Document:

Exhibit 10.2

 Exhibit 10.2 
 Form of Restricted Stock Agreement 
 Participants must review all
documents related to this award 
 online at www.benefitaccess.com as acknowledgement of acceptance of

 the terms set forth herein. If you do not review these documents within 

6 months, the award will be terminated and you will not have any 

further right, title or interest in such award. 
 In addition, once you have acknowledged acceptance of these terms, the 

terms set forth herein will govern all your outstanding awards. 

SRA INTERNATIONAL, INC. 
 Restricted Stock Agreement  
 Granted Under the SRA International, Inc.
2010 Incentive Plan 
 This Restricted Stock Agreement (the “Agreement”) is made on ________, 20xx (the
“Grant Date”), between SRA International, Inc., a Delaware corporation (the “Company”), and _____________ (the “Participant”). 

For valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 

1. Issuance of Shares. 
 (a) The Company shall issue to the Participant, subject to the terms and conditions set forth in this Agreement and in the Company’s 2010 Incentive Plan (the “Plan”), ______ shares
(the “Shares”) of Class A Common Stock, $0.004 par value, of the Company (“Common Stock”). The Shares will be held by Morgan Stanley Smith Barney, administrator of the Plan, or any subsequent provider (the
“Administrator”) in the name of the Participant for that number of Shares issued to the Participant. 
 (b) To receive the Shares, within six (6) months of the Grant Date (“Acceptance Date”), the Participant shall acknowledge such terms and vesting of such Shares by making an election
through Administrator at www.benefitaccess.com, calling the Administrator directly at (703) 556-8180, or contacting any subsequent provider (the “Acceptance”). IF THE PARTICIPANT DOES NOT MAKE SUCH ELECTION BY THE
ACCEPTANCE DATE, THE SHARES SHALL BE TERMINATED AND THE PARTICIPANT SHALL NOT HAVE ANY FURTHER RIGHT, TITLE OR INTEREST IN SUCH SHARES. IN ADDITION, ONCE YOU HAVE ACKNOWLEDGED ACCEPTANCE OF THESE TERMS, THE TERMS SET FORTH HEREIN WILL GOVERN ALL
YOUR OUTSTANDING AWARDS. 
 (c) The Participant agrees that the Shares shall be subject to the forfeiture
provisions set forth in Section 2 of this Agreement and the restrictions on transfer set forth in Section 4 of this Agreement. 

  
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 2. Vesting. 

(a) Vesting Schedule. The Shares shall vest and become free from the forfeiture provisions in Section 2(b)
hereof and become free from the transfer restrictions in Section 4 hereof as set forth below (each a “Vesting Date”): 
  

			
	 Number of Vested Shares
	  	 Vesting Date

	_____ shares	  	on ________, 20xx
	_____ shares	  	on ________, 20xx
	_____ shares	  	on ________, 20xx
	_____ shares	  	on ________, 20xx
	_____ shares	  	Total

 (b) Vesting Is
Dependent Upon Continued Employment. 
 (1) Except as otherwise provided in this Section 2, the
specified Shares shall not vest on the vesting dates specified above unless the Participant, on such date, is, and has been at all times since the Grant Date, an employee, officer or director of, or consultant or advisor to, the Company or any
parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”), or any successor to the Company (an
“Eligible Participant”). In the event the Participant ceases to be an Eligible Participant for any reason, with or without cause, except as set forth in the next sentence, then any Shares that are not then vested in accordance with
Section 2(a) shall be forfeited immediately and automatically to the Company and the Participant shall have no further right, title or interest with respect to such Shares. The Shares that are forfeited will be cancelled and returned to the
Company. 
 (2) Notwithstanding the foregoing, if the Participant dies or has a Disability (as defined below) and
as a result is terminated by the Company prior to the final vesting date at a time when he or she is an Eligible Participant, then any remaining unvested Shares shall vest in full on the date of death or Disability. “Disability” means a
physical or mental impairment which prevents the Participant from performing the essential functions of Participant’s position with or without reasonable accommodation for a total of six (6) calendar months and such condition is likely to
continue for at least six (6) calendar months in the opinion of a certified medical doctor agreeable to both parties. 
 3.
Payment of Taxes Upon Vesting. 
 (a) Upon any vesting of Shares pursuant to Section 2 hereof, the
Company shall sell, or arrange for the sale of, such number of the Shares no longer subject to forfeiture under Section 2 as is sufficient to generate net proceeds sufficient to satisfy the Company’s minimum statutory withholding
obligations with respect to the income recognized by the Participant upon the lapse of the forfeiture provisions (based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to
such income), and the Company shall retain such net 

