise” form at the   address given on the form. Your notice must specify how many shares you wish   to purchase. Your notice must also specify how your shares of Stock should be   registered (in your name only or in your and your spouse’s names as joint   tenants with right of survivorship). The notice will be effective when it is   received by the Company. 
    

 

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If someone else wants to exercise this Option after   your death, that person must prove to the Company’s satisfaction that he or   she is entitled to do so.
    
	
 
    	
 
    	
 
    
	
Form of Payment
    	
 
    	
When you submit your notice of exercise, you must   include payment of the option price indicated on the cover sheet for the   shares you are purchasing. Payment may be made in one (or a combination) of   the following forms:

 

·                  Cash, your   personal check, a cashier’s check, a money order, or another cash equivalent   acceptable to the Company.

 

·                  Shares of   Stock which are owned by you and which are surrendered to the Company and   which are not subject to any repurchase, forfeiture, unfulfilled vesting, or   other similar requirements. The Fair Market Value of the shares of Stock as   of the effective date of the Option exercise will be applied to the Option   Price.

 

·                  By delivery   (on a form prescribed by the Company) of an irrevocable direction to a   licensed securities broker acceptable to the Company to sell shares of Stock   and to deliver all or part of the sale proceeds to the Company in payment of   the aggregate Option Price and any withholding taxes (if approved in advance   by the Committee or the Board if you are either an executive officer or a   director of the Company).
    
	
 
    	
 
    	
 
    
	
Evidence of Issuance
    	
 
    	
The issuance of the shares of Stock upon exercise of   your Option shall be evidenced in such a manner as the Company, in its   discretion, will deem appropriate, including, without limitation, book-entry,   direct registration, or issuance of one or more Stock certificates.
    
	
 
    	
 
    	
 
    
	
Withholding Taxes
    	
 
    	
You agree as a condition of this Agreement that you   will make acceptable arrangements to pay any withholding or other taxes that   may be due relating to the exercise of this Option, the sale of shares of   Stock acquired under this Option, or as otherwise arising under this Option.   In the event that the Company or any Affiliate determines that any federal,   state, local, or foreign tax or withholding payment is required relating to   the exercise of this Option, the sale of shares of Stock acquired under this   Option, or as otherwise arising under this Option, the Company or any   Affiliate shall have the right to (i) require you to tender a cash   payment, (ii) deduct from payments of any kind otherwise due to you, or   (iii) withhold the delivery of vested shares of Stock otherwise deliverable   under this Agreement to meet such obligations.

 

Any shares of Stock so withheld will have an   aggregate Fair Market Value not exceeding the minimum amount of tax required   to be withheld by applicable laws; provided, however, for so long as   Accounting Standards Update 2016-09 or a similar rule is otherwise in   effect, the Board or the Committee has full discretion to choose, or to allow   you to elect, to withhold a number of shares of Stock having an aggregate   Fair Market Value that is greater than the applicable minimum required   statutory withholding obligation (but such withholding may in no event
    

 

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be in excess of the maximum statutory withholding   amount(s) in your relevant tax jurisdictions).

 

You agree that the Company or any Affiliate shall be   entitled to use whatever method it may deem appropriate to recover such   taxes. You further agree that the Company or any Affiliate may, as it   reasonably considers necessary, amend or vary this Agreement to facilitate   such recovery of taxes.
    
	
 
    	
 
    	
 
    
	
Transfer of Option
    	
 
    	
Except as provided in Section 8.10 of the Plan,   during your lifetime, only you (or, in the event of your legal incapacity or   incompetency, your guardian or legal representative) may exercise the Option.   Except as provided in Section 8.10 of the Plan, you may not transfer,   assign, pledge, hypothecate, or otherwise encumber this Option. For instance,   you may not sell this Option or use it as security for a loan. If you attempt   to do any of these things, this Option will immediately become forfeited. You   may, however, dispose of this Option in your will or it may be transferred   upon your death by the laws of descent and distribution.

 

Regardless of any marital property settlement agreement,   the Company is not obligated to honor a notice of exercise from your spouse,   nor is the Company obligated to recognize your spouse’s interest in your   Option in any other way.
    
	
 
    	
 
    	
 
    
	
Retention Rights
    	
 
    	
Neither your Option nor this Agreement gives you the   right to be retained or employed by the Company (or any Affiliate) in any   capacity. Unless otherwise specified in any written employment or other   agreement between the Company or any Affiliate and you, the Company (and any   Affiliate) reserves the right to terminate your Service at any time and for   any reason.
    
	
 
    	
 
    	
 
    
	
Stockholder Rights
    	
 
    	
You, or your estate or heirs, have no rights as a   stockholder of the Company until the shares of Stock have been issued upon   exercise of your Option and either a certificate evidencing your shares of   Stock has been issued or an appropriate entry has been made on the Company’s   books. No adjustments are made for dividends or other rights if the   applicable record date occurs before your stock certificate is issued (or an   appropriate book entry has been made).
    
	
 
    	
 
    	
 
    
	
Forfeiture of Rights
    	
 
    	
If you should take actions in violation or breach of   or in conflict with any agreement prohibiting solicitation of employees or   clients of the Company or any Affiliate, any non-competition obligation with   respect to the Company or any Affiliate, any Company policy or procedure, any   other agreement with or obligation to the Company or any Affiliate, or any   confidentiality obligation with respect to the Company or any Affiliate, the   Company has the right to cause an immediate forfeiture of your rights to this   Option and the immediate expiration of the Option.

 

Without limiting the generality of the foregoing,   if, during your Service or the twelve (12) month period following the   termination of your Service for any reason, you should take actions in   competition with the Company, the Company shall have the right, in its sole   discretion, (i) to cause a
    

 

6

 

	
 
    	
 
    	
forfeiture of any portion of your Option that   remains outstanding, and, (ii) with respect to any shares of Stock that   you have acquired upon exercise of this Option during the period commencing   on the date that is twelve (12) months prior to your termination of Service,   to require you to make a cash payment to the Company (or to forfeit shares of   Stock to the Company) in an amount determined as follows: (1) for any   shares of Stock that you have sold prior to receiving notice from the   Company, the amount will be the proceeds received from the sale(s), and   (2) for any shares of Stock that you still own, the amount will be the   number of shares of Stock owned times the Fair Market Value of the shares of   Stock on the date you receive notice from the Company (provided, that, the   Company may require you to satisfy your payment obligations hereunder either   by forfeiting and returning to the Company such shares of Stock or any other   shares of Stock or making a cash payment or a combination of these methods,   as determined by the Company in its sole discretion).

