Document:

1999 Equity Incentive Plan

 Exhibit 10.1 
 ANTIGENICS INC. 
 1999 EQUITY INCENTIVE PLAN, AS AMENDED 
 SECTION 1. Purpose 
 The purpose of the Antigenics Inc. 1999
Equity Incentive Plan (the “Plan”) is to attract and retain directors, key employees and consultants of the Company and its Affiliates, to provide an incentive for them to achieve long-range performance goals, and to enable them to
participate in the long-term growth of the Company. 
 SECTION 2. Definitions 
 “Affiliate” means any business entity that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under
common control with the Company. For purposes hereof, “Control” (and with correlative meanings, the terms “controlled by” and “under common control with”) shall mean the possession of the power to direct or cause the
direction of the management and policies of the Company, whether through the ownership of voting stock, by contract or otherwise. In the case of a corporation “control” shall mean, among other things, the direct or indirect ownership of
more than fifty percent (50%) of its outstanding voting stock. 
 “Award” means any Option, Stock Appreciation Right,
Restricted Stock or Unrestricted Stock awarded under the Plan. 
 “Board” means the Board of Directors of the Company. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor to such Code. 
 “Committee” means a committee of not less than two members of the Board appointed by the Board to administer the Plan. If a Committee is
authorized to grant Options to a Reporting Person or a “covered employee” within the meaning of Section 162(m) of the Code, each member shall be a “non-employee director” or the equivalent within the meaning of Rule 16b-3
under the Securities Exchange Act of 1934, as amended from time to time, or any successor law, and an “outside director” or the equivalent within the meaning of Section 162(m) of the Code, respectively. Until such committee is
appointed, “Committee” means the Board. 
 “Common Stock” or “Stock” means the Common Stock, $0.01 par value,
of the Company. 
 “Company” means Antigenics Inc. 
 “Designated Beneficiary” means the beneficiary designated by a Participant, in a manner determined by the Committee, to receive amounts due or exercise rights of the Participant in the event of the
Participant’s death. In the absence of an effective designation by a Participant, “Designated Beneficiary” shall mean the Participant’s estate. 
 “Effective Date” means November 15, 1999. 
 “Fair Market Value” means, with respect
to Common Stock or any other property, the fair market value of such property as determined by the Committee in good faith or in the manner established by the Committee from time to time. 
 “Incentive Stock Option” means an option to purchase shares of Common Stock awarded to a Participant under Section 6 that is intended to
meet the requirements of Section 422 of the Code or any successor provision. 
 “Nonstatutory Stock Option” means an option to
purchase shares of Common Stock awarded to a Participant under Section 6 that is not intended to be an Incentive Stock Option. 
 “Option” means an Incentive Stock Option or a Nonstatutory Stock Option. 
 “Participant” means a person
selected by the Committee to receive an Award under the Plan. 
 “Reporting Person” means a person subject to Section 16 of
the Securities Exchange Act of 1934 or any successor provision. 