  
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proceeds in satisfaction of such tax withholding obligations. Alternatively, the Company, in its sole discretion, may elect to instruct the Administrator to deliver to the Company such number of
Shares as has a fair market value sufficient to satisfy such withholding obligations. 
 (b) The Participant
hereby appoints the Company’s Chief Financial Officer as his attorney in fact to sell the Participant’s Shares in accordance with this Section 3. The Participant agrees to execute and deliver such documents, instruments and
certificates as may reasonably be required in connection with the sale of the Shares pursuant to this Section 3. 
 (c) The Participant may, at any time, by providing notice to the Company and the Administrator, elect to revoke the provisions of Section 3(a), in which case upon any vesting of Shares occurring
thereafter the Participant shall pay to the Company immediately upon such vesting, by cash or check, an amount sufficient to satisfy the Company’s minimum statutory withholding obligations with respect to the income recognized by the
Participant upon the lapse of the forfeiture provisions (based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such income). 

4. Restrictions on Transfer. 
 (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any Shares, or any interest
therein, until such Shares have vested, except that the Participant may transfer such Shares after Acceptance to or for the benefit of any spouse, children, parents, siblings, grandchildren and any other relatives approved by the Board of Directors
(collectively, “Approved Relatives”) or to a trust established solely for the benefit of the Participant and/or Approved Relatives, provided that such Shares shall remain subject to this Agreement (including without limitation the
restrictions on transfer set forth in this Section 4 and the forfeiture provisions contained in Section 2) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that
such transferee shall be bound by all of the terms and conditions of this Agreement. 
 (b) The Company shall not
be required (i) to transfer on its books any of the Shares which have been transferred in violation of any of the provisions set forth in this Agreement or (ii) to treat as owner of such Shares or to pay dividends to any transferee to whom
such Shares have been transferred in violation of any of the provisions of this Agreement. 

  
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 5. Restrictive Legends. 

All Shares subject to this Agreement are subject to the following restriction, in addition to any other legends that may be required
under federal or state securities laws: 
 “The shares of stock represented by this certificate or book entry are subject to
the terms and conditions (including the risks of forfeiture and restrictions against transfer) set forth in the SRA International, Inc. 2010 Incentive Plan and a Restricted Stock Agreement between the corporation and the registered owner of these
shares (or his predecessor in interest). Release from such terms and conditions shall be made only in accordance with the provisions of such plan and such agreement, a copy of each of which is on file in the office of the Corporate Secretary of the
corporation.” 
 6. Withholding Taxes; Section 83(b) Election. 

(a) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise
due to the Participant any federal, state, local or other taxes of any kind required by law to be withheld with respect to the issuance of the Shares to the Participant or the lapse of the forfeiture provisions. 

(b) The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and other tax
consequences of this investment and the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands
that the Participant (and not the Company) shall be responsible for any tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. 

(c) The Participant shall promptly notify the Company of any election made pursuant to Section 83(b) of the Code. The
Participant acknowledges that it is the Participant’s sole responsibility and not the Company’s to file timely the election under Section 83(b) of the Code, in the event that the Participant wishes to make the election. 

UNLESS THE PARTICIPANT OTHERWISE NOTIFIES THE COMPANY IN WRITING, THE PARTICIPANT HAS ELECTED NOT TO FILE AN ELECTION
UNDER SECTION 83(B) OF THE CODE WITH RESPECT TO THE ISSUANCE OF THE SHARES. 
 7. Adjustments for Capital Changes.
The Plan contains provisions covering the treatment of restricted stock in a number of contingencies such as liquidation or dissolution, merger or consolidation, or exchange of all of the common stock of the Company. Provisions in the Plan for such
adjustments are hereby made applicable hereunder and are incorporated herein by reference. 
 8. Rights as a Stockholder.
Participant agrees that the right to vote any shares for which the restrictions on transfer as set in Section 4 hereof have not lapsed will be held by the Company. 
 9. Recoupment. To the extent required by law or any Company policy on clawback, recoupment, or reimbursement, as such policy may be amended from time to time, the Company may require the
Participant to return to the Company any Shares granted hereunder 