 

Unless otherwise specified in an employment or other   agreement between the Company or any Affiliate and you, you take actions in   competition with the Company or any Affiliate if you directly or indirectly,   own, manage, operate, join or control, or participate in the ownership,   management, operation or control of, or are a proprietor, director, officer,   stockholder, member, partner or an employee or agent of, or a consultant to   any business, firm, corporation, partnership or other entity which competes   with any business in which the Company or any Affiliate is engaged during   your employment or other relationship with the Company or any Affiliate or at   the time of your termination of Service.

 

If it is ever determined by the Board that your   actions have constituted wrongdoing that contributed to any material   misstatement or omission from any report or statement filed by the Company   with the U.S. Securities and Exchange Commission, gross misconduct, breach of   fiduciary duty to the Company, or fraud, then the Option shall be immediately   forfeited; provided, however, that if the Option was exercised within two   (2) years prior to the Board’s determination, you shall be required to   pay to the Company an amount equal to the aggregate Fair Market Value of the   shares acquired upon such exercise at the date of the Board determination.
    
	
 
    	
 
    	
 
    
	
Clawback
    	
 
    	
This Option is subject to mandatory repayment by you   to the Company to the extent you are or in the future become subject to   (i) any Company or Affiliate “clawback” or recoupment policy that is   adopted to comply with the requirements of any Applicable Laws, or   (ii) any Applicable Laws which impose mandatory recoupment, under   circumstances set forth in such Applicable Laws.
    
	
 
    	
 
    	
 
    
	
Adjustments
    	
 
    	
In the event of a stock split, reverse stock split,   stock dividend, recapitalization, combination or reclassification of shares,   spin-off, or other similar change in capitalization or event, the number of   shares covered by this Option and the option price per share shall be adjusted   pursuant to Section 16 of the Plan. Your Option shall be subject to the   terms of any applicable agreement of merger, liquidation or reorganization in   the event the Company is subject to such corporate
    

 

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activity.
    
	
 
    	
 
    	
 
    
	
Applicable Law
    	
 
    	
This Agreement will be interpreted and enforced   under the laws of Delaware other than any conflicts or choice of law   rule or principle that might otherwise refer construction or   interpretation of this Agreement to the substantive law of another   jurisdiction.
    
	
 
    	
 
    	
 
    
	
The Plan
    	
 
    	
The text of the Plan is incorporated into this   Agreement by reference.

 

This Agreement and the Plan constitute the entire   understanding between you and the Company regarding this Option. Any prior   agreements, commitments or negotiations concerning this grant are superseded;   except that any written employment, consulting, confidentiality,   non-solicitation, non-competition, and/or severance agreement between you and   the Company or any Affiliate shall supersede this Agreement with respect to   its subject matter.
    
	
 
    	
 
    	
 
    
	
Data Privacy
    	
 
    	
In order to administer the Plan, the Company may   process personal data about you. Such data includes, but is not limited to   the information provided in this Agreement and any changes thereto, other   appropriate personal and financial data about you such as home address and   business addresses and other contact information, payroll information and any   other information that might be deemed appropriate by the Company to   facilitate the administration of the Plan.

 

By accepting this Option, you give explicit consent   to the Company to process any such personal data. You also give explicit   consent to the Company to transfer any such personal data outside the country   in which you work or are employed, including, with respect to non-U.S.   resident grantees, to the United States, to transferees who shall include the   Company and other persons who are designated by the Company to administer the   Plan.
    
	
 
    	
 
    	
 
    
	
Consent to Electronic Delivery
    	
 
    	
By accepting the Option, you consent to receive   documents related to the Option by electronic delivery (including e-mail or   reference to a website or other URL) and, if requested, agree to participate   in the Plan through an on-line or electronic system established and   maintained by the Company or another third party designated by the Company,   and your consent shall remain in effect throughout your term of Service and   thereafter until you withdraw such consent in writing to the Company.
    
	
 
    	
 
    	
 
    
	
Certain Dispositions
    	
 
    	
If you sell or otherwise dispose of Stock acquired   pursuant to the exercise of this Option prior to the later of (i) the   second (2nd)   anniversary of the Grant Date or (ii) the one (1) year anniversary   of the date you acquired the Stock, then you agree to notify the Company in   writing of the date of sale or disposition, the number of shares of Stock   sold or disposed of and the sale price per share within thirty (30) days of   such sale or disposition.
    
	
 
    	
 
    	
 
    
	
Code Section 409A
    	
 
    	
This Option is intended to be exempt from, or to   comply with, Code Section 409A to the extent subject thereto, and,   accordingly, to the maximum extent permitted, this Agreement will be   interpreted and administered to be in compliance with Code Section 409A.
    

 

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Notwithstanding anything to the contrary in the Plan   or this Agreement, neither the Company, any Affiliates, the Board, nor the   Committee will have any obligation to take any action to prevent the assessment   of any excise tax or penalty on you under Code Section 409A, and neither   the Company, any Affiliates, the Board, nor the Committee will have any   liability to you for such tax or penalty.
    
	
 
    	
 
    	
 
    
	
Severability
    	
 
    	
If any provision of this Agreement is held invalid   or unenforceable by any court of competent jurisdiction, the other provisions   of this Agreement will remain in full force and effect. Any provision of this   Agreement held invalid or unenforceable only in part or degree will remain in   full force and effect to the extent not held invalid or unenforceable.
    

 

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the Plan.

 

9

 

Option No.:      

 

NEXTCURE, INC.

