Document:

Form of employee stock option agreement used under 2004 Equity Incentive Plan

 Exhibit 10.1 
  
 «NUM» 
  
 NONSTATUTORY STOCK OPTION 
  
 Option Grant #«Option_Type» «NUM» 
  
 «First_Name» «Middle_Name» «Last_Name», Optionee: 
  
 GILEAD SCIENCES, INC. (the “Company”), pursuant to its 2004
Equity Incentive Plan, as amended (the “Plan”), has this day granted to you, the optionee named above, an option to purchase shares of the common stock of the Company (the “Common Stock”). This option is not intended to qualify
and will not be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). 
  
 The details of your option are as follows: 
  
 1. The total number of shares of Common Stock subject to this option
is «Shares_Granted». Subject to the limitations contained herein, this option shall become exercisable over the period described below: 
  

							
	             Shares            

	  	             Vest
Type            

	  	            Full Vest
Date            

	  	                Expiration                

	 «Shares_Period_1»
	  	 «Vest_Type_Period_1»
	  	«Vest_Date_Period_1»	  	«Expiration_Date_Period_1»
	 «Shares_Period_2»
	  	 «Vest_Type_Period_2»
	  	«Vest_Date_Period_2»	  	«Expiration_Date_Period_2»
	 «Shares_Period_3»
	  	 «Vest_Type_Period_3»
	  	«Vest_Date_Period_3»	  	«Expiration_Date_Period_3»
	 «Shares_Period_4»
	  	 «Vest_Type_Period_4»
	  	«Vest_Date_Period_4»	  	«Expiration_Date_Period_4»
	 «Shares_Period_5»
	  	 «Vest_Type_Period_5»
	  	«Vest_Date_Period_5»	  	«Expiration_Date_Period_5»
	 «Shares_Period_6»
	  	 «Vest_Type_Period_6»
	  	«Vest_Date_Period_6»	  	«Expiration_Date_Period_6»

  
 The number of shares
noted on the first line above, if any, will fully vest on the first anniversary of the grant date, as noted by the date listed under “Full Vest Date”. With respect to each subsequent line, the shares listed, if any, will fully vest in
equal quarterly installments, beginning one quarter after the Full Vest Date on the previous line and ending on the corresponding Full Vest Date for the shares at issue. Fractional shares will be rounded down to the nearest whole number. 

 
 2. (a) The exercise price of this option is US Dollars
«Option_Price» per share, being not less than the fair market value of the Common Stock on the date of grant of this option. 
  
     (b) Payment of the exercise price per share is due in full in cash upon exercise of all or any part of each installment
which has become exercisable by you. Notwithstanding the foregoing, this option may be exercised pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board which results in the receipt of cash (or check) by the
Company prior to the issuance of Common Stock. 
  
 3. In no
event may this option be exercised for any number of shares which would require the issuance of anything other than whole shares. 
  
 4. Notwithstanding anything to the contrary contained herein, this option may not be exercised unless the shares issuable upon exercise of this
option are then registered under the US Securities Act of 1933 (the “Act”) or, if such shares are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the
Act. 
  
 5. The term of this option commences on the date
hereof and, unless sooner terminated as set forth below or in the Plan, terminates on «Expiration_Date_Period_1» (which date shall be no more than ten (10) years from the date this option is granted). 
  
 In no event may this option be exercised on or after the date on which it
terminates. This option shall terminate prior to the expiration of its term as follows: three (3) months after the termination of your Continuous Active Service (as described in Section 2(o) of the Plan) with the Company or an affiliate of
the Company (as defined in the Plan) for any reason or for no reason unless: 
  
 (a) such termination of Continuous Active Service occurs after you have completed three (3) or more years of Continuous Active Service and your age plus years of Continuous Active Service equal seventy
(70) or more, in which event the option shall terminate on the earlier of the termination date set forth above or one (1) year following such termination of Continuous Active Service; or 
  

 1 

 «NUM» 
  
 (b) such termination of Continuous Active Service is due to your permanent and total disability (within the meaning of Section 422(c)(6) of
the Code), in which event the option shall terminate on the earlier of the termination date set forth above or twelve (12) months following such termination of Continuous Active Service; or 
  
 (c) such termination of Continuous Active Service is due to your
death, in which event the option shall terminate on the earlier of the termination date set forth above or twelve (12) months after your death; or 
  
 (d) during any part of such three (3)-month period the option is not exercisable solely because of the condition set forth in paragraph 4 above, in
which event the option shall not terminate until the earlier of the termination date set forth above or until it shall have been exercisable for an aggregate period of three (3) months after the termination of Continuous Active Service; or

  
 (e) exercise of the option within three (3) months
after termination of your Continuous Active Service with the Company or with an affiliate would result in liability under Section 16(b) of the US Securities Exchange Act of 1934, in which case the option will terminate on the earlier of
(i) the termination date set forth above, (ii) the tenth (10th) day after the last date upon which exercise would result in such liability or (iii) six (6) months and ten (10) days after the termination of your
Continuous Active Service with the Company or an affiliate. 
  