  
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 10. Transfers of Common Stock. For all transfers of Common Stock, the Participant is
subject to the requirements of the SRA Insider Trading Policy (CO-POL-04) and applicable securities laws, including but not limited to, continued prohibition against any purchase or sale of Common Stock while in possession of material nonpublic
information concerning the Company and against disclosure of material nonpublic information to others who might trade on the basis of that information.
 11. Entire Agreement. The Shares are intended to conform in all respects with, and are subject to all applicable provisions of the Plan (which is incorporated herein by reference). In the event of
any actual or alleged conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall be controlling and determinative. This Agreement and the Plan constitute the entire agreement between the
parties, and supersede all prior agreements and understandings, relating to the subject matter of this Agreement, with the exception of any written employment agreement, approved and executed by the Chairman of the Board of Directors or Chief
Executive Officer, and to the extent the terms of this Agreement could be construed as doing so, the terms of such employment agreement shall control and are incorporated herein by reference. 

12. Miscellaneous. 
 (a) No Rights of Continued Employment. The Participant acknowledges and agrees that the vesting of the Shares pursuant to Section 2 hereof is earned only by satisfaction of the performance
conditions and continuing service as an employee, officer, director, consultant or adviser at the will of the Company (not through the act of being hired or engaged or being granted the Shares hereunder). The Participant further acknowledges and
agrees that the transactions contemplated hereunder, the vesting schedule set forth herein and this Agreement do not constitute an express or implied promise of continued engagement as an employee, officer, director, consultant or adviser for the
vesting period, for any period, or at all. 
 (b) Severability. The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

(c) Waiver. Any provision for the benefit of the Company contained in this Agreement may be waived, either
generally or in any particular instance, by the Board of Directors of the Company or the Compensation Committee thereof. 
 (d) Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company and the Participant and their respective heirs, executors, administrators, legal representatives,
successors and assigns, subject to the restrictions on transfer set forth in Section 4 of this Agreement. 

  
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 (e) Notice. Each notice relating to this Agreement shall be in
writing and delivered in person or by first class mail, postage prepaid, or by electronic mail, to the addresses as hereinafter provided. Each notice shall be deemed to have been given on the date it is received. Each notice to the Company shall be
addressed to it at its offices at 4350 Fair Lakes Court, Fairfax, VA 22033 Attention: Stock Plan Administrator, or electronically to StockPlanAdministrator@sra.com. Each notice to the Participant shall be addressed to the Participant at the
Participant’s last known address or to the electronic mail address then on file with the Stock Plan Administrator. 
 (f) Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns
shall include the plural, and vice versa. 
 (g) Amendment. This Agreement may be amended or modified
only by a written instrument executed by both the Company and the Participant. 
 (h) Governing Law. This
Agreement shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflicts of laws. 

(i) Interpretation. The Board of Directors or the Compensation and Personnel Committee shall have the right to
resolve all questions which may arise in connection with the Shares. Any interpretation, determination or other action made or taken by the Compensation and Personnel Committee or the Board of Directors regarding the Shares, the Plan, or this
Agreement shall be final, binding and conclusive. 
 (j) Participant’s Acknowledgments. The
Participant acknowledges that he or she: (i) has read this Agreement; (ii) has received and read a copy of the Plan; (iii) has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of the
Participant’s own choice or has voluntarily declined to seek such counsel; (iv) understands the terms and consequences of this Agreement; and (v) is fully aware of the legal and binding effect of this Agreement. 

(k) Delivery of Certificates. Subject to Section 3, the Participant may request that the Company or the
Administrator deliver the Shares in certificated form with respect to any Shares that have vested and ceased to be subject to forfeiture pursuant to Section 2. 

(l) No Deferral. Notwithstanding anything herein to the contrary, neither the Company nor the Participant may defer
the delivery of the Shares. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written. 
  

							
		 		 	SRA INTERNATIONAL, INC.
				