2019 OMNIBUS INCENTIVE PLAN

 

NONQUALIFIED STOCK OPTION AGREEMENT

 

COVER SHEET

 

NextCure, Inc., a Delaware corporation (the “Company”), hereby grants an option (the “Option”) to purchase shares of its common stock, par value $0.001 (the “Stock”), to the individual named below as Grantee, subject to the vesting and other conditions set forth below.  The terms and conditions of the Option are set forth in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s 2019 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

 

Grant Date:            

 

Name of Grantee:            

 

Number of Shares of Stock Covered by Option:            

 

Option Price per Share of Stock:  U.S. $     .

 

Vesting Start Date:            

 

Vesting Schedule:            

 

Expiration Date:            

 

By signing this cover sheet, you agree to all of the terms and conditions described in this Agreement and in the Plan, a copy of which has been provided or made available to you.  You acknowledge that you have carefully reviewed the Plan, and agree that the Plan will control in the event any provision of this Agreement should appear to be inconsistent with the Plan.  Certain capitalized terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan.

 

	
Grantee:
    	
 
    	
 
    	
 
    
	
 
    	
(Signature)
    	
(Date)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Company:
    	
 
    	
 
    	
 
    
	
 
    	
(Signature)
    	
(Date)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
 
    	
 
    	
 
    

 

 

Attachment

 

This document is not a stock certificate or a negotiable instrument.

 

2

 

NEXTCURE, INC.

2019 OMNIBUS INCENTIVE PLAN

 

NONQUALIFIED STOCK OPTION AGREEMENT

 

	
Nonqualified Stock Option
    	
 
    	
This Agreement evidences an award of an Option   exercisable for that number of shares of Stock set forth on the cover sheet   and subject to the vesting and other conditions set forth in this Agreement   and in the Plan. This Option is not intended to be an incentive stock option   under Section 422 of the Code and will be interpreted accordingly.
    
	
 
    	
 
    	
 
    
	
Vesting & Exercisability
    	
 
    	
This Option is only exercisable before it expires   and then only with respect to the vested portion of the Option. This Option   shall vest in accordance with the vesting schedule set forth on the cover   sheet of this Agreement; provided, however, that for purposes of vesting,   fractional numbers of shares of Stock shall be rounded to the nearest whole   number, and you cannot vest in more than the number of shares covered by this   Option. Subject to the preceding sentence, you may exercise this Option, in   whole or in part, to purchase a whole number of vested shares of not less   than one hundred (100) shares, unless the number of shares purchased is the   total number available for purchase under the Option, by following the   procedures set forth in the Plan and below in this Agreement.

Unless the termination of your Service triggers   accelerated vesting or other treatment of your Option pursuant to the terms   of this Agreement or the Plan, you shall immediately and automatically   forfeit the unvested portion of the Option to the Company in the event your   Service terminates for any reason.
    
	
 
    	
 
    	
 
    
	
Change in Control
    	
 
    	
In the event of a Change in Control, your Option   will be treated in the manner provided in Sections 16.3 or 16.4 of the Plan,   as applicable.
    
	
 
    	
 
    	
 
    
	
Term
    	
 
    	
Notwithstanding anything in this Agreement to the   contrary, the Option shall expire and you shall immediately and automatically   forfeit the Option to the Company in any event at the close of business at   Company headquarters on the Expiration Date, as shown on the cover sheet.   Your Option will expire earlier (but never later) if your Service terminates,   as described below.
    
	
 
    	
 
    	
 
    
	
Regular Termination
    	
 
    	
If your Service terminates for any reason, other   than due to death or Disability or for Cause, then your Option will expire at   the close of business at Company headquarters on the                     after your termination date.
    
	
 
    	
 
    	
 
    
	
Termination for Cause
    	
 
    	
If your Service is terminated for Cause, then you   shall immediately forfeit all rights to your Option (including to any vested   portion of the Option) and the Option shall immediately expire.
    
	
 
    	
 
    	
 
    
	
Termination due to Death or Disability
    	
 
    	
If your Service terminates due to your death or   Disability, then upon such termination you will be automatically credited   with an additional twelve 
    

 

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(12) months of Service for vesting purposes.
    
	
 
    	
 
    	
 
    
	
Death
    	
 
    	
If your Service terminates due to your death, then   your Option will expire at the close of business at Company headquarters on   the date that is twelve (12) months after the date of your death. During such   twelve (12) month period, your estate or heirs may exercise the vested   portion of your Option.

 

In addition, if you die during the ninety (90) day   period described in connection with a regular termination (i.e., a   termination of your Service other than due to death or Disability or for   Cause), and a vested portion of your Option has not yet been exercised, then   such vested portion of your Option will instead expire on the date that is   twelve (12) months after your termination date. In such a case, during the   period following your death up to the date that is twelve (12) months after   your termination date, your estate or heirs may exercise the vested portion   of your Option.
    
	
 
    	
 
    	
 
    
	
Disability
    	
 
    	
If your Service terminates due to your Disability,   then your Option will expire at the close of business at Company headquarters   on the date that is twelve (12) months after your termination date. During   such twelve (12) month period, you (or your guardian or legal representative,   as applicable) may exercise the vested portion of your Option.
    
	
 
    	
 
    	
 
    
	
Leaves of Absence
    	
 
    	
For purposes of this Option, your Service does not   terminate when you go on a bona fide   employee leave of absence that was approved by the Company in writing, if the   terms of the leave provide for continued Service crediting, or when continued   Service crediting is required by applicable law. However, in all other cases,   your Service will be treated as terminating ninety (90) days after you went   on employee leave, unless your right to return to active work is guaranteed   by law or by a contract. Your Service terminates in any event when the   approved leave ends unless you immediately return to active employee work.

 

The Company determines, in its sole discretion,   which leaves count for this purpose, and when your Service terminates for all   purposes under the Plan.
    
	
 
    	
 
    	
 
    
	
Notice of Exercise
    	
 
    	
When you wish to exercise this Option, you must   notify the Company by filing the proper “Notice of Exercise” form at the   address given on the form. Your notice must specify how many shares you wish   to purchase. Your notice must also specify how your shares of Stock should be   registered (in your name only or in your and your spouse’s names as joint   tenants with right of survivorship). The notice will be effective when it is   received by the Company.