 “Restricted Period” means the period of time selected by the Committee during which an Award
may be forfeited to the Company pursuant to the terms and conditions of such Award. 
 “Restricted Stock” means shares of Common
Stock subject to forfeiture awarded to a Participant under Section 8. 
 “Stock Appreciation Right” or “SAR” means a
right to receive any excess in value of shares of Common Stock over the exercise price awarded to a Participant under Section 7. 
 “Unrestricted Stock” means Stock not subject to any restrictions under the terms of the Award. 
 SECTION
3. Administration 
 The Plan shall be administered by the Committee. The Committee shall have authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the operation of the Plan as it shall from time to time consider advisable, and to interpret the provisions of the Plan. The Committee’s decisions shall be final and binding. To the
extent permitted by applicable law, the Committee may delegate to one or more executive officers of the Company the power to make Awards to Participants who are not Reporting Persons or covered employees and all determinations under the Plan with
respect thereto, provided that the Committee shall fix the maximum amount of such Awards for all such Participants and a maximum for any one Participant. 
 SECTION 4. Eligibility 
 All employees, directors and consultants of the Company or any Affiliate capable of
contributing significantly to the successful performance of the Company, other than a person who has irrevocably elected not to be eligible, are eligible to be Participants in the Plan. Incentive Stock Options may be granted only to persons eligible
to receive such Options under the Code. 
 SECTION 5. Stock Available for Awards 
 (a) Subject to adjustment under subsection (b), Awards may be made under the Plan for up to 10,000,000 shares of Common Stock. If any Award in respect of
shares of Common Stock expires or is terminated unexercised or is forfeited without the Participant having had the benefits of ownership (other than voting rights), the shares subject to such Award, to the extent of such expiration, termination or
forfeiture, shall again be available for award under the Plan. Common Stock issued through the assumption or substitution of outstanding grants from an acquired company shall not reduce the shares available for Awards under the Plan. Shares issued
under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. 
 (b) In the event that the Committee
determines that any stock dividend, extraordinary cash dividend, creation of a class of equity securities, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares, warrants or rights offering to
purchase Common Stock at a price substantially below fair market value, or other similar transaction affects the Common Stock such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available
under the Plan, then the Committee (subject, in the case of Incentive Stock Options, to any limitation required under the Code) shall equitably adjust any or all of (i) the number and kind of shares in respect of which Awards may be made under
the Plan, (ii) the number and kind of shares subject to outstanding Awards, and (iii) the award, exercise or conversion price with respect to any of the foregoing, and if considered appropriate, the Committee may make provision for a cash
payment with respect to an outstanding Award, provided that the number of shares subject to any Award shall always be a whole number. 
 (c)
Subject to adjustment under Subsection (b): (i) the maximum number of shares of Common Stock with respect to which Options and Stock Appreciation Rights may be granted to any Participant in the aggregate in any calendar year shall not exceed
1,000,000 shares, and (ii) the maximum number of shares of Common Stock that may be granted as Restricted Stock, with respect to which performance goals apply, to any Participant in the aggregate in any calendar year shall not exceed 1,000,000
shares. 
 SECTION 6. Stock Options 
 (a) Subject to the provisions of the Plan, the Committee may award Incentive Stock Options and Nonstatutory Stock Options and determine the number of shares to be covered by each Option, the option price therefor and
the conditions and limitations applicable to the exercise of the Option. The terms and conditions of Incentive Stock Options shall be subject to and comply with Section 422 of the Code or any successor provision and any regulations thereunder,
and no Incentive Stock Option may be granted hereunder more than ten years after the Effective Date. 

 (b) The Committee shall establish the option price at the time each Option is awarded, which price shall
not be less than 100% of the Fair Market Value of the Common Stock on the date of award with respect to Incentive Stock Options. Nonstatutory Stock Options may be granted at such prices as the Committee may determine. 
 (c) Each Option shall be exercisable at such times and subject to such terms and conditions as the Committee may specify in the applicable Award or
thereafter. The Committee may impose such conditions with respect to the exercise of Options, including conditions relating to applicable federal or state securities laws, as it considers necessary or advisable. 
 (d) No shares shall be delivered pursuant to any exercise of an Option until payment in full of the option price therefor is received by the Company.
Such payment may be made in whole or in part in cash or, to the extent permitted by the Committee at or after the award of the Option, by delivery of a note or shares of Common Stock owned by the optionee, including Restricted Stock, or by retaining
shares otherwise issuable pursuant to the Option, in each case valued at their Fair Market Value on the date of delivery or retention, or such other lawful consideration as the Committee may determine. 
 SECTION 7. Stock Appreciation Rights 
 (a) Subject to the provisions of the Plan, the Committee may award SARs in tandem with an Option (at or after the award of the Option), or alone and unrelated to an Option. SARs in tandem with an Option shall
terminate to the extent that the related Option is exercised, and the related Option shall terminate to the extent that the tandem SARs are exercised. 
 (b) The Committee shall fix the exercise price of each SAR or specify the manner in which the price shall be determined. SARs granted in tandem with Options shall have an exercise price not less than the exercise
price of the related Option. SARs granted alone and unrelated to an Option may be granted at such exercise prices as the Committee may determine. 
 SECTION 8. Stock 
 (a) Subject to the provisions of the Plan, the Committee may award shares of Restricted
Stock and determine the duration of the Restricted Period during which, and the conditions under which, the shares may be forfeited to the Company and the other terms and conditions of such Awards. The Committee may establish Performance goals for
the granting or lapse of risk of forfeiture of Restricted Stock. Such performance goals may be based on earnings per share, revenues, sales or expense targets of the Company or any subsidiary, division or product line thereof, stock price or such
other business criteria as the Committee may determine. Shares of Restricted Stock may be issued for no cash consideration or such minimum consideration as may be required by applicable law. 
 (b) Shares of Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered, except as permitted by the Committee, during the
Restricted Period. Shares of Restricted Stock shall be evidenced in such manner as the Committee may determine. Any certificates issued in respect of shares of Restricted Stock shall be registered in the name of the Participant and unless otherwise
determined by the Committee, deposited by the Participant, together with a stock power endorsed in blank, with the Company. At the expiration of the Restricted Period, the Company shall deliver such certificates to the Participant or if the
Participant has died, to the Participant’s Designated Beneficiary. 
 (c) Subject to the provisions of the Plan, the Committee may award
shares of Unrestricted Stock. 
 SECTION 9. General Provisions Applicable to Awards 
 (a) Documentation. Each Award under the Plan shall be evidenced by a writing delivered to the Participant or agreement executed by the Participant
specifying the terms and conditions thereof and containing such other terms and conditions not inconsistent with the provisions of the Plan as the Committee considers necessary or advisable to achieve the purposes of the Plan or to comply with
applicable tax and regulatory laws and accounting principles. 
 (b) Committee Discretion. Each type of Award may be made alone, in addition
to or in relation to any other type of Award. The terms of each type of Award need not be identical, and the Committee need not treat Participants uniformly. Except as otherwise provided by the Plan or a particular Award, any determination with
respect to an Award may be made by the Committee at the time of award or at any time thereafter. 
 (c) Settlement. The Committee shall
determine whether Awards are settled in whole or in part in cash, Common Stock, other securities of the Company, Awards or other property. The Committee may permit a Participant to defer all or any portion of a payment under the Plan, including the
crediting of interest on deferred amounts denominated in cash and dividend equivalents on amounts denominated in Common Stock. 

