Document:

Form of Notice of Grant and Stock Option Agreement

 Exhibit 10.12 
  
 SEATTLE GENETICS, INC. 
  
 2000 DIRECTORS’ STOCK OPTION PLAN 
  
 NOTICE OF STOCK OPTION GRANT 
  
 You have been granted an option to purchase Common Stock of Seattle Genetics, Inc. (the “Company”) as follows: 
  

			
	 Date of Grant
	 	 
		
	 Vesting Commencement Date
	 	 
		
	 Exercise Price per Share
	 	 
		
	 Total Number of Shares Granted
	 	 
		
	 Type of Option
	 	Non-qualified
		
	 Expiration Date
	 	 
		
	 Vesting Schedule:
	 	<<Vesting Schedule>>
		
	 Termination Period:
	 	<<Termination Schedule>>

 By your signature and the signature of the Company’s representative below, you and the Company agree
that this option is granted under and governed by the terms and conditions of the 2000 Directors’ Stock Option Plan and the Nonstatutory Stock Option Agreement, all of which are attached and made a part of this document. 
  

					
	 OPTIONEE:
	  	 	  	SEATTLE GENETICS, INC.
			
	                                      
                                        
                                   	  	By:	  	                                      
                                        
                                      
 
	 Name (Signature)
	  	 	  	 
			
	                                       
                                        
                                   
	  	 	  	 
	 Social Security Number
	  	 	  	 
			
	                                       
                                        
                                   
	  	 	  	 
	 Social Security Number
	  	 	  	 

  

 -2- 

 SEATTLE GENETICS, INC. 
  
 NONSTATUTORY STOCK OPTION AGREEMENT 
  
 1. Grant of Option. The Board of Directors of the Company hereby grants to the Optionee named in the Notice of
Stock Option Grant attached as Part I of this Agreement (the “Optionee”), an option (the “Option”) to purchase a number of Shares, as set forth in the Notice of Stock Option Grant, at the exercise price per share
set forth in the Notice of Stock Option Grant (the “Exercise Price”‘), subject to the terms and conditions of the 2000 Directors’ Stock Option Plan (the “Plan”), which is incorporated herein by reference.
(Capitalized terms not defined herein shall have the meanings ascribed to such terms in the Plan.) In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Nonstatutory Stock Option Agreement, the
terms and conditions of the Plan shall prevail. 
  
 2.
Exercise of Option. 
  
 (a) Right to
Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and the applicable provisions of the Plan and this Nonstatutory Stock Option Agreement. In the event of
Optionee’s death, disability or other termination of Optionee’s employment or consulting relationship, the exercisability of the Option is governed by the applicable provisions of the Plan and this Nonstatutory Stock Option Agreement.

  
 (b) Method of Exercise. This Option is
exercisable by delivery of an exercise notice, in the form attached as Exhibit A (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being
exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be signed by the Optionee and shall be delivered
in person or by certified mail to the Secretary of the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company
of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. 
  
 No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon
which the Shares are then listed. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares. 
  
 3. Method of Payment. Payment of the aggregate Exercise Price
shall be by any of the following, or a combination thereof, at the election of the Optionee: 
  
 (a) cash; 
  
 (b) check;

 (c) delivery of a properly executed exercise notice together with such other documentation as the
Administrator and the broker, if applicable, shall require to effect an exercise of the Option and delivery to the Company of the sale or loan proceeds required to pay the exercise price; or 
  
 (d) surrender of other Shares which (i) in the case of Shares acquired upon
exercise of an option, have been owned by the Optionee for more than six (6) months on the date of surrender, and (ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares. 
  
 4. Non-Transferability of Option. This Option may not be
transferred in any manner otherwise than by will or by the laws of descent or distribution or pursuant to a domestic relations order (as defined by the Code or the rules thereunder) and may be exercised during the lifetime of Optionee only by the
Optionee or a transferee permitted by Section 10 of the Plan. The terms of the Plan and this Nonstatutory Stock Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 
  
 5. Term of Option. This Option may be exercised only within the
term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Nonstatutory Stock Option Agreement. 
  
 6. Tax Consequences. Set forth below is a brief summary of certain federal tax consequences relating to this
Option under the law in effect as of the date of grant. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT HIS OR HER OWN TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF
THE SHARES. 
  
 (a) Exercising the Option. Since
this Option does not qualify as an incentive stock option under Section 422 of the Code, the Optionee may incur regular federal income tax liability upon exercise. The Optionee will be treated as having received compensation income (taxable at
ordinary income tax rates) equal to the excess, if any, of the fair market value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. 
  