 

If someone else wants to exercise this Option after   your death, that person must prove to the Company’s satisfaction that he or   she is entitled to do so.
    
	
 
    	
 
    	
 
    
	
Form of Payment
    	
 
    	
When you submit your notice of exercise, you must   include payment of the option price indicated on the cover sheet for the   shares you are purchasing. Payment may be made in one (or a combination) of   the 
    

 

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following forms:

 

·                  Cash, your personal check, a   cashier’s check, a money order, or another cash equivalent acceptable to the   Company.

 

·                  Shares of   Stock which are owned by you and which are surrendered to the Company and   which are not subject to any repurchase, forfeiture, unfulfilled vesting, or   other similar requirements. The Fair Market Value of the shares of Stock as   of the effective date of the Option exercise will be applied to the Option   Price.

 

·                  By delivery   (on a form prescribed by the Company) of an irrevocable direction to a   licensed securities broker acceptable to the Company to sell shares of Stock   and to deliver all or part of the sale proceeds to the Company in payment of   the aggregate Option Price and any withholding taxes (if approved in advance   by the Committee or the Board if you are either an executive officer or a   director of the Company).

 

·                  If permitted   by Applicable Law and if approved in advance by the Committee or the Board,   by the Company’s withholding a number of shares of Stock that would otherwise   be issuable to you upon your exercise of your Option. The Fair Market Value   of the shares as of the effective date of the Option exercise will be applied   to the Option Price.
    
	
 
    	
 
    	
 
    
	
Evidence of Issuance
    	
 
    	
The issuance of the shares of Stock upon exercise of   your Option shall be evidenced in such a manner as the Company, in its   discretion, will deem appropriate, including, without limitation, book-entry,   direct registration, or issuance of one or more Stock certificates.
    
	
 
    	
 
    	
 
    
	
Withholding Taxes
    	
 
    	
You agree as a condition of this Agreement that you   will make acceptable arrangements to pay any withholding or other taxes that   may be due relating to the exercise of this Option, the sale of shares of   Stock acquired under this Option, or as otherwise arising under this Option.   In the event that the Company or any Affiliate determines that any federal,   state, local, or foreign tax or withholding payment is required relating to   the exercise of this Option, the sale of shares of Stock acquired under this   Option, or as otherwise arising under this Option, the Company or any   Affiliate shall have the right to (i) require you to tender a cash   payment, (ii) deduct from payments of any kind otherwise due to you, or   (iii) withhold the delivery of vested shares of Stock otherwise   deliverable under this Agreement to meet such obligations.

 

Any shares of Stock so withheld will have an   aggregate Fair Market Value not exceeding the minimum amount of tax required   to be withheld by applicable laws; provided, however, for so long as   Accounting Standards Update 2016-09 or a similar rule is otherwise in   effect, the Board or the Committee has full discretion to choose, or to allow   you to elect, to withhold a number of shares of Stock having an aggregate   Fair Market Value that is greater than the applicable minimum required   statutory withholding obligation (but such withholding may in no event
    

 

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be in excess of the maximum statutory withholding   amount(s) in your relevant tax jurisdictions).

 

You agree that the Company or any Affiliate shall be   entitled to use whatever method it may deem appropriate to recover such   taxes. You further agree that the Company or any Affiliate may, as it   reasonably considers necessary, amend or vary this Agreement to facilitate   such recovery of taxes.
    
	
 
    	
 
    	
 
    
	
Transfer of Option
    	
 
    	
Except as provided in Section 8.10 of the Plan,   during your lifetime, only you (or, in the event of your legal incapacity or   incompetency, your guardian or legal representative) may exercise the Option.   Except as provided in Section 8.10 of the Plan, you may not transfer,   assign, pledge, hypothecate, or otherwise encumber this Option. For instance,   you may not sell this Option or use it as security for a loan. If you attempt   to do any of these things, this Option will immediately become forfeited. You   may, however, dispose of this Option in your will or it may be transferred upon   your death by the laws of descent and distribution.

 

Regardless of any marital property settlement   agreement, the Company is not obligated to honor a notice of exercise from   your spouse, nor is the Company obligated to recognize your spouse’s interest   in your Option in any other way.
    
	
 
    	
 
    	
 
    
	
Retention Rights
    	
 
    	
Neither your Option nor this Agreement gives you the   right to be retained or employed by the Company (or any Affiliate) in any   capacity. Unless otherwise specified in any written employment or other agreement   between the Company or any Affiliate and you, the Company (and any Affiliate)   reserves the right to terminate your Service at any time and for any reason.
    
	
 
    	
 
    	
 
    
	
Stockholder Rights
    	
 
    	
You, or your estate or heirs, have no rights as a   stockholder of the Company until the shares of Stock have been issued upon   exercise of your Option and either a certificate evidencing your shares of   Stock has been issued or an appropriate entry has been made on the Company’s   books. No adjustments are made for dividends or other rights if the   applicable record date occurs before your stock certificate is issued (or an   appropriate book entry has been made).
    
	
 
    	
 
    	
 
    
	
Forfeiture of Rights
    	
 
    	
If you should take actions in violation or breach of   or in conflict with any agreement prohibiting solicitation of employees or   clients of the Company or any Affiliate, any non-competition obligation with   respect to the Company or any Affiliate, any Company policy or procedure, any   other agreement with or obligation to the Company or any Affiliate, or any   confidentiality obligation with respect to the Company or any Affiliate, the   Company has the right to cause an immediate forfeiture of your rights to this   Option and the immediate expiration of the Option.

 

Without limiting the generality of the foregoing,   if, during your Service or the twelve (12) month period following the   termination of your Service for any reason, you should take actions in   competition with the Company, the Company shall have the right, in its sole   discretion, (i) to cause a
    

 

6

 

	
 
    	
 
    	
forfeiture of any portion of your Option that   remains outstanding, and, (ii) with respect to any shares of Stock that   you have acquired upon exercise of this Option during the period commencing   on the date that is twelve (12) months prior to your termination of Service,   to require you to make a cash payment to the Company (or to forfeit shares of   Stock to the Company) in an amount determined as follows: (1) for any   shares of Stock that you have sold prior to receiving notice from the   Company, the amount will be the proceeds received from the sale(s), and   (2) for any shares of Stock that you still own, the amount will be the   number of shares of Stock owned times the Fair Market Value of the shares of   Stock on the date you receive notice from the Company (provided, that, the   Company may require you to satisfy your payment obligations hereunder either   by forfeiting and returning to the Company such shares of Stock or any other   shares of Stock or making a cash payment or a combination of these methods,   as determined by the Company in its sole discretion).