	Dated: ________, 20xx	 		 	By: 	 	 
		 		 		 	Ernst Volgenau
		 		 		 	Chairman

  
 -7-Offer letter dated November 23, 2010

 Exhibit 10.1 
 December 1, 2010 
 Timothy M. Ruane 

411 5th Street 

New Westminster, BC 
 Canada, V3L 2X5 
 Dear Mr. Ruane: 

I am pleased to offer you a position with InSite Vision Incorporated (the “Company”) on the terms and conditions set forth in
this Letter Agreement (this “Agreement”): 
  

	1.	Employment. You will hold the title of Chief Executive Officer. 

  

	2.	Duties. You shall have such job responsibilities as the Board of Directors of the Company (the “Board”) shall determine from time to time. These will
include officer-level duties and responsibilities as are usual and customary for the Chief Executive Officer of a publicly-traded company. You agree to devote substantially all of your time, energy and ability to the business of the Company. Nothing
herein shall prevent you, upon approval of the Board, from: (1) serving as a director or trustee of other corporations or businesses which are not in competition with the business of the Company or in competition with any present or future
affiliate of the Company; or (2) investing in real estate for your own account or from becoming a partner or a stockholder in any corporation, partnership or other venture not in competition with the business of the Company or in competition
with any present or future affiliate of the Company; provided that, in either instance, your service, investment or other involvement must not (i) influence in any manner a decision or course of action of the Company or (ii) prevent you
from effectively performing all of the duties of your contemplated position with the Company. 

  

	3.	Hire Date. Your employment will commence on December 1, 2010 (the “Hire Date”). 

 

	4.	Directorship and Other Roles. No later than the Board’s first regularly scheduled meeting after the Hire Date, you will be appointed as a member of the
Company’s Board. Upon any termination by either you or the Company, you agree to resign all positions, including as an officer and, if applicable, as a director or member of the Board or any committee thereof. 

 

	5.	Compensation. 

  

	 	(a)	Base Compensation. The Company will pay you annual base compensation in the gross amount of $350,000 payable in installments in accordance with the
Company’s customary payroll practices for overtime-exempt employees and subject to all withholdings or deductions as required or authorized by law. 

  

	 	(b)	Residence. You agree that for so long as you remain employed by the Company you will maintain your primary residence within 35 miles of the Company’s
corporate headquarters, currently located in Alameda, California. 

  

	 	(c)	Relocation Assistance. 

  

	 	(i)	Upfront Relocation Payment. Within 10 days of the Hire Date, the Company will pay to you a lump-sum gross payment equal to $67,500 (such gross amount, the
“Upfront Relocation Payment”), less tax withholdings and/or applicable deductions as required by law. 

  

	 	(ii)	Reimbursement of Expenses Incurred in 2011; Gross Up Payment. 

  

	 	(A)	Reimbursements in 2011. If the aggregate amount of Covered Relocation Expenses (as defined in paragraph 5(c)(iii) below) that you incur exceeds the Upfront
Relocation Payment (as documented to the Company in such form as reasonably requested by the Company), the Company will reimburse you for any Covered Relocation Expenses in excess of the Upfront Relocation Payment that you incur in calendar year
2011 up to an aggregate total of $150,000 (which amount is in addition to the Upfront Relocation Payment). Reimbursements under this further benefit will be subject to all tax withholdings and/or applicable deductions as required by law.

  

	 	(B)	Tax Gross Up Payment. No later than December 31, 2011, the Company will pay you a lump sum payment in a gross amount equal to the income and employment
taxes that you will incur as a result of receiving the reimbursement amounts described in subparagraph (ii)(A) above (as reasonably estimated by the Company), less tax withholdings and/or applicable deductions as required by law with respect to such
amount; provided, however, that the maximum gross amount that you may receive in calendar year 2011 pursuant to subparagraphs (ii)(A) and (B) is $182,500. 