 (b) Disposition of Shares. If the Optionee holds the Option Shares for more than one year, gain realized on
disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. The long-term capital gain will be taxed for federal income tax purposes at a maximum rate of 20 percent. 
  
 -2- 

 By your signature and the signature of the Company’s representative below, you and the Company agree
that this Option is granted under and governed by the terms and conditions of the Plan and this Nonstatutory Stock Option Agreement. Optionee has reviewed the Plan and this Nonstatutory Stock Option Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Nonstatutory Stock Option Agreement and fully understands all provisions of the Plan and Nonstatutory Stock Option Agreement. Optionee hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Nonstatutory Stock Option Agreement. 
  

					
	 	  	 	  	SEATTLE GENETICS, INC.
			
	                                      
                                        
                                        
    	  	By:	  	                                       
                                        
                                      
 

	 Name
	  	 	  	 

  
 CONSENT OF
SPOUSE 
  
 The undersigned spouse of Optionee has read and
hereby approves the terms and conditions of the Plan and this Nonstatutory Stock Option Agreement. In consideration of the Company’s granting his or her spouse the right to purchase Shares as set forth in the Plan and this Nonstatutory Stock
Option Agreement, the undersigned hereby agrees to be irrevocably bound by the terms and conditions of the Plan and this Nonstatutory Stock Option Agreement and further agrees that any community property interest shall be similarly bound. The
undersigned hereby appoints the undersigned’s spouse as attorney-in-fact for the undersigned with respect to any amendment or exercise of rights under the Plan or this Nonstatutory Stock Option Agreement. 
  
                                       
                                        
                                        
                          
 Spouse of Optionee 
  
 -3-

 EXHIBIT A 
  

NOTICE OF EXERCISE 
  
 To: Seattle Genetics, Inc. 
  
 Attn: Stock Option Administrator 
  
 Subject:
Notice of Intention to Exercise Stock Option 
  
 This is
official notice that the undersigned (“Optionee”) intends to exercise Optionee’s option to purchase                  shares of Seattle
Genetics, Inc. Common Stock, under and pursuant to the Company’s 2000 Directors’ Stock Option Plan and the Nonstatutory Stock Option Agreement dated
                , as follows: 
  

					
	 Grant Number:
	 	                                      
                                        
        	 	 
			
	 Date of Purchase:
	 	                                      
                                        
        	 	 
			
	 Number of Shares:
	 	                                      
                                        
        	 	 
			
	 Purchase Price:
	 	                                      
                                        
        	 	 
			
	 Method of Payment of
 Purchase Price:
	 	                                      
                                        
        	 	 
			
	 Social Security No.:
	 	                                      
                                        
        	 	 

  
 The shares should be
issued as follows: 
  
 Name:                                     
                                        
    
  
 Address:                                     
                                        

 
                                       
                                 
  
                                       
                                 
  
 Signed:                                     
                                         

  
 Date:                                     
                                        
      
  
 -4-ICT Group, Inc. Incentive Plan

 Exhibit 10.1 
  
 ICT Group, Inc. Incentive Plan 
  

	A.	Plan Objective 

  
 The ICT Group, Inc. Incentive Plan (the “Plan”) is designed to encourage results-oriented actions on the part of identified senior managers of ICT Group, Inc. (the “Company”). The Plan is intended
to align financial rewards with the achievement of specific performance objectives. 
  

	B.	Eligibility 

  
 All management employees of the Company and its subsidiaries who are identified by the Compensation Committee of the Board (the “Committee”) and/or the Chief Executive Officer (the “CEO”) are
eligible to participate in the Plan. The Administrator (as defined in Section 3 below) shall select the management employees who shall participate in the Plan (the “Participants”) in accordance with Section D below. 
  

	C.	Administration 

  
 The Plan shall be administered by the Committee with respect to employees who are officers of the Company (“Officers”), and the Plan shall be administered by the CEO with respect to all other management
employees. The CEO may delegate his authority to administer the Plan to an individual or other committee. The term “Administrator” shall mean the Committee, as applied to Officers, and the CEO or an individual or committee to which
authority has been delegated, as applied to all other employees. 
  
 All powers of
the Administrator shall be executed in its sole discretion, in the best interest of the Company and its shareholders, not as a fiduciary to the Participants, and in keeping with the objectives of the Plan and need not be uniform as to similarly
situated individuals. The Administrator’s management of the Plan, including all such rules and regulations, interpretations, selections, determinations, approvals, decisions, delegations, amendments, terminations and other actions, shall be
final and binding on the Company and all employees of the Company, including the Participants and their respective beneficiaries. 
  