 (d) Dividends and Cash Awards. In the discretion of the Committee, any Award under the Plan may provide
the Participant with (i) dividends or dividend equivalents payable currently or deferred with or without interest, and (ii) cash payments in lieu of or in addition to an Award. 
 (e) Termination of Employment or Service on the Board. The Committee shall determine the effect on an Award of the disability, death, retirement or other
termination of employment or service on the Board of a Participant and the extent to which, and the period during which, the Participant’s legal representative, guardian or Designated Beneficiary may receive payment of an Award or exercise
rights thereunder. 
 (f) Change in Control. In order to preserve a Participant’s rights under an Award in the event of a change in
control of the Company (as defined by the Committee), the Committee in its discretion may, at the time an Award is made or at any time thereafter, take one or more of the following actions: (i) provide for the acceleration of any time period
relating to the exercise or realization of the Award, (ii) provide for the purchase of the Award upon the Participant’s request for an amount of cash or other property that could have been received upon the exercise or realization of the
Award had the Award been currently exercisable or payable, (iii) adjust the terms of the Award in a manner determined by the Committee to reflect the change in control, (iv) cause the Award to be assumed, or new rights substituted
therefor, by another entity, or (v) make such other provision as the Committee may consider equitable to Participants and in the best interests of the Company. 
 (g) Loans. The Committee may authorize the making of loans or cash payments to Participants in connection with any Award under the Plan, which loans may be secured by any security, including Common Stock, underlying
or related to such Award (provided that such Loan shall not exceed the Fair Market Value of the security subject to such Award), and which may be forgiven upon such terms and conditions as the Committee may establish at the time of such loan or at
any time thereafter. 
 (h) Withholding Taxes. The Participant shall pay to the Company, or make provision satisfactory to the Committee for
payment of, any taxes required by law to be withheld in respect of Awards under the Plan no later than the date of the event creating the tax liability. In the Committee’s discretion, the minimum tax obligations required by law to be withheld
in respect of Awards may be paid in whole or in part in shares of Common Stock, including shares retained from the Award creating the tax obligation, valued at their Fair Market Value on the date of retention or delivery. The Company and its
Affiliates may, to the extent permitted by law, deduct any such tax obligations from any payment of any kind otherwise due to the Participant. 
 (i) Foreign Nationals. Awards may be made to Participants who are foreign nationals or employed outside the United States on such terms and conditions different from those specified in the Plan as the Committee considers necessary or
advisable to achieve the purposes of the Plan or to comply with applicable laws. 
 (j) Amendment of Award. The Committee may amend, modify
or terminate any outstanding Award, including substituting therefor another Award of the same or a different type, changing the date of exercise or realization and converting an Incentive Stock Option to a Nonstatutory Stock Option, provided that
the Participant’s consent to such action shall be required unless the Committee determines that the action, taking into account any related action, would not materially and adversely affect the Participant. 
 (k) Transferability. In the discretion of the Committee, any Award may be made transferable upon such terms and conditions and to such extent as the
Committee determines, provided that Incentive Stock Options may be transferable only to the extent permitted by the Code. The Committee may in its discretion waive any restriction on transferability. 
 SECTION 10. Miscellaneous 
 (a) No Right To Employment or Service on the Board. No person shall have any claim or right to be granted an Award, and the grant of an Award shall not be construed as giving a Participant the right to continued employment or service on the
Board. The Company expressly reserves the right at any time to dismiss a Participant free from any liability or claim under the Plan, except as expressly provided in the applicable Award. 
 (b) No Rights As Stockholder. Subject to the provisions of the applicable Award, no Participant or Designated Beneficiary shall have any rights as a
stockholder with respect to any shares of Common Stock to be distributed under the Plan until he or she becomes the holder thereof. A Participant to whom Common Stock is awarded shall be considered the holder of the Stock at the time of the Award
except as otherwise provided in the applicable Award. 