 

	 	(iii)	Covered Relocation Expenses. The following expenses will be considered “Covered Relocation Expenses” to the extent they are reasonable and supported by
documentation in reasonable detail provided by you to the Company’s Board of Directors within 30 days of the date upon which you incur the applicable expense: 

 

	 	(A)	Temporary housing in the San Francisco Bay Area up to $5,000/month; 

  

	 	(B)	The cost of one house-hunting trip for you and your family to the San Francisco Bay Area reimbursed up to $3,500; 

 

	 	(C)	 The following moving expenses: packing, moving, and storage of personal effects and up to two vehicles (90 days maximum); delivery and unpacking of
household goods; replacement value insurance to maximum $100,000 valuation; prepaid one-way coach/economy airfare for your spouse and your dependents or 

  
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mileage reimbursement for one auto at the corporate mileage rate plus bridge, ferry, tunnel and turnpike tolls together with reimbursement of en-route lodging and dining expenses incurred for
reasonable accommodations as appropriate for your family members and length of trip; 

  

	 	(D)	The following costs associated with the sale of your current residence: non-recurring closing costs; brokers’ commissions; and staging; and

  

	 	(E)	The following costs associated with the purchase of a new residence in the San Francisco Bay Area: non-recurring closing costs (excluding origination fees or
“points”, mortgage payments or expenses, furnishings, repairs, maintenance, appliances or other fixtures). 

  

	 	(iv)	Excluded Expenses. The list of Covered Relocation Expenses is exclusive and therefore does not cover any other expenses including without limitation down
payments, recurring closing costs on a new home, loss of value on a home sale, home improvements, or the purchase of furniture. 

  

	 	(v)	Obligations Upon Termination. If within two years after your Hire Date you resign your employment (except for Good Reason) or are terminated by the Company for
Cause, you shall repay to the Company, within 30 days of written demand: (y) 100% of all relocation benefits paid to you if your termination date is on or before the one-year anniversary of the Hire Date; or (z) 50% of all relocation
benefits paid to you if your termination date was within two years but more than one year after the Hire Date. For purposes of this Agreement, the term “Cause” shall have the definition given to it in the Company’s Severance Plan and
the phrase “Good Reason” shall have the definition given to it in the applicable Severance Plan Participation Agreement. 

  

	 	(d)	Annual Discretionary Bonus. Starting in 2011, you will be eligible to receive a discretionary annual bonus with a target amount equal to 75% of your Base
Compensation. The goals and relative weight of those goals will be agreed between you and the Compensation Committee before the beginning of the bonus year. The Compensation Committee will decide your achievement of the bonus goals and your bonus
amount in its sole discretion. Bonus payments will be made within the first quarter of the year following the bonus year. You must be currently employed on the payment date to receive a bonus. Bonus payments are subject to withholding and/or
deductions as required by law. 

  

	 	(e)	 Option to Purchase Shares. The Board has approved, contingent upon your execution of this letter, commencing employment on the Hire Date, and
executing the relevant documentation, the grant to you of an option (“Option”) to purchase 2,844,374 shares of the Company’s common stock under the Company’s

  
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2007 Performance Incentive Plan (the “Plan”). This grant will be effective on your Hire Date. The exercise price per share will be the closing sale price of the Company’s common
stock on the Over-the-Counter Market Bulletin Board on the Hire Date. The Option will be subject to the terms and conditions applicable to options granted under the Plan, as described in the Plan and the applicable Notice of Stock Option Grant
and/or Stock Option Award Agreement. The Option will vest as to 25% of the shares covered by the Option on the first anniversary of the Hire Date and as to the remaining 75% of the shares in daily installments over the three-year period thereafter,
provided that you remain an employee of the Company through each such vesting date. The Option shall have a maximum term of 10 years. 

  

	 	(f)	Benefits. During your employment with the Company, you and/or your family, as the case may be, will be eligible to receive the same welfare benefits provided by
the Company to other executive-level employees, which currently include medical, dental and vision insurance. Specific benefits provided are subject to change. 

 

	 	(g)	Expenses. You shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by you in accordance with the policies, practices
and procedures as in effect generally with respect to other executive-level employees in the Company. 

  

	 	(h)	Fringe Benefits. You shall be entitled to fringe benefits, if any, in accordance with the plans, practices, programs and policies in effect generally with
respect to other executive-level employees in the Company. 

  

	 	(i)	Vacation. You shall be entitled to paid vacation in accordance with the Company’s plans, policies, programs and practices as described in the Company’s
employee handbook. 