 However, this option may be exercised following termination of Continuous Active Service only as to that number of shares as to which it was exercisable on the date of termination of Continuous Active Service under the provisions of
paragraph 1 of this option. 
  
 6. (a) This option may
be exercised, to the extent specified above, by delivering a notice of exercise together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such
additional documents or representations as the Company may then require pursuant to subparagraph 9(b) of the Plan. Copies of the notice of exercise form are available on from the Stock Plan Administrator. 
  
     (b) By exercising this option you agree that
the Company may require you to enter an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (i) the exercise of this option; (ii) the lapse of any substantial
risk of forfeiture to which the shares are subject at the time of exercise; or (iii) the disposition of shares acquired upon such exercise. 
  
 7. This option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you.

  
 8. This option is not an employment or service contract
and nothing in this option shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company, or of the Company to continue your service with the Company. In the event that this option is granted
to you in connection with the performance of services as a consultant or director, references to employment, employee and similar terms shall be deemed to include the performance of services as a consultant or a director, as the case may be,
provided, however, that no rights as an employee shall arise by reason of the use of such terms. 
  
 9. Any notices provided for in this option or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case
of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the address specified below or at such other address as you hereafter designate by written notice to the
Company. 
  
 10. This option is subject to all the
provisions of the Plan, a copy of which is attached hereto and its provisions are hereby made a part of this option, including without limitation the provisions of paragraphs 5, 6, 7, and 8 of the Plan relating to option provisions, and is further
subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of this option and those of the Plan, the provisions
of the Plan shall control. 
  
 11. This option and the Plan
set forth all of the rights and liabilities with respect to this option. 
  
 12. This option is the entire understanding between the optionee and the Company and its affiliates regarding the acquisition of stock in the Company and supersedes all prior oral and written agreements on that
subject with the exception of any stock options previously granted to the optionee under the Plan, the Company’s 1987 Stock Purchase Plan, 
  

 2 

 «NUM» 
  
 the Company’s 1987 Incentive Stock Option Plan, the Company’s 1987 Supplemental Stock Option Plan, the Company’s 1991 Stock Option Plan, the Company’s
1995 Non-Employee Directors’ Stock Option Plan, the rights to purchase stock granted to the optionee under the Company’s 1991 Employee Stock Purchase Plan or any stock options originally granted to the optionee under the Vestar, Inc. 1988
Stock Option Plan, the NeXstar Pharmaceuticals, Inc. 1993 Incentive Stock Plan or the Triangle Pharmaceuticals, Inc. 1996 Stock Incentive Plan. 
  
 Dated «Option_Date» 
  

			
	 Very truly yours,

	
	GILEAD SCIENCES, INC.
		
	 By:
	 	  

	 	 	John C. Martin
	 	 	President and Chief Executive Officer

  
 ATTACHMENT: 
  
 2004 Equity Incentive Plan

  

 3Form of non-employee stock option agreement

 Exhibit 10.2 
  
 GILEAD SCIENCES, INC. 
 NONSTATUTORY STOCK OPTION 
  
 [DIRECTOR NAME] , Optionee: 
  
 GILEAD SCIENCES, INC. (the “Company”), pursuant to its 2004 Equity Incentive Plan (the “Plan”), has this day granted to you, the optionee named above, an option to purchase shares of the common stock of the
Company (the “Common Stock”). This option is not intended to qualify and will not be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended from time to time
(the “Code”). 
  
 The details of your option are as
follows: 
  
 1. The total number of shares of Common Stock
subject to this option is [Number of Shares]. Subject to the limitations contained herein, this option shall be exercisable with respect to each installment shown below on or after the date of earliest exercise (vesting) applicable to
such installment, as follows: 
  

			
	Number of Shares (Installment)

	 	Date of Earliest Exercise (Vesting)

	[xx,xxx]	 	[Date of Vesting]
	[xx,xxx]	 	[Date of Vesting]

  
 2. (a) The
exercise price of this option is $ [XX.xx] ([amount in words] Dollars and xx/100 cents) per share. 
  
 (b) Payment of the exercise price is due in full upon exercise of all or any part of each installment which has become exercisable by you. You may
elect to make payment of the exercise price under one of the following alternatives, all as set forth more fully in the Plan: (i) in cash upon exercise; (ii) provided that the Company’s stock is publicly traded, payment by delivery of
shares of Common Stock already owned by you, free and clear of any liens; or (iii) payment by a combination of the methods set forth in clauses (i) and (ii). Notwithstanding the foregoing, this option may be exercised pursuant to a program
developed under Regulation T as promulgated by the Federal Reserve Board which results in the receipt of cash (or check) by the Company prior to the issuance of Common Stock. 
  
 3. In no event may this option be exercised for any number of shares which would require the issuance of anything
other than whole shares. 
  
 4. Notwithstanding anything to
the contrary contained herein, this option may not be exercised unless the shares issuable upon exercise of this option are then registered under the Securities Act of 1933 (the “Securities Act”) or, if such shares are not then so
registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. 
  