 (c) Effective Date. Subject to the approval of the stockholders of the Company, the Plan shall be
effective on the Effective Date. Before such approval, Awards may be made under the Plan expressly subject to such approval. 
 (d) Amendment
of Plan. The Board may amend, suspend or terminate the Plan or any portion thereof at any time, subject to any stockholder approval that the Board determines to be necessary or advisable. 
 (e) Governing Law. The provisions of the Plan shall be governed by and interpreted in accordance with the laws of Delaware. 

 This Plan was approved by the Board of Directors on November 15, 1999. 
 This Plan was approved by the Stockholders on May 18, 2000. 
 Amendment
No. 1 to this Plan was approved by the Board of Directors on March 28, 2003. 
 Amendment No. 1 to this Plan was approved by the Stockholders
on June 10, 2003. 
 Amendment No. 2 to this Plan was approved by the Board of Directors on April 8, 2004. 
 Amendment No. 2 to this Plan was approved by the Stockholders on May 26, 2004. 
 Amendment No. 3 to this plan was approved by the Board of Directors on March 16, 2006. 
 Amendment No. 3 to
this plan was approved by the Stockholders on June 14, 2006.Offer of Employment Letter

 Exhibit 10.20 
 [Design Within Reach, Inc. Letterhead] 
 June 15, 2006 
 Ray Brunner 
 c/o Design Within Reach, Inc. 
 225 Bush Street, 20th Floor 
 San Francisco, CA 94104 
 Dear Ray:

 On behalf of Design Within Reach, Inc. (the “Company”), I am pleased to offer you the position of President and Chief Executive Officer. This
position reports to the Company’s Board of Directors. The terms of this offer are as set forth below. 
 You will be paid a salary at an annual rate of
$245,000, payable in installments pursuant to the Company’s bi-weekly payroll policy. You will be eligible for all Company benefits on the first day of the month following your date of hire. You will be eligible to receive a bonus of up to 200%
of your annual salary, based on the achievement of corporate and individual goals to be set by the Compensation Committee of the Board of Directors. For the year 2006, your bonus eligibility will be pro-rated for the period of your employment.
Corporate and individual goals shall be determined as soon as practicable following Board approval of the revised 2006 Company Business Plan. 
 In
connection with the commencement of your employment as President and Chief Executive Officer, the Company will recommend to the Board of Directors that you be granted an option to purchase 300,000 shares of the Company’s Common Stock with an
exercise price equal to the fair market value on the date of grant. Contingent upon your continued employment, the shares subject to the option will vest in equal monthly amounts over a period of 24 months from the date of grant. This option will be
an incentive stock option to the maximum extent allowed by the Tax Code, and will be subject to the terms of the Company’s 2004 Equity Incentive Award Plan and the Stock Option Agreement between you and the Company. In addition, following
stockholder approval of an increase in the number of shares reserved for issuance under the 2004 Equity Incentive Award Plan, you will receive a “stretch” option grant, covering the right to purchase 150,000 shares of Common Stock at an
exercise price of $12 per share. The stretch option will vest on the same vesting schedule as the 300,000 share option described above. 
 During your tenure
as President and Chief Executive Officer of the Company, you will have a seat on the Company’s Board of Directors. 
 By accepting this offer, you agree
that, to the best of your ability, you will at all times loyally and conscientiously perform all of the duties and obligations required of you by the Company’s Board of Directors and implicit in your responsibilities as President and Chief
Executive Officer, to the reasonable satisfaction of the Company. During the term of your employment, you will devote all of your business time and attention to the business of the Company, and will not render commercial or professional services to
any person or organization, whether or not for compensation, without the prior consent of the Company’s Board of Directors. You agree that you will not directly or indirectly engage or participate in any business that is competitive in any
manner with the business of the Company; provided, however, that nothing in this agreement will prevent you from owning no more than 1% of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange.