  

	 	(j)	Modification. The Company reserves the right to modify, suspend or discontinue any and all of the above plans, practices, policies and programs at any time
without recourse by you so long as such action is taken generally with respect to other executive-level employees. 

  

	6.	Employment At-Will. Your employment with the Company is for no specified period of time and is “at-will.” As a result, you are free to resign at any
time, for any reason or for no reason, and with or without notice. The Company is likewise free to terminate your employment at any time, with or without cause and with or without notice or payment of severance except as specifically provided by
this Agreement. Notwithstanding the foregoing, you agree that, in the event of your voluntary resignation, you will give the Company at least two weeks’ prior notice if reasonably practicable. 

 

	7.	 Severance and Change in Control. The Compensation Committee of the Board will designate you as an “Eligible Person” within the meaning
of the Company’s Severance Plan adopted April 29, 2009, as amended. Your “severance multiplier” will be one (1) 

  
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and your “change-in-control multiplier” will be one (1). Your eligibility to receive benefits under the Severance Plan is subject to all terms and limitations of the Severance Plan
including its requirement that participants must execute a release of claims in favor of the Company upon the termination of the participant’s employment. 

 

	8.	Background Check. The offer of employment contained in this Agreement is conditioned upon any investigation or check of your background or references undertaken
by the Company being satisfactory to the Company, in its sole discretion. By accepting this offer of employment with the Company, you represent that all background and reference information that you have provided to the Company in any resume,
employment application, job interview, or otherwise is completely accurate in all respects. You agree that any misrepresentation of this information, regardless of when it is discovered by the Company, will result in withdrawal of this offer or
termination of employment. Your employment is also conditioned upon your disclosure to the Company of any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in
which you may be employed. You hereby represent that you have disclosed all such agreements to the Company and you hereby represent that no such agreements prevent you from performing all of the duties of your contemplated position with the Company.

  

	9.	Employment Eligibility. As a condition of your employment, you will be required to provide to the Company documentary evidence of your identity and eligibility
for employment in the United States. Such documentation must be provided to the Company in the manner and within the timeframe stipulated by law. 

  

	10.	Compliance. If you accept this offer of employment with the Company, you agree to abide by the Company’s policies, rules and standards. Specifically, you
will be required to, and hereby agree to, sign an acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in, among other places, the Company’s employee handbook, Code of Conduct and Code
of Ethics. 

  

	11.	Confidentiality and Non-Solicitation. As a condition of your employment, you are also required to, and hereby agree to, sign prior to the Hire Date and comply
with the Company’s Proprietary Information and Inventions Agreement, a copy of which is enclosed. 

  

	12.	 Arbitration. Any controversy, dispute or claim arising out of or relating to this contract or breach thereof, or in any way relating to your
employment or its termination, shall first be settled through good faith negotiation. If the dispute cannot be settled through negotiation, you and the Company agree to attempt in good faith to settle the dispute by mediation administered by JAMS.
If we are unsuccessful at resolving the dispute through mediation, you and the Company agree to binding arbitration administered by JAMS pursuant to its Employment Arbitration Rules & Procedures. Any mediation or arbitration held under this
provision shall be conducted in San Francisco, California. BY AGREEING TO ARBITRATION, BOTH YOU AND THE COMPANY ARE GIVING UP THE RIGHT TO HAVE DISPUTES DECIDED BY A JURY. The Company will pay all costs unique to the arbitration or mediation
process (principally the neutral’s fee 

  
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and any JAMS administration fees), unless you wish to pay half of any such costs yourself. Judgment on an arbitration award may be entered in any court having jurisdiction. Each party will bear
its own attorneys’ fees and costs not unique to the mediation or arbitration process, but may recover attorneys’ fees and costs as otherwise permitted by law. The officers, directors, and employees of the Company are each an intended
beneficiary of our agreement to arbitrate and may require any dispute with you that is covered by this paragraph to be arbitrated pursuant to this Agreement. 

 

	13.	Successors. This Agreement is personal to you and shall not, without the prior written consent of the Company, be assignable by you. This Agreement shall inure
to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, “successor”
and “assignee” shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires an equity ownership interest in the Company or to which the
Company assigns this Agreement by operation of law or otherwise. 