 

Unless otherwise specified in an employment or other   agreement between the Company or any Affiliate and you, you take actions in   competition with the Company or any Affiliate if you directly or indirectly,   own, manage, operate, join or control, or participate in the ownership,   management, operation or control of, or are a proprietor, director, officer,   stockholder, member, partner or an employee or agent of, or a consultant to   any business, firm, corporation, partnership or other entity which competes   with any business in which the Company or any Affiliate is engaged during   your employment or other relationship with the Company or any Affiliate or at   the time of your termination of Service.

 

If it is ever determined by the Board that your   actions have constituted wrongdoing that contributed to any material   misstatement or omission from any report or statement filed by the Company   with the U.S. Securities and Exchange Commission, gross misconduct, breach of   fiduciary duty to the Company, or fraud, then the Option shall be immediately   forfeited; provided, however, that if the Option was exercised within two   (2) years prior to the Board’s determination, you shall be required to   pay to the Company an amount equal to the aggregate Fair Market Value of the   shares acquired upon such exercise at the date of the Board determination.
    
	
 
    	
 
    	
 
    
	
Clawback
    	
 
    	
This Option is subject to mandatory repayment by you   to the Company to the extent you are or in the future become subject to   (i) any Company or Affiliate “clawback” or recoupment policy that is   adopted to comply with the requirements of any Applicable Laws, or   (ii) any Applicable Laws which impose mandatory recoupment, under   circumstances set forth in such Applicable Laws.
    
	
 
    	
 
    	
 
    
	
Adjustments
    	
 
    	
In the event of a stock split, reverse stock split,   stock dividend, recapitalization, combination or reclassification of shares,   spin-off, or other similar change in capitalization or event, the number of   shares covered by this Option and the option price per share shall be   adjusted pursuant to Section 16 of the Plan. Your Option shall be   subject to the terms of any applicable agreement of merger, liquidation or   reorganization in the event the Company is subject to such corporate
    

 

7

 

	
 
    	
 
    	
activity.
    
	
 
    	
 
    	
 
    
	
Applicable Law
    	
 
    	
This Agreement will be interpreted and enforced   under the laws of Delaware other than any conflicts or choice of law   rule or principle that might otherwise refer construction or   interpretation of this Agreement to the substantive law of another   jurisdiction.
    
	
 
    	
 
    	
 
    
	
The Plan
    	
 
    	
The text of the Plan is incorporated into this   Agreement by reference.

 

This Agreement and the Plan constitute the entire   understanding between you and the Company regarding this Option. Any prior   agreements, commitments or negotiations concerning this grant are superseded;   except that any written employment, consulting, confidentiality,   non-solicitation, non-competition, and/or severance agreement between you and   the Company or any Affiliate shall supersede this Agreement with respect to   its subject matter.
    
	
 
    	
 
    	
 
    
	
Data Privacy
    	
 
    	
In order to administer the Plan, the Company may process   personal data about you. Such data includes, but is not limited to the   information provided in this Agreement and any changes thereto, other   appropriate personal and financial data about you such as home address and   business addresses and other contact information, payroll information and any   other information that might be deemed appropriate by the Company to   facilitate the administration of the Plan.

 

By accepting this Option, you give explicit consent   to the Company to process any such personal data. You also give explicit   consent to the Company to transfer any such personal data outside the country   in which you work or are employed, including, with respect to non-U.S.   resident grantees, to the United States, to transferees who shall include the   Company and other persons who are designated by the Company to administer the   Plan.
    
	
 
    	
 
    	
 
    
	
Consent to Electronic Delivery
    	
 
    	
By accepting the Option, you consent to receive   documents related to the Option by electronic delivery (including e-mail or   reference to a website or other URL) and, if requested, agree to participate   in the Plan through an on-line or electronic system established and   maintained by the Company or another third party designated by the Company,   and your consent shall remain in effect throughout your term of Service and   thereafter until you withdraw such consent in writing to the Company.
    
	
 
    	
 
    	
 
    
	
Code Section 409A
    	
 
    	
This Option is intended to be exempt from, or to   comply with, Code Section 409A to the extent subject thereto, and,   accordingly, to the maximum extent permitted, this Agreement will be   interpreted and administered to be in compliance with Code Section 409A.   Notwithstanding anything to the contrary in the Plan or this Agreement,   neither the Company, any Affiliates, the Board, nor the Committee will have   any obligation to take any action to prevent the assessment of any excise tax   or penalty on you under Code Section 409A, and neither the Company, any   Affiliates, the Board, nor the Committee will have any liability to you for   such tax or penalty.
    

 

8

 

	
Severability
    	
 
    	
If any provision of this Agreement is held invalid   or unenforceable by any court of competent jurisdiction, the other provisions   of this Agreement will remain in full force and effect. Any provision of this   Agreement held invalid or unenforceable only in part or degree will remain in   full force and effect to the extent not held invalid or unenforceable.
    

 

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the Plan.

 

9Exhibit 10.10

 

Grant No.:       

 

NEXTCURE, INC.

2019 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK AGREEMENT

COVER SHEET

 

NextCure, Inc., a Delaware corporation (the “Company”), hereby grants shares of its common stock, par value $0.001 (the “Stock”), to the individual named below as Grantee, subject to the vesting and other conditions set forth in the attachment.  Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s 2019 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

 

Grant Date:                                

 

Name of Grantee:                                

 

Number of Shares of Stock Covered by Grant:                                

 

Purchase Price per Share of Stock:  U.S. $0.001

 

Vesting Start Date:                                

 

Vesting Schedule:                                

 

By signing this cover sheet, you agree to all of the terms and conditions described in this Agreement and in the Plan, a copy of which has been provided or made available to you.  You acknowledge that you have carefully reviewed the Plan and agree that the Plan will control in the event any provision of this Agreement should appear to be inconsistent with the Plan.  Certain capitalized terms used in this Agreement are defined in the Plan and have the meaning set forth in the Plan.

