Document:

Form of Restricted Stock Unit Agreement

 Exhibit 10.2 
 ORTHOVITA, INC. 
 AMENDED AND RESTATED 1997 EQUITY COMPENSATION PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 
 This
RESTRICTED STOCK UNIT AGREEMENT is dated as of              (the “Date of Grant”) and delivered by Orthovita, Inc. (the “Company”) to
             (the “Grantee”). 
 RECITALS 
 The Orthovita, Inc. Amended and Restated 1997 Equity Compensation Plan (the “Plan”) provides for the grant of stock units with respect to
shares of common stock of the Company. The Board of Directors of the Company (the “Board”) has decided to make a stock unit grant as an inducement for the Grantee to promote the best interests of the Company and its shareholders. All
references in this Agreement to the “Board” shall be deemed to refer to the Compensation Committee of the Board, to the extent that the Board has delegated authority to administer the Plan to the Compensation Committee. 
 NOW, THEREFORE, the parties to this Agreement, intending to be legally bound hereby, agree as follows: 
 1. Grant of Restricted Units. 
 Subject to the terms
and conditions set forth in this Agreement, the Company hereby awards the Grantee              stock units (the “Restricted Units”) under the Plan. The Grantee accepts the
Restricted Units and agrees to be bound by the terms and conditions of this Agreement and the Plan with respect to the award. 
 2. Restricted Unit
Account. 
 Restricted Units represent hypothetical shares of Company common stock, and not actual shares of stock. The Company shall
establish and maintain a Restricted Unit account, as a bookkeeping account on its records, for the Grantee and shall record in such account the number of Restricted Units awarded to the Grantee. No shares of stock shall be issued to the Grantee at
the time the award is made, and the Grantee shall not be, nor have any of the rights or privileges of, a shareholder of the Company with respect to any Restricted Units recorded in the account. The Grantee shall have the right to receive dividend
equivalents equal to any dividends or other distributions with respect to hypothetical shares of stock recorded in the Restricted Unit account. Such dividend equivalents shall be payable in cash upon vesting of the hypothetical shares of stock
recorded in the Restricted Unit account. The Grantee shall not have any interest in any fund or specific assets of the Company by reason of this award or the Restricted Unit account established for the Grantee. 

 3. Lapse of Restrictions. 
 (a) The Restricted Units shall be subject to forfeiture until the restrictions on the Restricted Units lapse. The restrictions on the Restricted Units shall lapse, and the Restricted Units shall be payable, according
to the following schedule, if the Grantee continues to be employed by, or provide service to, the Company from the Date of Grant until the applicable vesting date: 
  

			
	 Date
	 	 Restricted Units

  
  
 The lapse of restrictions on the Restricted Units shall be cumulative, but shall not exceed 100% of the Restricted Units. If the foregoing schedule would produce fractional Units, the number of Restricted Units on
which the restrictions lapse shall be rounded to the nearest whole Unit. 
 (b) When the restrictions on Restricted Units lapse in accordance
with subsection (a) above, the Grantee shall receive payment with respect to such Restricted Units, in the form of shares of the Company common stock, as described in Section 5 below. 
 4. Termination of Restricted Units. 
 (a) Except as
set forth in any employment or other agreement between the Grantee and the Company, if the Grantee ceases to be employed by, or provide service to, the Company for any reason before the restrictions on all the Restricted Units lapse, any Restricted
Units for which the restrictions have not lapsed shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or service. 
 (b) No payment shall be made with respect to any Restricted Units that terminate as described in this Section 4. 
 5. Payment of Restricted Units. 
 (a) If and when the
restrictions on Restricted Units lapse, the Company will issue to the Grantee one share of the Company common stock for each Restricted Unit for which the restrictions have lapsed, subject to satisfaction of the Grantee’s tax withholding
obligations as described below. 
 (b) All obligations of the Company under this Agreement shall be subject to the rights of the Company as
set forth in the Plan to withhold amounts required to be withheld for any taxes, if applicable. The Grantee may elect to satisfy any tax withholding obligation of the Company with respect to the Restricted Units by having shares withheld up to an
amount that does not exceed the minimum applicable withholding tax rate for federal (including FICA), state, and local tax liabilities. 
  

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 (c) The obligation of the Company to deliver stock shall also be subject to the condition that if at any
time the Board shall determine in its discretion that the listing, registration or qualification of the shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is
necessary or desirable as a condition of, or in connection with, the issue of shares, the shares may not be issued in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of
any conditions not acceptable to the Board. The issuance of shares to Grantee pursuant to this Agreement is subject to any applicable taxes and other laws or regulations of the United States or of any state having jurisdiction thereof. 