 You agree at all times during the term of your employment with the Company, and thereafter, to hold in strictest confidence, and not to use, except for
the benefit of the Company, or to disclose to any person, firm, corporation or other entity, except as required by your duties for the Company, any “Confidential Information” of the Company. “Confidential Information” includes,
but is not limited to, information pertaining to any aspect of the Company’s business which is information not known to actual or potential competitors of the Company; information not known 

 
to the investing public; information not known to other third parties; or information that is proprietary to the Company or to its customers or suppliers,
whether of a technical, financial or other nature. 
 In the course of your employment with the Company, you will be subject to and required to comply with
all Company policies, and applicable laws and regulations. 
 Employment with the Company is “at-will.” This means that it is not for any specified
period of time and can be terminated by you or by the Company at any time, with or without advance notice, and for any or no particular reason or cause. 
 If your employment is terminated by the Company without cause (and not as a result of your death or disability), and if (i) you have been employed by the Company for three months or more and (ii) you sign a general release of
known and unknown claims in form satisfactory to the Company, you will receive severance payments totaling $250,000, less applicable withholding, to be paid over a period of six (6) months following the effective date of release. Severance
payments will be made in accordance with the Company’s normal payroll procedures. In the event that such termination without cause occurs within one year following any Change of Control (and you sign the release of claims described above), in
addition to receiving the severance payments described above, your unvested Company stock options shall immediately vest in full. 
 For purposes of this
Agreement: 
 (a) “Change of Control” of the Company shall be deemed to have occurred if the Company (i) is a
party to a merger, consolidation or exchange of securities which results in the holders of voting securities of the Company outstanding immediately prior thereto failing to continue to hold at least 50% of the combined voting power of the voting
securities of the Company, the surviving entity or a parent of the surviving entity outstanding immediately after such merger, consolidation or exchange; and 
 (b) A termination “for cause” occurs if you are terminated for any of the following reasons: (i) theft, dishonesty,
misconduct or falsification of any employment or Company records; (ii) improper disclosure of the Company’s confidential or proprietary information; (iii) any action by you which has a material detrimental effect on the Company’s
reputation or business; (iv) your failure or inability to perform any assigned duties after written notice to you of, and a reasonable opportunity to cure, such failure or inability; or (v) your conviction (including any plea of guilty or
no contest) for any criminal act that impairs your ability to perform your duties under this Agreement. 
 All disputes, claims, and causes of action, in law
or equity, arising from or relating to this agreement or its enforcement, performance, breach, or interpretation, or to your employment with the Company or any termination of that employment, shall be governed by California law, and shall be
resolved solely and exclusively by final, binding and confidential arbitration before a single neutral arbitrator through the Judicial Arbitration & Mediation Services/Endispute, Inc. (“JAMS”) under the then existing JAMS
arbitration rules. Any arbitration shall be held in San Francisco, California. Nothing in this section is intended to prevent either party from obtaining injunctive relief in court to prevent irreparable harm. Both you and the Company irrevocably
waive your respective rights to have any disputes or claims tried by a jury. 
 For purposes of federal immigration law, you will be required to provide the
Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided within three (3) business days of your date of hire. 
 If you accept this offer, this letter shall constitute the complete agreement between you and Company with respect to the terms and conditions of your employment. Any
prior or contemporaneous representations (whether oral or written) not contained in this letter, or contrary to those contained in this letter, that may have been made to you are expressly cancelled and superseded by this offer. Except as otherwise
specified herein, the terms and conditions of your employment may not be changed, except in another letter or written agreement, signed by you and the Chairman of the Board of the Company. 

 I am delighted to be able to extend this offer to you on behalf of the Company. To indicate your acceptance, please sign
and date one copy of this letter, and return it to the Company, either in person or at the address below: 
 Design Within Reach, Inc.

 Attention: Suzanne Ewing, Vice President, Human Resources 
 225 Bush Street, 20th Floor 
 San Francisco, CA 94104 
  

	
	Sincerely,
	
	/s/ John C. Hansen
	John C. Hansen
	Chairman of the Board

 I accept the above-described employment offer letter, on the terms set forth therein. 
  

					
			
	Dated: June 15, 2006	 		 	/s/ Ray Brunner
		 		 	Ray Brunner

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