 

	
Grantee:
    	
 
    	
 
    	
 
    
	
 
    	
(Signature)
    	
(Date)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Company:
    	
 
    	
 
    	
 
    
	
 
    	
(Signature)
    	
(Date)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    

 

 

Attachment

 

This document is not a stock certificate or a negotiable instrument.

 

2

 

NEXTCURE, INC.

2019 OMNIBUS INCENTIVE PLAN

 

RESTRICTED STOCK AGREEMENT

 

	
Restricted Stock
    	
 
    	
This grant is an award of Stock in the number of   shares set forth on the cover sheet, at the purchase price set forth on the   cover sheet, and subject to the vesting conditions and other terms and   conditions described herein (“Restricted Stock”).   The purchase price is deemed paid by your Service to the Company and its   Affiliates. To the extent not yet vested, your Restricted Stock may not be   sold, assigned, transferred, pledged or otherwise encumbered, whether   voluntarily or by operation of law, except by will or the laws of descent and   distribution. If you attempt to do any of these things, you will immediately   and automatically forfeit your Restricted Stock.
    
	
 
    	
 
    	
 
    
	
Vesting
    	
 
    	
The Company will issue your Restricted Stock in your   name as of the Grant Date. Your Restricted Stock shall vest in accordance   with the vesting schedule set forth on the cover sheet of this Agreement;   provided, however, that for purposes of vesting, fractional numbers of shares   of Stock shall be rounded to the nearest whole number, and you may not vest   in more than the number of shares covered by this grant. Unless the   termination of your Service triggers accelerated vesting or other treatment   of your Restricted Stock pursuant to the terms of this Agreement or the Plan,   you shall immediately and automatically forfeit your unvested shares of   Restricted Stock to the Company in the event your Service terminates for any   reason.
    
	
 
    	
 
    	
 
    
	
Change in Control
    	
 
    	
In the event of a Change in Control, your Restricted   Stock will be treated in the manner provided in Sections 16.3 or 16.4 of the   Plan, as applicable.
    
	
 
    	
 
    	
 
    
	
Forfeiture of Unvested Stock
    	
 
    	
In the event that your Service terminates for any reason   other than death or Disability, you will forfeit to the Company all of the   shares of Stock subject to this grant that have not yet vested or with   respect to which all applicable restrictions and conditions have not lapsed.
    
	
 
    	
 
    	
 
    
	
Termination due to Death or Disability
    	
 
    	
If your Service is terminated due to your death or   Disability, the unvested portion of your grant shall become immediately   vested.
    
	
 
    	
 
    	
 
    
	
Issuance
    	
 
    	
The issuance of the Stock under this grant shall be   evidenced in such a manner as the Company, in its discretion, will deem 
    

 

3

 

	
 
    	
 
    	
appropriate, including, without limitation,   book-entry, direct registration or issuance of one or more stock   certificates, with any unvested Restricted Stock bearing a legend with the   appropriate restrictions imposed by this Agreement. As your interest in the   Stock vests as described above, the recordation of the number of shares of   Restricted Stock attributable to you will be appropriately modified. To the   extent certificates are issued with regard to unvested Stock, such   certificates will be held in escrow with the Secretary of the Company while   the Stock remains unvested.
    
	
 
    	
 
    	
 
    
	
Leaves of Absence
    	
 
    	
For purposes of this Agreement, your Service does   not terminate when you go on a bona fide   employee leave of absence that was approved by the Company in writing, if the   terms of the leave provide for continued Service crediting, or when continued   Service crediting is required by applicable law. However, in all other cases,   your Service will be treated as terminating ninety (90) days after you went   on employee leave, unless your right to return to active work is guaranteed   by law or by a contract. Your Service terminates in any event when the   approved leave ends unless you immediately return to active employee   work.  The Company determines, in its   sole discretion, which leaves count for this purpose, and when your Service   terminates for all purposes under the Plan.
    
	
 
    	
 
    	
 
    
	
Withholding Taxes
    	
 
    	
You agree as a condition of this Agreement that you   will make acceptable arrangements to pay any withholding or other taxes that   may be due relating to the Restricted Stock and the issuance of shares of   Stock or cash with respect to the Restricted Stock. In the event that the   Company determines that any federal, state, local, or foreign tax or   withholding payment is required relating to the Restricted Stock and/or the   issuance of shares of Stock or cash with respect to the Restricted Stock, the   Company shall have the right to (i) require you to tender a cash payment,   (ii) deduct from payments of any kind otherwise due to you, or   (iii) withhold the delivery of vested shares of Stock otherwise   deliverable under this Agreement to meet such obligations.

 

Any shares of Stock so withheld will have an   aggregate Fair Market Value not exceeding the minimum amount of tax required   to be withheld by applicable laws; provided, however, for so long as   Accounting Standards Update 2016-09 or a similar rule is otherwise in   effect, the Board or the Committee has full discretion to choose, or to allow   you to elect, to withhold a number of shares of Stock having an aggregate   Fair Market Value that is greater than the applicable minimum required
    

 

4

 

	
 
    	
 
    	
statutory withholding obligation (but such   withholding may in no event be in excess of the maximum statutory withholding   amount(s) in your relevant tax jurisdictions).

 

You agree that the Company or any Affiliate shall be   entitled to use whatever method it may deem appropriate to recover such   taxes. You further agree that the Company or any Affiliate may, as it   reasonably considers necessary, amend or vary this Agreement to facilitate   such recovery of taxes.
    