	D.	Participants, Target Awards and Performance Goals 

  
 Participants and Target Incentive Awards: At the beginning of each plan year designated by the Administrator (the “Plan Year”), the CEO shall submit in
writing to the Committee for its consideration and approval the CEO’s recommendations regarding which employees (including Officers) the CEO is recommending be Participants in the Plan and the target incentive awards for each such Participant,
which shall be expressed as a dollar amount, percentage of salary or otherwise. The Committee shall review such recommendations and promptly advise the CEO of its approval of, or changes to, such recommendations. 
  

 1 

 The Committee shall establish for each Officer a maximum award that may be paid for the Plan Year, which shall be
expressed as a dollar amount, a percentage of salary or otherwise. The target awards will be based on a number of factors, including but not limited to: 
  

	 	•	 	Expected contribution to future Company performance and business impact 

  

	 	•	 	Past individual performance 

  

	 	•	 	Base salary level 

  

	 	•	 	Job level 

  

	 	•	 	Market competitiveness of the position 

  
 Performance Goals: At the beginning of each Plan Year, the CEO shall also recommend to the Committee performance goals for each Participant that must be met in
order for an award to be payable with respect to the Plan Year. It is anticipated that these performance goals will take the form of an Annual Incentive Plan for Officers only and a Quarterly Incentive Plan for all Participants. The CEO shall
establish in writing: (i) the performance goals that must be met; (ii) the threshold, target and maximum amounts that may be paid if the performance goals are met; and (iii) any other conditions that the CEO deems appropriate and consistent with the
Plan. The CEO shall establish objective performance goals for each Participant related to the Participant’s business unit and/or the performance of the Company and its subsidiaries and affiliates as a whole, or any combination of the foregoing.
The Committee shall review such recommendations and promptly advise the CEO of its approval of, or changes to, such recommendations. The Company shall notify each Participant of his or her target award and the performance goals for the Plan Year at
the beginning of each Plan Year. 
  
 The objectively determinable performance
goals shall be based on one or more of the following criteria related to the Participant’s business unit and/or the performance of the Company and its subsidiaries and affiliates as a whole, or any combination of the foregoing: earnings per
share, net earnings, operating or other earnings, profits, revenues, net cash flow, financial return ratios, return on assets, return on equity, growth in assets, unit volume, sales, market share, product discovery or other scientific goals,
regulatory approvals, or strategic business criteria consisting of one or more objectives based on meeting specified revenue and/or earnings goals, market penetration goals, geographic business expansion goals, cost targets, goals relating to
acquisitions or divestitures, or strategic partnerships. 
  
 Each Participant will
earn an award for a quarter and/or or a Plan Year based on the achievement of the performance goals established by the Administrator. The Committee may adjust, upward or downward, the award for each Officer under the Annual Incentive Plan based on
the Committee’s determination of the Officer’s achievement of personal and other performance goals and other factors as the Committee determines. 
  

 2 

	E.	Payment of Incentive Awards 

  
 The Administrator shall certify and announce to the Participants the awards that will be paid by the Company following the final determination of the Company’s
financial results for the quarter or the Plan Year. Payment of the awards certified by the Administrator shall be made in a single lump sum cash payment following the close of the quarter or Plan Year. Prior to the payment of any performance-based
award under the Plan, the CEO shall certify that the performance goals and any other material terms were satisfied and attest thereto in writing to the Committee. 
  
 Participants must be actively employed by the Company at the time of the payment of the award to be eligible for an award from the Plan,
except as described in subsections (i) and (ii) below. Participants who terminate employment prior to the time of payment of an award will not be eligible for any award payment, except as the Administrator may otherwise determine. 
  
 At the discretion of the Administrator: 
  
 (i) A Participant who dies during the Plan Year may be eligible for a
prorated award based on the achievement of the performance goals for the Plan Year and appropriate adjustment as described in Section D. The prorated award will be calculated from the date when the Participant became eligible for the Plan to the
date of death. Payment will be made in a single payment at the same time as all other incentive awards for the Plan Year are distributed. In the case of the death of a Participant, any award payable to the Participant shall be paid to his or her
beneficiary named under the Company-sponsored life insurance plan. If no life insurance beneficiary is designated, the beneficiary will be the decedent’s estate. 
  