6. Change of Control. The provisions of the Plan applicable to a Change of Control shall apply to the Restricted Units, and, in the event of a Change of
Control, the Board may take such actions as it deems appropriate pursuant to the Plan. 
 7. Grant Subject to Plan Provisions. This grant is made
pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. The grant and payment of the Restricted Units are subject to interpretations, regulations and
determinations concerning the Plan established from time to time by the Board in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) rights and obligations with respect to withholding taxes,
(b) the registration, qualification or listing of the shares issued under the Plan, (c) changes in capitalization of the Company and (d) other requirements of applicable law. The Board shall have the authority to interpret and
construe the Restricted Units pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder. 
 8. No
Employment or Other Rights. The grant of the Restricted Units shall not confer upon the Grantee any right to be retained by or in the employ or service of the Company and shall not interfere in any way with the right of the Company to terminate
the Grantee’s employment or service at any time. The right of the Company to terminate at will the Grantee’s employment or service at any time for any reason is specifically reserved. 
 9. No Shareholder Rights. Neither the Grantee, nor any person entitled to receive payment in the event of the Grantee’s death, shall have any of the rights
and privileges of a shareholder with respect to shares of Company stock, until certificates for shares have been issued upon payment of Restricted Units. 
 10. Assignment and Transfers. Except as the Board may otherwise permit pursuant to the Plan, the rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the
event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Restricted Units or any right hereunder, except
as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Restricted Units by notice to the Grantee, and the Restricted
Units and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This
Agreement may be assigned by the Company without the Grantee’s consent. 
  

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 11. Applicable Law. The validity, construction, interpretation and effect of this instrument shall be governed by
and construed in accordance with the laws of the Commonwealth of Pennsylvania, without giving effect to the conflicts of laws provisions thereof. 
 12.
Notice. Any notice to the Company provided for in this instrument shall be addressed to the Company in care of the President at the corporate headquarters of the Company, and any notice to the Grantee shall be addressed to such Grantee at the
current address shown on the payroll of the Company, or to such other address as the Grantee may designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as
stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service. 
 IN
WITNESS WHEREOF, the parties have executed this Restricted Stock Unit Agreement as of the Date of Grant. 
  

							
		 	 ORTHOVITA, INC.

				
		 	 By:
	 		 	  

 I hereby accept the award of Restricted Units described in this Agreement, and I agree to be bound by the
terms of the Plan and this Agreement. I hereby agree that all decisions and determinations of the Board with respect to the Restricted Units shall be final and binding. 
  

			
	  
	 	
	 Grantee
	 	

  

 4Waiver

 Exhibit 4.1 
 WAIVER REGARDING STOCK OWNERSHIP RESTRICTIONS 
 This WAIVER REGARDING STOCK OWNERSHIP RESTRICTIONS (this
AWaiver@), dated as of August 11, 2000, is by and between American Land Lease, Inc., a Delaware corporation and successor in interest to Asset Investors Corporation (the ACompany@), and Terry Considine (the AStockholder@). 
 WHEREAS, pursuant to certain provisions contained in the Company=s Second Amended and Restated Certificate of Incorporation (the ACertificate@;
capitalized terms used herein but not otherwise defined herein shall have the meanings provided in the Certificate), no person may, among other things, beneficially own or directly or indirectly own shares of Capital Stock of the Company equal to or
in excess of 5% of the aggregate value of the outstanding shares of Common Stock (such provisions, as set forth in Section 7.2.1(a) of the Certificate, the ARestrictive Ownership Provisions@); 
 WHEREAS, pursuant to Section 7.2.7 of the Certificate, the Board of Directors may, in its sole discretion, exempt a person from the application of any
one or more of the Restrictive Ownership Provisions, subject to such terms and conditions as the Board of Directors may determine; and 
 WHEREAS, the Stockholder has requested that the Company exempt the Stockholder from application of certain of the Restrictive Ownership Provisions; and the Company has determined to provide such exemption and establish such limit in respect
of the Stockholder, subject to the terms and conditions provided herein. 
 NOW, THEREFORE, for mutual consideration the receipt of which is
hereby confirmed, the parties hereto agree as follows: 
  

	1.	The Stockholder shall be exempt, subject to the Excepted Holder Limit established in paragraph 3 below, from the Aggregate Stock Ownership Limit as contained in
Section 7.2.1(a)(i) of the Certificate. 

  

	2.	The Stockholder shall be exempt from the Section 382 Limit as contained in Section 7.2.1(a)(i) of the Certificate. 

  

	3.	The exemption granted pursuant to paragraph 1 above shall be limited such that the percentage of shares of Common Stock owned by the Stockholder (including shares owned directly,
indirectly, constructively or Beneficially) shall not exceed the lesser of (a) 29 percent, and (b) the excess of 34 percent of the total outstanding shares of Common Stock of the Company at such time over the Excepted Holder Limit then
applicable to any person (other than the Stockholder or Asset Investors Operating Partnership, a Delaware limited partnership) as determined by the Board of Directors in accordance with Section 7.2.7 of the Certificate, such percentage being
the Excepted Holder Limit applicable to the Stockholder. 

	4.	The Stockholder agrees that he shall not own, directly, indirectly, constructively or Beneficially, any shares of Capital Stock in excess of the Excepted Holder Limit as provided in
paragraph 3 above, except as otherwise permitted by Section 7.2.7(c) of the Certificate. 

  

	5.	The Stockholder agrees that, except as expressly provided herein, all of the provisions contained in Article SEVENTH (ARestriction on Transfer and Ownership of Shares@) shall
continue to be applicable to the Stockholder in respect of the Stockholder=s ownership of Capital Stock of the Company. 

  

	6.	This Waiver shall be governed by and construed in accordance with the laws of the State of Delaware. 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Waiver as of the date provided above. 
  

			
	AMERICAN LAND LEASE, INC.
		
	By:	 	/s/ Terry Considine
		 	Name: Terry Considine
		 	Title: Chief Executive Officer

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