	
 
    	
 
    	
 
    
	
Section 83(b)  Election
    	
 
    	
Under Section 83 of the Code, the difference   between the purchase price paid for the shares of Stock and their fair market   value on the date any forfeiture restrictions applicable to such shares lapse   will be reportable as ordinary income at that time. For this purpose,   “forfeiture restrictions” include the forfeiture as to unvested Stock   described above. You may elect to be taxed at the time the shares are   acquired, rather than when such shares cease to be subject to such forfeiture   restrictions, by filing an election under Section 83(b) of the Code   with the Internal Revenue Service within thirty (30) days after the Grant   Date. You will have to make a tax payment to the extent the purchase price is   less than the fair market value of the shares on the Grant Date. No tax   payment will have to be made to the extent the purchase price is at least   equal to the fair market value of the shares on the Grant Date. The form for   making this election is attached as Exhibit A hereto. Failure to   make this filing within the thirty (30) day period will result in the   recognition of ordinary income by you (in the event the fair market value of   the shares as of the vesting date exceeds the purchase price) as the   forfeiture restrictions lapse.

 

YOU ACKNOWLEDGE THAT IT IS YOUR SOLE   RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A TIMELY ELECTION UNDER CODE   SECTION 83(b), EVEN IF YOU REQUEST THE COMPANY OR ITS REPRESENTATIVES TO   MAKE THIS FILING ON YOUR BEHALF. YOU ARE RELYING SOLELY ON YOUR OWN ADVISORS   WITH RESPECT TO THE DECISION AS TO WHETHER OR NOT TO FILE ANY CODE SECTION 83(b) ELECTION.
    
	
 
    	
 
    	
 
    
	
Retention Rights
    	
 
    	
Neither the Restricted Stock nor this Agreement   gives you the right to be retained or employed by the Company (or any   Affiliate) in any capacity. Unless otherwise specified in any written   employment or other agreement between the Company or any Affiliate and you,   the Company (and any Affiliate) reserves the right to terminate your Service   at any time and for
    

 

5

 

	
 
    	
 
    	
any reason.
    
	
 
    	
 
    	
 
    
	
Shareholder Rights
    	
 
    	
You have the right to vote the Restricted Stock and   to receive any dividends declared or paid on such Restricted Stock. Any   distributions you receive with respect to unvested Restricted Stock as a   result of any stock split, stock dividend, combination of shares or other   similar transaction shall be deemed to be a part of the Restricted Stock and   subject to the same conditions and restrictions applicable thereto. Any cash   dividends paid on unvested shares of Restricted Stock that you hold on the   record date for such dividend shall be held by the Company and subject to the   same conditions and restrictions applicable to your unvested shares of   Restricted Stock; provided that, within forty-five (45) days after the date   on which the applicable shares of Restricted Stock vest in accordance with   the terms of this Agreement, such dividends shall be paid to you, without   interest. You will immediately and automatically forfeit such dividends to   the extent that you forfeit the corresponding unvested shares of Restricted   Stock. Except as described in the Plan, no adjustments are made for dividends   or other rights if the applicable record date occurs before an appropriate   book entry is made (or your certificate is issued).
    
	
 
    	
 
    	
 
    
	
Forfeiture of Rights
    	
 
    	
If you should take actions in violation or breach of   or in conflict with any agreement prohibiting solicitation of employees or   clients of the Company or any Affiliate, any non-competition obligation with   respect to the Company or any Affiliate, any Company policy or procedure, any   other agreement with or obligation to the Company or any Affiliate, or any   confidentiality obligation with respect to the Company or any Affiliate, the   Company has the right to cause an immediate forfeiture of your unvested   Restricted Stock.

 

Without limiting the generality of the foregoing,   if, during your Service or the twelve (12) month period following the   termination of your Service for any reason, you should take actions in   competition with the Company, the Company shall have the right, in its sole   discretion, to cause a forfeiture of your unvested Restricted Stock, and,   with respect to those shares of Restricted Stock that vested during the   period commencing on the date that is twelve (12) months prior to your   termination of Service and ending on (and including) the date of your   termination of Service, the Company shall have the right, in its sole   discretion, to require you to make a cash payment to the Company (or to   forfeit shares of Stock to the Company) in an amount determined as follows: (1) for   any shares of Stock that you have sold prior to receiving notice from the   Company, the
    

 

6

 

	
 
    	
 
    	
amount will be the proceeds received from the   sale(s), and (2) for any shares of Stock that you still own, the amount   will be the number of shares of Stock owned times the Fair Market Value of   the shares of Stock on the date you receive notice from the Company   (provided, that, the Company may require you to satisfy your payment   obligations hereunder either by forfeiting and returning to the Company such   shares of Stock or any other shares of Stock or making a cash payment or a   combination of these methods, as determined by the Company in its sole   discretion).

 

Unless otherwise specified in an employment or other   agreement between the Company or any Affiliate and you, you take actions in   competition with the Company or any Affiliate if you directly or indirectly,   own, manage, operate, join or control, or participate in the ownership,   management, operation or control of, or are a proprietor, director, officer,   stockholder, member, partner or an employee or agent of, or a consultant to   any business, firm, corporation, partnership or other entity which competes   with any business in which the Company or any Affiliate is engaged during   your employment or other relationship with the Company or any Affiliate or at   the time of your termination of Service.

 

If it is ever determined by the Board that your   actions have constituted wrongdoing that contributed to any material   misstatement or omission from any report or statement filed by the Company   with the U.S. Securities and Exchange Commission, gross misconduct, breach of   fiduciary duty to the Company, or fraud, then the Restricted Stock shall be   immediately forfeited; provided, however, that if the Restricted Stock has   vested within two (2) years prior to the Board’s determination, you   shall be required to pay to the Company an amount equal to the aggregate Fair   Market Value of the shares acquired upon such vesting at the date of the   Board’s determination.
    
	
 
    	
 
    	
 
    
	
Clawback
    	
 
    	
Your Restricted Stock is subject to mandatory   repayment by you to the Company to the extent you are or in the future become   subject to (i) any Company or Affiliate “clawback” or recoupment policy   that is adopted to comply with the requirements of any Applicable Laws, or   (ii) any Applicable Laws which impose mandatory recoupment, under   circumstances set forth in such Applicable Laws.
    