 (ii) A participant who leaves the Company under a Company-sponsored disability program, separation program (other than in
the case of termination for cause) or other program approved by the Company may be eligible for a prorated award based on achievement of the performance goals for the Plan Year and appropriate adjustment as described in Section D. The awards will be
calculated from the date when the Participant became eligible for the Plan to the effective date of separation. Payment will be made in a single payment at the same time as all other incentive awards for the Plan Year are distributed. 
  
 The Administrator may establish appropriate terms and conditions to accommodate newly hired
and transferred employees. 
  

	F.	Changes to Performance Goals and Target Awards 

  
 For each Participant the Committee, upon the recommendation of the CEO, may adjust the performance goals and target awards under the Plan to reflect a change in corporate
capitalization (such as a stock split or stock dividend), or a corporate transaction (such as a merger, consolidation, separation, reorganization or partial or complete liquidation), or to reflect equitably the occurrence of any extraordinary event,
any change in applicable accounting rules or principles, any change in the Company’s method of accounting, any change in applicable corporate law, any change due to any merger, consolidation, acquisition, reorganization, stock split, stock
dividend, combination of shares or other changes in the Company’s corporate structure or shares, or any other change of a similar nature. 
  

 3 

 In addition, in the event the CEO determines after the first six (6) months of a Plan Year that in light of existing
business conditions and in order to continue to provide a performance incentive to the Participants for the remainder of the Plan Year, it is advisable to adjust upward or downward the performance goals or target awards under the Quarterly Incentive
Plan for any Participant, the CEO shall first submit written recommendations to the Committee identifying those Participants for whom such adjustments are recommended and specifying for each such Participant the proposed adjusted goals and adjusted
amount of incentive target award. In considering such recommendation from the CEO, the Committee shall take into consideration such factors as it deems appropriate and necessary. Such factors may include without limitation any of the following:

  

	 	•	 	the current business conditions under which the Company is operating, 

  

	 	•	 	the financial performance of the Company during the first six (6) months of the Plan Year, 

  

	 	•	 	the expected financial performance of the Company for the remainder of the Plan Year, 

  

	 	•	 	the rate at which the Company is acquiring new clients or losing existing clients, 

  

	 	•	 	the acquisition or loss of a major customer, 

  

	 	•	 	the addition of new services or the discontinuance of other services offered by the Company, 

  

	 	•	 	the establishment of new operations in foreign countries or the withdrawal of operations from foreign countries, or 

  

	 	•	 	the impact of new laws on the Company’s business or the occurrence of any unusual or extraordinary event. 

  
 No such recommendations and adjustments shall be implemented unless and until approved by the
Committee. 
  

	G.	Amendments and Termination 

  
 The Company may at any time amend or terminate the Plan by action of the Committee Without limiting the foregoing, the Company, by action of the Administrator, shall have
the right to modify the terms of the Plan as may be necessary or desirable to comply with the laws or local customs of countries in which the Company operates or has employees. 
  

 4 

	H.	Miscellaneous Provisions 

  
 This Plan is not a contract between the Company and the Participants. Neither the establishment of this Plan, nor any action taken hereunder, shall be construed as giving
any Participant any right to be retained in the employ of the Company or any of its subsidiaries. Nothing in the Plan, and no action taken pursuant to the Plan, shall affect the right of the Company to terminate a Participant’s employment at
any time and for any or no reason. The Company is under no obligation to continue the Plan. 
  
 A Participant’s right and interest under the Plan may not be assigned or transferred, except as provided in Section E(i) of the Plan upon death, and any attempted assignment or transfer shall be null and void and
shall extinguish, in the Company’s sole discretion, the Company’s obligation under the Plan to pay awards with respect to the Participant. The Company’s obligations under the Plan may be assigned to any corporation which acquires all
or substantially all of the Company’s assets or any corporation into which the Company may be merged or consolidated. 
  
 The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund, or to make any other segregation of assets, to assure payment of
awards. The Company’s obligations hereunder shall constitute a general, unsecured obligation, awards shall be paid solely out of the Company’s general assets, and no Participant shall have any right to any specific assets of the Company.

  
 The Company shall have the right to deduct from awards any and all federal,
state and local taxes or other amounts required by law to be withheld. 
  
 The
Company’s obligation to pay compensation as herein provided is subject to any applicable orders, rules or regulations of any government agency or office having authority to regulate the payment of wages, salaries, and other forms of
compensation. 
  
 The validity, construction, interpretation and effect of the
Plan shall exclusively be governed by and determined in accordance with the laws of the Commonwealth of Pennsylvania. 
  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]