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 5. The term of this option commences on the date hereof and, unless sooner terminated as set forth
below or in the Plan, terminates on [Expiration date] (which date shall be ten (10) years from the date this option is granted). In no event may this option be exercised on or after the date on which it terminates. This option
shall terminate prior to the expiration of its term as follows: three (3) years after the termination of your service as a non-employee director or employee of or consultant to the Company or an affiliate of the Company (as defined in the Plan)
for any reason or for no reason. 
  
 However, this option may be
exercised following such termination of service only as to that number of shares as to which it was exercisable on the date of such termination under the provisions of paragraph 1 of this option. 
  
 6. This option may be exercised, to the extent specified above, by
delivering a notice of exercise together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then
require pursuant to subparagraph 6(f) of the Plan. Copies of the notice of exercise form are available from the Stock Plan Administrator. 
  
 7. This option is not transferable except by will, by the laws of descent and distribution or pursuant to a domestic relations order, and is
exercisable during your life only by you or a transferee pursuant to a domestic relations order. Notwithstanding the foregoing, you may, by delivering written notice to the Company in a form satisfactory to the Company, designate a third party who,
in the event of your death, shall thereafter be entitled to exercise this option. 
  
 8. This option is not an employment or consulting agreement and nothing in this option shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company, or
of the Company to continue your service with the Company. 
  
 9. Any notices provided for in this option or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the
United States mail, postage prepaid, addressed to you at the address specified below or at such other address as you hereafter designate by written notice to the Company. 
  
 10. This option is subject to all the provisions of the Plan, a copy of which is attached hereto and its provisions
are hereby made a part of this option, including without limitation the provisions of paragraphs 5, 6, 7, and 8 of the Plan relating to option provisions, and is further subject to all interpretations, amendments, rules and regulations which may
from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of this option and those of the Plan, the provisions of the Plan shall control. 
  
 11. This option and the Plan set forth all of the rights and
liabilities with respect to this option. 
  
 12. This
option is the entire understanding between the optionee and the Company and its affiliates regarding the acquisition of stock in the Company and supersedes all prior oral and written agreements on that subject with the exception of any stock options
previously granted to the optionee under the Plan, the Company’s 1987 Stock Purchase Plan, the Company’s 1987 Incentive Stock Option 
  

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 Plan, the Company’s 1987 Supplemental Stock Option Plan, the 1991 Stock Option Plan, the 1995 Non-Employee
Directors’ Stock Option Plan, the rights to purchase stock granted to the optionee under the Company’s 1991 Employee Stock Purchase Plan or any stock options originally granted to the optionee under the Vestar, Inc. 1988 Stock Option Plan,
the NeXstar Pharmaceuticals, Inc. 1993 Incentive Stock Plan or the Triangle Pharmaceuticals, Inc. 1996 Stock Incentive Plan. 
  
 Dated [Date of Grant] 
  

			
	 Very truly yours,

	
	GILEAD SCIENCES, INC.
		
	 By:
	 	  

	 	 	John C. Martin
	 	 	President and Chief Executive Officer

  
 ATTACHMENT: 
  
 2004 Equity Incentive Plan

  

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 The undersigned: 
  
 (a) Acknowledges receipt of the foregoing option and understands that all rights and liabilities with respect to this option
are set forth in the option and the Plan; and 
  
 (b) Acknowledges
that as of the date of grant of this option, it sets forth the entire understanding between the undersigned optionee and the Company and its affiliates regarding the acquisition of stock in the Company and supersedes all prior oral and written
agreements on that subject with the exception of any stock options previously granted to the optionee by the Company, and the following agreements only [if none, so state]: 
  

			
	 NONE
	  	________
	 	  	(Initial)
		
	 OTHER
	  	____________________________________________________________
		
	 	  	____________________________________________________________
		
	 	  	____________________________________________________________
		
	 Optionee
	  	 ____________________________________________________________ 

		
	       Address:
	  	 _______________________________________________________

		
	 	  	 _______________________________________________________

		
	 	  	 _______________________________________________________

  

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 NOTICE OF EXERCISE 

 

			
	 Gilead Sciences, Inc.
	  	 
	 333 Lakeside Drive
	  	Date of
	 Foster City, CA 94404
	  	Exercise:    _________________________________
	 Attn: Corporate Secretary
	  	 

  
 Ladies and Gentlemen: 
  
 This constitutes notice under my Nonstatutory
Stock Option that I elect to purchase the number of shares for the price set forth below. 
  

			
	 Stock Option dated:
	  	  
 ____________________________________________________________________

		
	 Number of shares as to which
 option is exercised:
	  	
 ____________________________________________________________________

		
	 Certificates to be
 issued in name of:
	  	
 ____________________________________________________________________

		
	 Total exercise price:
	  	  
 $____________________________________________________________________

		
	 Cash payment delivered
 herewith:
	  	
 $____________________________________________________________________

		
	 Value of stock payment
 delivered herewith:
	  	
 $____________________________________________________________________

  
 By this exercise, I agree to provide
such additional documents as you may require pursuant to the terms of the 1995 Non-Employee Directors’ Stock Option Plan. 
  

			
	 Very truly yours,

		
	 Signature:
	 	  

	 Printed Name:
	 	 

  

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