  

	14.	Waiver. No waiver of any breach of any term or provision of this Agreement shall be construed to be, nor shall be, a waiver of any other breach of this
Agreement. No waiver shall be binding unless in writing and signed by the party waiving the breach. 

  

	15.	Section 409A. To the extent applicable, the provisions in this Agreement are intended to comply with Section 409A of the Internal Revenue Code and
guidance promulgated thereunder (“Section 409A”) and this Agreement shall be administered and construed in a manner consistent with this intent. In furtherance of the foregoing, if any reimbursement or in-kind benefit (as defined in
Section 409A) to be made or provided pursuant to paragraph 5(c) above constitutes a “deferral of compensation” within the meaning of and subject to Section 409A, then, notwithstanding anything to the contrary herein, the
following rules shall apply: (a) the amount of expenses eligible for reimbursement or the provision of any in-kind benefit to you during any calendar year will not affect the amount of expenses eligible for reimbursement or provided to you as
in-kind benefits in any other calendar year, (b) any reimbursements for expenses for which you become entitled shall be made on or before the last day of the calendar year following the calendar year in which the applicable expense is incurred,
(c) the right to payment or reimbursement or in-kind benefits may not be liquidated or exchanged for any other benefit and (d) you shall be entitled to reimbursement of eligible expenses incurred, or the provision of eligible in-kind
benefits, through the end of calendar year 2011. 

  

	16.	Savings Clause. If any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications
of the Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable. 

 

	17.	 Complete Agreement. This Agreement and the attached Proprietary Information and Inventions Agreement (and their attachments) constitute and
contain the entire agreement and final understanding between the parties concerning your employment with 

  
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the Company and the other subject matter addressed herein and therein. They are intended by the parties as a complete and exclusive statement of the terms of such agreement. They supersede and
replace all prior negotiations and all agreements proposed or otherwise, whether written or oral, concerning the subject matter thereof. Any representation, promise or agreement not specifically included in this Agreement or the attached Proprietary
Information and Inventions Agreement (or their attachments) shall not be binding upon or enforceable against either party. This Agreement may not be amended or modified other than by a written agreement signed and dated by both you and a member of
the Compensation Committee representing that he or she is acting with the authorization of the Compensation Committee or the full Board. 

  

	18.	Governing Law. This Agreement shall be deemed to have been executed and delivered within the State of California, and the rights and obligations of the parties
hereunder shall be construed and enforced in accordance with, and governed by, by the laws of the State of California without regard to principles of conflict of laws. 

 

	19.	Communications. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered or
if mailed by registered or certified mail, postage prepaid, addressed to you at 411 5th Street, New Westminster, BC, Canada, V3L 2X5 or addressed to the Company at InSite Vision Incorporated, 965 Atlantic Avenue, Alameda, CA, 94501, Attention:
Chairman of the Board of Directors. Either party may change the address at which notice shall be given by written notice given in the above manner. 

  

	20.	Counterparts. This Agreement is being executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. Photostatic, facsimile, or electronically scanned copies of such signed counterparts may be used in lieu of the originals for any purpose. 

 

	21.	Legal Counsel. You recognize that this Agreement is a legally binding contract and acknowledge and agree that you have had the opportunity to consult with legal
counsel of your choice before signing it. 

  
 - 7 -

 To accept the Company’s offer of employment, please sign and date this letter in the
space provided below and sign and date the attached Proprietary Information and Inventions Agreement. Duplicate originals are enclosed for your records.  
 We look forward to your favorable reply and to working with you at InSite Vision Incorporated. 
  

							
		 		 		 	Sincerely,
				
		 		 		 	InSite Vision Incorporated
				
		 		 		 	 /s/ Evan S. Melrose

		 		 	  By: Evan S. Melrose, M.D.
		 		 		 	Chairman of the Board of Directors

  

					
	 	 	Agreed and Accepted:
		
		 	 TIM RUANE

			
		 	 Signature:
	 	 /s/ Tim Ruane

			
		 	 Date:
	 	 12/01/2010

 Enclosures: 
 Duplicate Original Letter 

Original and Duplicate Proprietary Information and Inventions Agreement 

  
 - 8 -

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