	
 
    	
 
    	
 
    
	
Adjustments
    	
 
    	
In the event of a stock split, reverse stock split,   stock dividend, recapitalization, combination or reclassification of shares,   spin-
    

 

7

 

	
 
    	
 
    	
off, or other similar change in capitalization or   event, the number of shares covered by this grant may be adjusted pursuant to   Section 16 of the Plan. Your Restricted Stock shall be subject to the   terms of any applicable agreement of merger, liquidation or reorganization in   the event the Company is subject to such corporate activity in accordance   with the terms of the Plan.
    
	
 
    	
 
    	
 
    
	
Legends
    	
 
    	
All certificates representing the Stock issued in   connection with this grant shall, where applicable, have endorsed thereon the   following legend:

 

“THE SHARES REPRESENTED   BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN VESTING, FORFEITURE AND OTHER   RESTRICTIONS ON TRANSFER SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND   THE REGISTERED HOLDER, OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH   AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE   FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY BY THE HOLDER   OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.”
    
	
 
    	
 
    	
 
    
	
Applicable Law
    	
 
    	
This Agreement will be interpreted and enforced   under the laws of Delaware, other than any conflicts or choice of law   rule or principle that might otherwise refer construction or interpretation   of this Agreement to the substantive law of another jurisdiction.
    
	
 
    	
 
    	
 
    
	
The Plan
    	
 
    	
The text of the Plan is incorporated into this   Agreement by reference.

 

This Agreement and the Plan constitute the entire   understanding between you and the Company regarding this grant of Restricted   Stock. Any prior agreements, commitments or negotiations concerning this   grant are superseded; except that any written employment, consulting,   confidentiality, non-solicitation, non-competition, and/or severance   agreement between you and the Company or any Affiliate shall supersede this   Agreement with respect to its subject matter.
    
	
 
    	
 
    	
 
    
	
Data Privacy
    	
 
    	
In order to administer the Plan, the Company may   process personal data about you. Such data includes but is not limited to the   information provided in this Agreement and any changes thereto, other   appropriate personal and financial data about you such as home address and   business addresses and other contact information, payroll information and any   other information that might be deemed appropriate by the Company to   facilitate the
    

 

8

 

	
 
    	
 
    	
administration of the Plan.

 

By accepting this grant, you give explicit consent   to the Company to process any such personal data. You also give explicit   consent to the Company to transfer any such personal data outside the country   in which you work or are employed, including, with respect to non-U.S.   resident grantees, to the United States, to transferees who shall include the   Company and other persons who are designated by the Company to administer the   Plan.
    
	
 
    	
 
    	
 
    
	
Consent to Electronic Delivery
    	
 
    	
By accepting the option, you consent to receive   documents related to the option by electronic delivery (including e-mail or   reference to a website or other URL) and, if requested, agree to participate   in the Plan through an on-line or electronic system established and   maintained by the Company or another third party designated by the Company,   and your consent shall remain in effect throughout your term of Service and   thereafter until you withdraw such consent in writing to the Company.
    
	
 
    	
 
    	
 
    
	
Code Section 409A
    	
 
    	
The Restricted Stock granted under this Agreement is   intended to be exempt from, or to comply with, Code Section 409A to the   extent subject thereto, and, accordingly, to the maximum extent permitted,   this Agreement will be interpreted and administered to be in compliance with   Code Section 409A. Notwithstanding anything to the contrary in the Plan   or this Agreement, neither the Company, any Affiliates, the Board, nor the   Committee will have any obligation to take any action to prevent the   assessment of any excise tax or penalty on you under Code Section 409A,   and neither the Company, any Affiliates, the Board, nor the Committee will have   any liability to you for such tax or penalty.
    
	
 
    	
 
    	
 
    
	
Severability
    	
 
    	
If any provision of this Agreement is held invalid   or unenforceable by any court of competent jurisdiction, the other provisions   of this Agreement will remain in full force and effect. Any provision of this   Agreement held invalid or unenforceable only in part or degree will remain in   full force and effect to the extent not held invalid or unenforceable.
    

 

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the Plan.

 

9

 

Grant No.:        

 

EXHIBIT A

 

U.S. GRANTEE ELECTION UNDER SECTION 83(b) OF
 THE INTERNAL REVENUE CODE

 

The undersigned U.S. Grantee hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, with respect to the property described below and supplies the following information in accordance with the regulations promulgated thereunder:

 

1.             The name, address and social security number of the undersigned:

 

Name:

 

Address:

 

Social Security No.:

 

2.             Description of property with respect to which the election is being made:

 

shares of common stock, par value $0.001 per share, of NextCure, Inc., a Delaware corporation (the “Company”).

 

3.             The date on which the property was transferred is          , 20  .

 

4.             The taxable year to which this election relates is calendar year 20  .

 

5.             Nature of restrictions to which the property is subject:

 

The shares of stock are subject to the provisions of a Restricted Stock Agreement between the undersigned and the Company.  The shares of stock are subject to forfeiture and transfer limitations under the terms of the Agreement.

 

6.             The fair market value of the property at the time of transfer (determined without regard to any lapse restriction) was $           per share, for a total of $          .

 

7.             The amount paid by taxpayer for the property was $          .

 

8.             A copy of this statement has been furnished to the Company.

 

Dated:                , 20

 

	
 
    	
 
    
	
 
    	
Taxpayer’s Signature
    
	
 
    	
 
    
	
 
    	
 
    

 

 

Taxpayer’s Name

 

 

PROCEDURES FOR U.S. GRANTEE MAKING ELECTION

UNDER INTERNAL REVENUE CODE SECTION 83(b)

 

The following procedures must be followed with respect to the attached form for making an election under Internal Revenue Code section 83(b) in order for the election to be effective:(1)

 

1.        You must file one (1) copy of the completed election form with the IRS Service Center where you file your federal income tax returns within thirty (30) days after the Grant Date of your Restricted Stock.  Please send this by certified mail, return receipt requested, and retain a copy of the receipt confirmation for your records.

 

2.        At the same time you file the election form with the IRS, you must also give a copy of the election form to the Secretary of the Company.

 

(1)           Whether or not to make the election is your decision and may create tax consequences for you.  You are advised to consult your tax advisor if you are unsure whether or not to make the election.

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